SECTION A: AGRICULTURE, HUNTING AND FORESTRY
DIVISION 01 : AGRICULTURE , HUNTING AND RELATED SERVICE ACTIVITIES
011 Growing of crops; market gardening; horticulture
0111 Growing of cereals and other crops n.e.c.
01111 Growing of food grain crops (cereals and pulses)
01112 Growing of oilseeds including peanuts or soya beans
01113 Growing of cotton and other vegetable textile fibre plants (Includes growing of
plant materials for plaiting, padding or stuffing or brushes or brooms)
01114 Growing of tobacco, including its preliminary processing
01115 Growing of sugarcane or sugar beet
01116 Growing of rubber trees; harvesting of latex and treatment on the plantation of the
liquid latex for the purpose of transport or preservation
01117 Growing of plants used chiefly in pharmacy or for insecticide, fungicidal or
similar purposes ( Includes growing of opium and ganja)
01118 Growing of Hina leaves [Mehandi]
01119 Growing of other crops, n.e.c. (Includes growing of potatoes, yams, sweet
potatoes or cassava; hop cones, chicory roots or roots and tubers with a high
starch or inulin content; growing of seeds of a kind used for sowing, growing of
forage plants including grasses and of crops not elsewhere classified)
0112 Growing of vegetables, horticultural specialties and nursery products
01121 Growing, in the open or under cover, of vegetables
01122 Growing of horticultural specialties including: seeds for flowers, fruit or
vegetables; un-rooted cuttings or slips; bulbs, tubers, tuberous roots, corns or
crowns. Also includes growing of flowers or flower buds
0113 Growing of fruit, nuts, beverage and spice crops
01131 Growing of coffee or cocoa beans
01132 Growing of tea or mate leaves including the activities of tea factories associated
with tea plantations. (Processing by independent units is classified under class
1549)
01133 Growing of edible nuts including coconuts
01134 Growing of fruit: citrus, tropical pome or stone fruit; small fruit such as berries;
other fruit such as avocados, grapes, dates or bread fruit etc. (Manufacture of
wine, when done at the same location where the grapes are grown is included, by
exception)
01135 Growing of spice crops including: spice leaves (e.g. bay, thyme, basil); spice
seeds (e.g. anise, coriander, cumin); spice flowers (e.g. cinnamon); spice fruit (e.g.
cloves); or other spices (e.g. nutmeg, ginger). Also includes growing of betel
leaves.
01136 Gathering of berries or nuts etc.
01139 Growing of fruit, nuts, beverage and spice crops, n.e.c.
012 Farming of animals
0121 Farming of cattle , sheep, goats, horses, asses, mules and hinnies; dairy farming
[includes stud farming and the provision of feed lot services for such animals]
01211 Cattle (including yak and buffalo) breeding, rearing and ranching etc.; production
of raw milk and bovine semen (Production of butter, cheese and other dairy
products as secondary activity does not change the classification of the unit)
Group Class Sub-
Class
Description
21
01212 Rearing of goats, production of milk
01213 Rearing of sheep; production of shorn wool
01214 Rearing of horses, camels, mules and other pack animals.
0122 Other animal farming; production of animal products n.e.c.
01221 Raising of pigs and swine
01222 Raising of poultry (including broiler) and other domesticated birds; production
of eggs and operation of poultry hatcheries
01223 Raising of bees; production of honey
01224 Raising of silk worms; production of silk worm cocoons (production of raw silk
is classified under class 1711)
01225 Farming of rabbits including angora rabbits
01229 Other animal farming; production of animal products n.e.c. (Includes: raising in
captivity of semi domesticated or wild live animals including birds and reptiles,
operation of worm farms, land mollusc farms, frog farms etc.)
013 0130 01300 Growing of crops combined with farming of animals (mixed farming). [This class
includes crop growing in combination with farming of animals such as sheep or
meat cattle at mixed activity units with specialisation ratio in either one of less
than 66 percent. ( Mixed cropping or mixed livestock units are classified
according to their main activity)]
014 0140 Agricultural and animal husbandry service activities, except veterinary
activities.[This class includes specialized activities, on a fee or contract basis,
mostly performed on the farm.]
