Arrange the steps of incorporation of an LLP in sequence: 1. Application for DPIN 2. Filing of LLP agreement 3. Application for DSC 4. Incorporation of LLP

1, 3, 2, 4
3, 1, 4, 2
2, 1, 3, 4
1, 2, 3, 4

The correct answer is D. 1, 2, 3, 4.

The steps of incorporation of an LLP are as

follows:
  1. Application for DPIN

The first step is to apply for a DPIN (Director Identification Number) from the Ministry of Corporate Affairs (MCA). The DPIN is a unique 10-digit number that is required for all directors of an LLP.

  1. Filing of LLP agreement

The next step is to file the LLP agreement with the MCA. The LLP agreement is a document that sets out the terms and conditions of the LLP. It must be signed by all the partners of the LLP.

  1. Application for DSC

The third step is to apply for a digital signature certificate (DSC) from a licensed Certifying Authority (CA). The DSC is a secure electronic signature that is used to sign documents electronically.

  1. Incorporation of LLP

The final step is to file the incorporation documents with the MCA. The incorporation documents include the DPIN, the LLP agreement, and the DSC. Once the incorporation documents are filed, the LLP is incorporated and becomes a legal entity.

Here is a brief explanation of each option:

  • Option A: 1, 3, 2, 4. This option is incorrect because it does not follow the correct sequence of steps. The DSC should be applied for after the LLP agreement is filed.
  • Option B: 3, 1, 4, 2. This option is incorrect because it does not follow the correct sequence of steps. The LLP agreement should be filed before the DSC is applied for.
  • Option C: 2, 1, 3, 4. This option is incorrect because it does not follow the correct sequence of steps. The DSC should be applied for after the LLP agreement is filed.
  • Option D: 1, 2, 3, 4. This option is correct because it follows the correct sequence of steps.
Exit mobile version