FiLLiP Full Form, Features & Filing Fees

FiLLiP full form is Form for Incorporation of Limited Liability Partnership. To register a Limited Liability Partnership in India, the FiLLiP form needs to be filed with the Registrar of Companies (RoC) via the official website of the MCA. In this blog post, we shall discuss FiLLiP in detail, and guide our readers regarding its key features and filing fee structure. 

What is FiLLiP Full Form?

FiLLiP full form is Form for Incorporation of Limited Liability Partnership. Before we explain this form in detail, it is important to know what a Limited Liability Partnership (LLP) is. An LLP is basically a modern, hybrid business structure, under LLP Act 2008, that combines the operational flexibility of a traditional partnership with the limited liability protection of a company.

FiLLiP is the prescribed form for LLP incorporation in India. It is a single, streamlined form that allows you to apply for the name of your LLP, add proposed designated partners and partners, request for DPIN and officially incorporate the LLP. 

Key Features of FiLLiP

Here are the key features of FiLLiP:-

• This web form of the MCA acts as a single window filing mechanism. Using it, LLP name reservation, partner addition, DPIN and incorporation can be done under a single roof. 

• Using the FiLLiP form, you can apply for a maximum of 5 Designated Partner Identification Numbers (DPIN) for proposed partners.

• The FiLLiP is an online form. It makes the LLP incorporation process paperless, fast and easy. It helps individuals avoid frequent visits to govt offices.

• Without a DSC, the FiLLiP LLP cannot be filed online. Therefore, the DSC must be obtained prior to initiating the FiLLiP filing process. 

Key Details to Mention in FiLLiP

Here are some of details that you need to mention in FiLLiP:-

• Whether the name is already approved by the RoC.

• Type of Incorporation.

• Particulars of Proposed Name/Approved name.

• Address of Registered Office of LLP.

• Details of business activities carried out by LLP.

• Number of Designated Partners having valid DIN/DPIN.

• Number of Designated Partners not having valid DIN/DPIN.

• Basic Details of Designated Partners.

• DSC of the Designated Partner.

Government Fees for FiLLiP Filing

The government fee for filling FiLLiP varies depending on the total capital contribution:-

Note:- The fee structure mentioned above excludes stamp duties applicable in each state. 

Conclusion

LLP is one of the most popular business structures in India. It is governed by the Limited Liability Partnership Act, 2008. To register an LLP business in India, web-form FiLLiP needs to be filed with the RoC online via official MCA website. Usually, it takes between 7 to 15 working days for the RoC to approve FiLLiP provided all the details in the form are accurate and complete. However, in case of any filing errors, incomplete details/documentation or issues related to business name, the approval can be delayed or even rejected. Therefore, it is recommended to seek professional guidance from experienced consultants. 

For LLP incorporation services, get in touch with our experienced LLP consultants at Registrationwala. We will ensure that your LLP gets incorporated as soon and smoothly as possible without any unnecessary hassle. 

Frequently Asked Questions (FAQs)

Q1. What is FiLLiP full form?

A. The full form of FiLLiP is Form for Incorporation of Limited Liability Partnership. It refers to the prescribed MCA form that needs to be filed for LLP registration in India. 

Q2. Which form needs to be filed for LLP incorporation?

A. For LLP incorporation, the FiLLiP form needs to be filed online via the official MCA portal.

Q3. Is DSC required to file FiLLiP form for LLP?

A. Yes, a DSC is mandatory for filing the FiLLiP form for LLP.

Q4. Do LLPs need to file annual returns with the Registrar of Companies (RoC)?

A. Yes, the LLPs need to file annual returns with the RoC. 

Q5. How long does it take to approve FiLLiP?

A. RoC generally takes 7-15 working days to approve FiLLiP. However, in case of errors, missing details/documents or issues related to business name, the approval can be delayed. In some cases, the application can be rejected. 

Q6. Can you apply for DPIN using FiLLiP?

A. Yes, you can apply for a maximum of 5 DPINs using the FiLLiP form for LLP.

Q7. Can foreign citizens incorporate an LLP in India?

A. Yes, foreign citizens can incorporate an LLP in India. However, at least one of the LLP’s designated partners must be an Indian resident (resided in India for 120+ days in the previous financial year).

Q8. Can an LLP be registered online?

A. Yes, an LLP can be registered online by filing the prescribed web-based form FiLLiP on the MCA portal. 

Author: Dushyant Sharma

Hey there, I'm Dushyant Sharma. With the extensive knowledge I've gained in past 8 years, I have been creating content on various subjects such as banking, insurance, telecom, and all the important registration and licensing processes for various companies. I'm here to help everyone with my expertise in these areas through my articles.