01401 Operation of irrigation systems
01402 Soil conservation services, including soil testing and soil desalination services.
01403 Activities establishing a crop, promoting its growth or protecting it from disease
and insects. Transplantation of rice in rice fields. Horticultural and nursery
services.
01404 Harvesting and activities related to harvesting, such as preparation of crop by
cleaning, trimming, grading, drying, decorticating, retting, cooling or bulk
packaging. Includes cotton picking
01405 Cotton ginning, cleaning and baling
01406 Renting of agricultura l machinery with operators
01407 Activities to promote propagation, growth and output of animals and to obtain
animal products: artificial insemination, herd testing, poultry caponizing, coop
cleaning, dung gathering etc. Sheep dipping and shearing, egg cleaning and
grading, animal skinning and related activities. (Veterinary services are classified
under class 8520)
01408 Gardening activities
01409 Other agricultural and animal husbandry service activities, n.e.c.
015 0150 01500 Hunting, trapping and game propagation including related service activities
DIVISION 02 : FORESTRY, LOGGING AND RELATED SERVICE ACTIVITIES
020 0200 Forestry, logging and related service activities
02001 Growing of standing timber: planting, replanting, transplanting, thinning and
conserving of forests and timber tracts. Operation of tree nurseries.
02002 Logging: logging camps and loggers primarily engaged in felling timber and
producing wood in the rough such as pitprops, split poles, pickets, hewn railway
ties or fuel wood.
Group Class Sub-
Class
Description
22
02003 Gathering of tendu leaves
02004 Gathering of other wild growing forest materials (balatta and other rubber-like
gums; cork; lac, resins and balsams; vegetable hair and eel grass; acorns and
horse-chestnuts; mosses etc.) including fuel/fire wood.
02005 Forestry service activities: timber cruising, timber evaluation, fire fighting and
forest management including afforestation and re-forestation
02006 Logging service activities: transport of logs in association with logging chiefly
within the forest.
SECTION B : FISHING
DIVISION 05 : FISHING, OPERATION OF FISH HATCHERIES AND FISH FARMS; SERVICE
ACTIVITIES INCIDENTAL TO FISHING
050 Fishing, operation of fish hatcheries and fish farms; service activities incidental to
fishing
0501 Fishing
05011 Fishing on commercial basis in ocean, sea and coastal areas
05012 Fishing on commercial basis in inland waters.
0502 Fish Farming
05021 Gathering of marine materials such as natural pearls, sponges, coral and algae.
05022 Fish farming, breading and rearing including operations of hatcheries for fin and
shell fish, molluscs, acquatic plants and cultivation of oysters for pearls or food.
05023 Service activities related to marine and fresh water fisheries and to operators of
fish hatcheries or fish farms
SECTION C : MINING AND QUARRYING
DIVISION 10 : MINING OF COAL AND LIGNITE; EXTRACTION OF PEAT
101 1010 Mining and agglomeration of hard coal [Includes under ground or open-cut
mining of anthracite, bituminous or other hard coal; cleaning, sizing, pulverizing
and other operations to improve the quality; operations to recover hard coal from
culm banks; manufacture of briquettes or other solid fuels consisting chiefly of
hard coal and in-situ gasification of coal.]
10101 Open cut (strip) mining of coal
10102 Underground mining of coal
10103 Cleaning, sizing and pulverizing of coal
10104 Manufacture of brickade or other solid fuels containing chiefly coal
10109 Other activities relating to mining and agglomeration of hard coal
102 1020 Mining and agglomeration of lignite [Includes under ground or open-cut mining
of lignite (brown coal); cleaning, sizing, pulverizing and other operations to
improve the quality; and manufacture of briquettes or other solid fuels
consisting chiefly of lignite.]
