MCA has changed the process of incorporating LLP. Following are the features of the revised process:
- Form RUN-LLP (Replacing Form 1) introduced for reservation of the name of LLP
- Form FiLLiP (Replacing Form 2) introduced for incorporation of LLP.
- The Name of LLP can be reserved in advance by using form RUN-LLP or simultaneously with the application in Form FiLLiP (Similar to SPice form applicable for Companies)
- DPIN can be applied through Form FiLLip for maximum 2 persons.
- The COI of LLP or Conversion of LLP will be issued by CRC in form 16 and 19 respectively.
- Following forms have also been revised:
Form 5: Notice of Change of Name of LLP
Form 17: Application for conversion of Firm to LLP
Form 18: Application for conversion of Pvt Ltd. Co. or Unlisted Public Ltd. Co. to LLP - Chances of Resubmission: One resubmission allowed for RUN-LLP and two chances for resubmission for FiLLiP.