Public-Private Joint Venture LLP Registration in India

A Public-Private Joint Venture LLP (Limited Liability Partnership) is a hybrid business structure where the government partners with a private entity to achieve common business objectives. This model combines the efficiency of private enterprises with the support and regulatory framework of government involvement.

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Why Choose a Public-Private Joint Venture LLP?

Limited Liability Protection: Partners’ liability is limited to their agreed contributions.
Separate Legal Entity: LLPs have a distinct identity from their partners.
Tax Benefits: Enjoy tax exemptions and rebates based on government policies.
Operational Flexibility: Less compliance compared to a company.
Government Support: Increased trust and credibility in the business ecosystem.

Types of Public-Private Joint Venture LLP Registration

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Equity Joint Ventures

Both public and private entities contribute capital.

Sector-Specific LLPs

Government partners with private players in key industries like infrastructure, healthcare, education, etc.

Contractual Joint Ventures

No equity sharing, but a legal agreement binds both parties.

PPP (Public-Private Partnership) LLPs

Focuses on long-term infrastructure projects and services.

Step-by-Step Process of Registering a Domestic Joint Venture LLP

Step 1: Name Approval

Submit RUN-LLP (Reserve Unique Name) application on the MCA (Ministry of Corporate Affairs) portal.
Choose a unique and relevant LLP name.

Step 2: Obtain Digital Signatures (DSC)

Required for designated partners for online filing.
Apply through authorized certifying authorities.

Step 3: File Incorporation Documents

Fill FiLLiP (Form for Incorporation of LLP) on the MCA portal.
Attach required documents (discussed below).
Pay the prescribed fee.

Step 4: LLP Agreement Drafting & Submission

Draft a comprehensive LLP agreement.
File Form 3 within 30 days of incorporation.

Step 5: PAN, TAN & Bank Account

Apply for PAN & TAN from the Income Tax Department.
Open a dedicated bank account for business transactions.

Step 6: Business Licenses & Compliance

Register for GST (if applicable).
Obtain other sector-specific permits.

Documents Required for Public-Private
JV LLP Registration

For Partners

PAN Card & Aadhaar Card
Passport (for foreign partners)
Address Proof (Bank Statement, Utility Bill, or Driving License)
Digital Signature Certificate (DSC)

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For LLP Registration

LLP Name Approval Letter
Registered Office Address Proof (Rental Agreement or Utility Bill)
NOC (No Objection Certificate) from the property owner
LLP Agreement

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Tax Exemptions & Benefits for Public-Private LLPs

Tax Benefits: Eligible for tax incentives under government policies.
Ease of Fundraising: Access to public and private capital.
Regulatory Relaxations: Exemptions from certain stringent compliance norms.
Priority in Government Tenders: Preferred status in public projects.

Public-Private Joint Venture LLP Registration in India

Why Choose a Public-Private Joint Venture LLP?

Types of Public-Private Joint Venture LLP Registration