10201 Mining and agglomeration of lignite from open cut mines
10202 Mining and agglomeration of lignite from underground
10203 Cleaning, sizing and pulverizing of lignite
10204 Manufacture of brickade or other solid fuels containing chiefly lignite
10209 Other operations relating to mining and agglomeration of lignite
Group Class Sub-
Class
Description
23
103 1030 10300 Extraction and agglomeration of peat [incl. digging of peat]
DIVISION 11 : EXTRACTION OF CRUDE PETROLEUM AND NATURAL GAS; SERVICE ACTIVITIES
INCIDENTAL TO OIL AND GAS EXTRACTION EXCLUDING SURVEYING
111 1110 Extraction of crude petroleum and natural gas [including liquefaction/
regasification of natural gas for purposes of transport and the production, at the
mining site, of hydrocarbons from oil or gas field gases ]
11101 Off shore extraction of petroleum
11102 On shore extraction of petroleum
11103 Off shore extraction of natural gas
11104 On shore ext raction of natural gas
112 1120 Service activities incidental to oil and gas extraction excluding surveying [ This
class includes oil and gas field service activities provided on a fee or contract
basis, including: directional drilling; “spudding in”; derrick building; repairing
and dismantling; cementing oil and gas well casings; pumping wells; and other
service activities. Oil and gas field exploration and geo-physical, geological and
seismic surveying are classified in class 7421(Architectural and engineering
activities and related technical consultancy)]
11201 Services incidental to off shore oil extraction
11202 Services incidental to on shore oil extraction
11203 Services incidental to off shore gas extraction
11204 Services incidental to on shore gas extraction
DIVISION 12 : MINING OF URANIUM AND THORIUM ORES
120 1200 12000 Mining of uranium and thorium ores (e.g. pitchblende), including concentrating
of such ores
DIVISION 13 : MINING OF METAL ORES
[ This Division includes the extraction of metal ores, the term ‘ores’ being applied to metalliferrous minerals
associated with the substance in which they occur and with which they are extracted from the mine.
Preparation of ores, most important by ‘concentration’, for further metallurgical operations. ]
131 1310 13100 Mining of iron ores [includes mining of hematite, magnetite, limonite, siderite or
taconite etc. which are valued chiefly for iron content. Production of sintered
iron ores is also included].
132 1320 Mining of non-ferrous metal ores, except uranium and thorium ores
13201 Mining of manganese ore
13202 Mining of chromium ores
13203 Mining of aluminium ores (bauxite)
13204 Mining of precious metal ores (gold)
13205 Mining of copper ores
13206 Mining of lead and zinc ores
13209 Mining of other non-ferrous metal ores, n.e.c. [titanium ( ilmenite and rutile) ,
niobium, tantalum, vanadium or zirconium ores; tin bearing ores; and, nickel,
cobalt, tungsten, molybdenum, antimony and other non-ferrous metal ores]
Group Class Sub-
Class
Description
24
DIVISION 14 : OTHER MINING AND QUARRYING
141 1410 Quarrying of stone, sand and clay
14101 Quarrying of marble
14102 Quarrying of granite
14103 Quarrying of slate and building and monumental stone other than marble and
granite
14104 Mining of dolomite
14105 Mining of gypsum including selenite
14106 Operation of sand or gravel pits, basalt / porphyry, clay (ordinary ) , crushing
and breaking of stone for use as a flux or raw material in lime or cement
manufacture or as building material, road metal or ballast and other materials for
construction.
14107 Mining/quarrying of limestone, limeshell, ‘kankar’ and other calcareous minerals
including calcite, chalk and shale.
14108 Mining of clays (kaolin, ball clay, wollastonite, bentonite, fuller’s earth, fire clay
etc.)
14109 Mining of refractory non-clay minerals (andalusite, kyanite, sillimanite, dunite
diaspore, magnesite and pyrophyllite).
142 Mining and quarrying , n.e.c.
1421 Mining of chemical and fertilizer minerals
14211 Mining of native sulphur or pyrites and pyrrhotites valued chiefly for sulphur
14212 Mining of natural phosphate including apatite minerals.
14213 Mining of earth colours (ochre including red oxide).
14214 Mining of fluorspar
14215 Mining of barytes
14219 Mining of potash bearing salts/minerals; borate minerals and other fertiliser and
chemical minerals n.e.c.
