Formations

LLP FORMATION

Stage I - Partners
To form a LLP, there should be Minimum two partners and at least two shall be designated partners having DIPN. In case of body corporate as partners, their nominee can be act as designated partners. Out of two designated partners, one must be resident in India. (Who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding financial year)

Stage II - Obtaining DPIN & Digital Signature
DPIN can be obtained by making an application online with www.llp.gov.in After submitting the online application, signed physical copy of Form 7 has to be submitted to Ministry of Corporate Affairs along with certified copies of address proof and Identity proof of the applicant. Digital Signature can be obtained from any of the Certifying Authorities in India.

Stage III - Name filing
After finalization of name, an application of name availability has to be filed in form 1 with www.llp.gov.in for approval. Please note that selection of name is subject to Guidelines issued by MCA.

Stage IV - Agreement
LLP agreement has to be drafted line with LLP Act. It is not mandatory to file LLP agreement at the time of registration and same can be file with in 30 days. If no agreement is framed, provisions of Schedule I of the LLP Act shall be applicable.

Stage V - Filing of Incorporation Documents
The following documents along with required attachments has to be filed with www.llp.gov.in

Form 2 :Details of partners, registered office etc
Subscripttion Sheet: All partners are required to subscribe their names along with signatures to the subscripttion sheet, which shall be witnessed by any chartered Accountant/Company Secretary/Advocate in practice.

Form 3: LLP agreement this can be filed with in 30 days from the date of registration
Above said documents are required to be filed after signing digitally. After verification, registrar will register all documents and issue Certificate of Incorporation.

Form 4: Consent of Partners - Consent of each partner to become a partner of Liability Partnership


NGO FORMATION

Non-governmental organization (NGO) is a term, which has become widely accepted as referring to a legally constituted, non-governmental organization created by natural or legal persons with no contribution or symbol of any government. In the cases in which NGOs are funded partly or totally by governments, the NGO maintains its non-governmental status and excludes government representatives from membership in the organization.


We provide following services to our NGO clients

  Registration of Society, Section 25 Company, Formation of Trust.

  Income Tax Services.

  Statutory Audit Services.

  FCRA Registrations.

  FCRA compliance & FC3 returns.

  Internal Audit, Accounts Outsourcing Services.

  Advisory Services for procurement of grants/funds/donations.


Procedure of Formation: "Trust" is defined as an obligation annexed to the ownership of property, and arising out of a confidence reposed in and accepted by the owner and accepted by him for the benefit of another and the owner. A Trust may be created by any language sufficient to know the intention and no technical words are compulsory. Generally, A trust deed incorporates the following:


  The name(s) of the author(s)/settlor(s) of the trust.

  The name(s) of the trustee(s).

  The name(s) if any, of the beneficiary/ whether it shall be the public at large.

  The name by which the trust shall be known.

  The name where its principal and other offices shall be situate.

  The property that shall devolve upon the trustee(s) under the trust for the benefit of the beneficiary.

  An intention to divest the trust property upon the trustee.

  The objects of the trust.

  The procedure for appointment, replacement or removal of a trustee. Their rights, duties and powers etc.

  The rights and duties of the beneficiary.

  The method and mode of determination of the trust.



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