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ROC Filing For Partnership In Imphal

In Imphal, registering a partnership firm involves submitting a registration application, a duly executed partnership deed, and supporting documents to the Registrar of Firms. While registration is not compulsory, it confers important legal advantages and protections under the Indian Partnership Act, 1932.

ROC Filing For Partnership In Imphal

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Why Should I Use Auriga Accounting For ROC Filing For Partnership In Imphal?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your ROC Filing For Partnership In Imphal.

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Our team of experts will get in touch with you and collect all necessary documents and details

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Why Should I Use Auriga Accounting For ROC Filing For Partnership In Imphal?

Auriga Accounting has a team of registration experts who can provide complete guidance to register your ROC Filing For Partnership In Imphal.

book appointment

Our team of experts will get in touch with you and collect all necessary documents and details

Resolve all your queries

We fill out and file your application for ROC Filing

Complete your registration

Ready Your ROC Filing For Partnership In Imphal

Overview - ROC Filing For Partnership In Imphal

In Imphal, traditional partnership firms are governed by the Indian Partnership Act, 1932 and are registered with the Registrar of Firms, not the Registrar of Companies (ROC). Therefore, ROC filing requirements do not apply to these firms. However, if a partnership is converted into a Limited Liability Partnership (LLP) under the LLP Act, 2008, ROC compliance becomes mandatory.

LLPs must submit their annual return (Form 11) by May 30 and financial statements (Form 8) by October 30 each year. Additionally, event-based changes such as modifications in partnership or agreements must be filed with the ROC. Non-compliance can lead to penalties. Thus, while traditional partnerships are exempt, LLPs must comply fully with ROC regulations.

Eligibility Criteria OF ROC Filing for Partnership In Imphal

Entity Type and ROC Compliance: Only LLPs are obligated to file with the Registrar of Companies (ROC). Traditional partnerships are not required to file with the ROC.

Governing Laws: Traditional partnerships are governed by the Indian Partnership Act, 1932. LLPs operate under the LLP Act, 2008, which mandates ROC compliance.

Registration Authority: Traditional partnerships register with the state’s Registrar of Firms (ROF). LLPs are registered with the Ministry of Corporate Affairs (MCA) and issued a Certificate of Incorporation.

ROC Filing Requirements (LLPs Only): Form 11 (Annual Return) must be submitted by May 30 each year. Form 8 (Statement of Accounts & Solvency) is due by October 30 annually.

Traditional Partnerships: No requirement to file annual or event-based forms with the ROC. Not governed by the Ministry of Corporate Affairs.

Event-Based Compliance for LLPs: LLPs must file Form 4 for any changes in partners or designations. Event-based ROC filings are mandatory, irrespective of turnover.

Audit Requirement for LLPs: Audit is mandatory if annual turnover exceeds ₹40 lakh. Audit is also required if capital contribution exceeds ₹25 lakh.

Advantages of ROC Filing for Partnership In Imphal

  • Legal Recognition: ROC registration grants LLPs the status of a separate legal entity, enhancing credibility and professional standing.

  • Limited Liability Protection: Partners’ personal assets are safeguarded, as liability is limited to their agreed capital contribution.

  • Enhanced Transparency: Mandatory filings ensure operational transparency, building trust with clients, investors, and lenders.

  • Improved Access to Funding: Strong compliance records and governance practices make it easier to secure loans and attract investment.

  • Business Continuity: LLPs enjoy perpetual succession, allowing uninterrupted operations despite changes in partnership structure.

  • Regulatory Compliance: Timely ROC filings help avoid penalties, ensuring smooth and legally compliant business operations.

Documents Required Of ROC Filing for Partnership In Imphal

  • Incorporation Documents: DSC of designated partners, DIN/DPIN, and executed LLP Agreement.

  • Identity Proof of Partners: PAN Card (mandatory) plus Aadhaar, Passport, or Voter ID as supporting ID.

  • Address Proof of Partners: Recent utility bill, passport, or bank statement dated within 2 months.

  • Proof of Registered Office: Rent agreement or ownership deed, NOC from owner (if rented), and recent utility bill within 2 months.

  • Additional Documents (if applicable): Consent letters from partners and statutory declarations or compliance undertakings.

  • Form-Specific Attachments: Audited financial statements, LLP agreement copy, and other ROC-mandated documents.

Online Process of ROC Filing For Partnership In Imphal

  • Create MCA Account: Visit the official Ministry of Corporate Affairs (MCA) website at www.mca.gov.in and register by creating a user ID and password to access the portal.

  • Obtain Digital Signature Certificate (DSC): All designated partners must obtain a Digital Signature Certificate to enable secure and legally valid digital signing of all required documents.

  • Apply for Designated Partner Identification Number (DPIN)/Director Identification Number (DIN): Partners who do not already have a DPIN or DIN need to apply for one via the MCA portal before proceeding with the registration.

  • Reserve LLP Name: Use the MCA’s RUN-LLP (Reserve Unique Name) service to select and reserve a unique name for the LLP, ensuring it complies with naming guidelines and is available.

  • File Incorporation Form: Complete and submit the LLP incorporation application online through the MCA portal, attaching all necessary documents, including the draft LLP agreement.

  • Upload LLP Agreement: File the finalized LLP agreement by submitting Form 3 within 30 days of the LLP’s incorporation date to formalize the partnership terms.

  • Submit Annual Returns and Financial Statements: Annually comply with ROC regulations by filing Form 11 (Annual Return) and Form 8 (Statement of Accounts & Solvency) through the MCA portal, adhering to the specified deadlines.

  • File Event-Based Forms: Ensure timely submission of event-based filings such as Form 4 to report any changes in designated partners or other significant modifications as mandated.

  • Pay Filing Fees: Complete all required ROC filings by paying the prescribed fees online during the submission process to avoid delays or penalties.

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