1422 Extraction of salt. [Includes salt mining, crushing and screening and salt
production by solar evaporation of sea water, lake brine or other natural brines.]
14221 Salt mining, quarrying, screening etc.
14222 Production of Salt by evaporating of pans
1429 Other mining and quarrying n.e.c.
14291 Mining of gemstones (agate, diamond, emerald, garnet (gem), jasper, rubby/
saphire etc.
14292 Mining and quarrying of abrasive materials (pumice stone, emery, corundum,
garnet and other natural abrasives)
14293 Mining of mica
14294 Mining of natural graphite
14295 Mining of asbestos
14296 Mining of vermiculite, perlite and chlorites
14297 Mining of felspar and silica minerals including quartz, quartzite and fuch.
quartzite.
14298 Mining of talc/ steatite
14299 Mining of laterite, diatomite and silicious fossil meals (e.g. diatomite); and other
natural fluxes; natural asphalt or bitumen and other mining, not elsewhere
classified
Group Class Sub- ss
Description
25
SECTION D:

Group Class Sub-
Class
Description
25
SECTION D: MANUFACTURING
DIVISION 15 : MANUFACTURE OF FOOD PRODUCTS AND BEVERAGES
151 Production, processing and preservation of meat, fish, fruit vegetables, oils and
fats.
1511 Production, processing and preserving of meat and meat products.
15111 Mutton-slaughtering, preparation
15112 Beef-slaughtering, preparation
15113 Pork-slaughtering, preparation
15114 Poultry and other slaughtering, preparation
15115 Preservation of meat except by canning
15116 Processing and canning of meat
15117 Rendering and refining of lard and other edible animal fats
15118 Production of flours and meals of meat and meat offals
15119 Production, processing and preserving of other meat, meat products, n.e.c.
1512 Processing and preserving of fish and fish products [fishing and processing of the
catch aboard the fisher boats are classified in class 0500 whereas activities of
vessels engaged only processing and preserving are classified under this class]
15121 Sun-drying of fish
15122 Artificial dehydration of fish and sea food
15123 Radiation preservation of fish and similar food
15124 Processing and canning of fish
15125 Manufacturing of fish meal
15126 Processing and canning of frog legs
15127 Processing and preserving of fish crustacean and similar foods
15129 Processing & preserving of other fish and fish products, n.e.c.
1513 Processing and preserving of fruit, vegetables and edible nuts
15131 Sun-drying of fruit and vegetables
15132 Artificial dehydration of fruit and vegetables
15133 Radiation preservation of fruit and vegetables
15134 Manufacturing of fruit/vegetable juices and their concentrates, squashes and
powder
15135 Manufacture of sauces, jams, jellies and marmalades
15136 Manufacture of pickles, chutneys, murabbas etc.
15137 Canning of fruit and vegetables
15138 Manufacture of potato flour & meals and prepared meals of vegetables
15139 Fruit and vegetables preservation n.e.c. (including preservation by freezing and
roasting of nuts. )
1514 Manufacture of vegetable and animal oils and fats [Wet corn milling and
production of corn oil is classified in Class 1532 and treatment of oils and fats by
chemical processing is classified in Class 2429]
15141 Manufacture of hydrogenated oils and vanaspati ghee etc.
15142 Manufacture of vegetable oils and fats (excluding corn oil)
15143 Manufacture of vegetable oils and fats through solvent extraction process
15144 Manufacture of animal oils and fats (Rendering and refining of lard and other
animal fats are classified in Class 1511]
Group Class Sub-
Class
Description
26
animal fats are classified in Class 1511]
