FAQs on Companies, Trademarks and Taxes

Q. Is LLP registration in New Delhi is different from rest of India?

No, LLP registration is done under the Limited Liability Act, 2008 which is a act passed by the parliament of India and hence it is uniform all over the country. Further, the whole procedure is online for which you need not to be present in person and send documents on the email.

LLP

Q. What is LLP registration full form? And what are the total fees for LLP registration in India?

The full form of LLP is the Limited Liability Partnership which is formed under LLP act, 2008. The total fees to register a LLP in India is 7,999/-. The govt fee comes around to 4500 and 3000 is the professional fees including taxes.

LLP

Q. If 30 days has been passed from the issue of Tm examination report, am I still eligible for replying Trademark objection?

If 30 days has been passed off from the issue of the TM Examination report, you can file the reply, if the status is still showing awaiting for reply of examination report and not abandoned.

TRADEMARK OBJECTION

Q. What are Precautions to avoid Trademark objections?

To avoid Trademark Objection, one needs to select a proper trademark, do deep study, Deep research of the existing similar trademarks, Use unique, specific and not general and non-descriptive words, Avoiding deceptive, disparaging and offensive language.

TRADEMARK OBJECTION

Q. Can I respond back the Trademark objection myself?

Yes, you can file the TM objection reply by your own, but hiring a Trademark attorney will always help as these people always have the experience of drafting replies to the point and the same will always help to add the value and get your TM application registered.

TRADEMARK OBJECTION

Q. What are Nidhi Company rules? Is there any RBI Guideline for Nidhi Company in India?

Nidhi Company is the type of Non-Banking Financial Company (NBFC) which has been exempted from the Reserve Bank of India (RBI) provisions, and hence no RBI guideline is applicable to the Nidhi Company. Further, Nidhi Companies are governed by the Nidhi Rules, 2014.

NIDHI COMPANY

Q. What is the major checklist for LLP formation in India?

LLP formation is a little complex procedure and any mistake during the process do not easily rectified. The major checklist is as follows: The most important documents is the LLP agreement and hence, be cautious while drafting the law,Keep your PAN and ID proof clear and ready and send the scan copy to us,Due dates under LLP registration process should be adhere to avoid any late penalty.

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Q. What is the late filing of Form 3 for filing the LLP agreement in MCA?

After incorporation of LLP, the copy of signed agreement is filed to the Registrar of Companies via Form 3 within 30 days from the date of incorporation. However, in case you are not able to file the same within the stipulated time, then you penalty of Rs.100 per day is levied and maximum no limit.

LLP

Q. What is the difference between traditional Partnership registration and Limited liability Partnership (LLP) in India?

Here is the outlined difference between the traditional partnership and LLP :Traditional Partnership -It is old form of business and partnerships are registered under Indian partnership Act, 1932,Traditional partnership risk of unlimited liability and hence personal assets are not safe,Name of the firm is not secure, anyone can open on the same name,There is no yearly compliance. Limited Liability Partnership- It is the latest form of partnership which is registered under limited Liability Partnership Act, 2008,Its offers the protection to personal assets by limiting the liability,Once registered with the name, no one shall be able to register with the similar name,There is a requirement for annual filing and any delay leads to penalty of Rs.100 per day.

LLP

Q. What do you mean by incorporation of LLP under Companies, Act 2013?

This question in fact is fundamentally wrong. Incorporation of LLP is done under the Limited Liability Partnership Act, 2008 and not under Companies Act, 2013.

LLP