15145 Manufacture of fish oil
15146 Manufacture of cakes & meals incl. residual products, e.g. Oleostearin,
Palmstearin
15147 Manufacture of non-defatted flour or meals of oilseeds, oilnuts or kernels
15149 Manufacture of other vegetables and animal oil & fats, n.e.c.
152 1520 Manufacture of dairy product [production of raw milk is classified in class 0121]
15201 Manufacture of milk powder, ice-cream powder and condensed milk except baby
milk foods
15202 Manufacture of baby milk foods
15203 Manufacture of butter, cream, ghee, cheese and khoya etc.
15204 Manufacture of pasteurised milk whether or not in bottles/ polythene packs etc.
(plain or flavoured)
15205 Manufacture of ice-cream and kulfi etc.
15209 Manufacture of other dairy products, n.e.c.
153 Manufacture of grain mill products, starches and starch products, and prepared
animal feeds
1531 Manufacture of grain mill products [Manufacture of potato flour and meal is
classified in class 1513. Production of corn oil is classified in Class 1532 ]
15311 Flour milling
15312 Rice milling
15313 Dal milling
15314 Processing and grinding of grain other than floor, rice & dal
15315 Vegetable milling, flour or meal of dried leguminous vegetables of roots or tubers
or of edible nuts
15316 Manufacture of breakfast foods obtained by roasting or swelling cereal grains
15317 Manufacture of prepared, blended flour, wet flour for food preparation and dough
for bread, cake, etc.
15318 Manufacture of other readymade mixed powders like idli, gulabjamun etc.
15319 Other grain milling and processing activities like manufacturing of poha/ muri etc,
n.e.c.
1532 Manufacture of starches and starch products
15321 Manufacture of starch
15322 Manufacture of sago and sago products
15323 Manufacture of glucose & glucose syrup, maltose
15324 Manufacture of gluten
15325 Manufacture of tapioca substitutes prepared from starch
15326 Manufacture of corn oil
15329 Manufacture of other starch products n.e.c.
1533 Manufacture of prepared animal feeds
15331 Manufacture of cattle feed
15332 Manufacture of poultry feed
15339 Manufacture of other animal and bird feed n.e.c.
154 Manufacture of other food products
1541 Manufacture of bakery products
15411 Bread ma king
Group Class Sub-
Class
Description
27
15412 Manufacture of biscuits, cakes and pastries
15419 Manufacture of other bakery products n.e.c.
1542 Manufacture of sugar [manufacture of glucose and other sugars made from
starches is classified in class 1532]
15421 Manufacture and refining of sugar (vacuum pan sugar factories)
15422 Manufacture of `gur’from sugar cane
15423 Manufacture of `gur’from other than sugar cane
15424 Manufacture of `khandsari’ sugar from sugar cane
15425 Manufacture of `khandsari’ sugar other than from sugar cane
15426 Manufacture of `boora’ and candy from sugar cane
15427 Manufacture of `boora’and candy other than from sugar cane
15428 Manufacture of molasses
15429 Manufacture of other indigenous sugar cane/sugar beet/palm juice products n.e.c.
1543 Manufacture of cocoa, chocolate and sugar confectionery
15431 Manufacture of cocoa products
15432 Manufacture of sugar confectionery (except sweetmeats)
15433 Manufacture of sweetmeats
15434 Manufacture of chewing gum
15435 Preserving in sugar of fruits, nuts, fruit peals and other parts of plants
15439 Other activities relating to manufacture of cocoa, chocolate and sugar
confectionery n.e.c.
1544 15440 Manufacture of macaroni, noodles, couscous and similar farinaceous products
1549 Manufacture of other food products n.e.c.
15491 Processing and blending of tea including manufacture of instant tea (activities of
tea factories associated with tea plantations are classified in class 0113)
15492 Coffee curing, roasting, grinding and blending etc. including manufacture of
instant coffee, chicory and other coffee substitutes, essence of concentrates of
coffee.
15493 Processing of edible nuts
15494 Manufacture of malted foods including food for infants and invalids
15495 Grinding and processing of spices
15496 Manufacture of papads appalam and similar food products
15497 Manufacture of vitaminised high protein flour, frying of dals & other cereals
15499 Other semi-processed, processed or instant foods n.e.c. except farinaceous
products and malted foods and manufacturing activities like manufacture of egg
powder, sambar powder etc. (this excludes the activities covered under 15319)
155 Manufacture of beverages
1551 Distilling, rectifying and blending of spirits; ethyl alcohol production from
fermented materials
15511 Manufacture of country liquor
15519 Distilling, rectifying and blending of spirits; ethyl alcohol production from
fermented materials n.e.c. (other than soft drinks, mineral water & wine)
1552 15520 Manufacture of wines
1553 Manufacture of malt liquors and malt
Group Class Sub-
Class
Description
28
15531 Manufacture of beer
15532 Manufacture of malt liquors other than beer
15533 Manufacture of malt
15539 Manufacture of malt liquors and malt n.e.c.
1554 Manufacture of soft drinks; production of mineral waters
15541 Manufacture of aerated drinks
15542 Manufacture of synthetic flavored concentrates and syrups
15543 Manufacture of mineral water
15544 Manufacture of Ice.
15545 Manufacture of soft drinks
15549 Manufacture of other non-alcoholic beverages n.e.c.
DIVISION 16: MANUFACTURE OF TOBACCO PRODUCTS
160 1600 Manufacture of tobacco products [ tobacco related products are also included
while preliminary processing of tobacco leaves is classified in class 0111]
16001 Tobacco stemming, redrying etc. of tobacco leaf.
16002 Manufacture of bidi
16003 Manufacture of cigarette and cigarette tobacco
16004 Manufacture of cigars and cheroots
16005 Manufacture of snuff
16006 Manufacture of `zarda’
16007 Manufacture of catechu(katha) and chewing lime
16008 Manufacture of pan masala and related products.
16009 Manufacture of other tobacco products including chewing tobacco n.e.c.
DIVISION: 17: MANUFACTURE OF TEXTILES
171 Spinning, weaving and finishing of textiles.
1711 Preparation and spinning of textile fiber including weaving of textiles (excluding
khadi/handloom)
17111 Preparation and spinning of cotton fiber including blended* cotton (please note:
ginning/pressing, baling activities are included in Class 0140).
17112 Preparation and spinning of silk fiber including blended* silk.
17113 Preparation and spinning of wool, including other animal hair and blended* wool
including other animal hair.
17114 Preparation and spinning of man-made fiber including blended* man-made fiber.
17115 Weaving, manufacture of cotton and cotton mixture fabrics.
17116 Weaving, manufacture of silk and silk mixture fabrics.
17117 Weaving, manufacture of wool and wool mixture fabrics.
17118 Weaving, manufacturing of man-made fiber and man-made mixture fabrics.
17119 Preparation, spinning and weaving of jute, mesta and other natural fibers including
blended natural fibers n.e.c.
*Blended yarn/fabrics means, yarn/fabrics containing more than 50% of one fiber.
Group Class Sub-
Class
Description
29
1712 Finishing of textile excluding khadi/handloom (This class includes finishing of
textiles of Class 1711 by operations such as bleaching, dyeing, calendering,
napping, shrinking or printing. No distinction is to be made between these
activities carried out on a fee or contract basis or by purchasing the material and
selling the finished products).
17121 Finishing of cotton and blended cotton textiles.
17122 Finishing of silk and blended silk textiles.
17123 Finishing of wool and blended wool textiles.
17124 Finishing of man-made and blended man-made textiles.
17125 Finishing of jute, mesta and other vegetable textiles fabrics.
17126 Activity related to screen printing
17129 Other activities relating to finishing of textile n.e.c.
1713 Preparation and spinning of textile fiber including weaving of textiles
(khadi/handloom)
17131 Cotton spinning through charkha
17132 Weaving of cotton khadi
17133 Weaving of cotton textiles on handlooms
17134 Spinning of wool and silk through charkha
17135 Weaving of woollen and silk khadi
17136 Weaving of wool and silk on handlooms
17137 Weaving of artificial/synthetic textile fabrics on handlooms
17139 Preparation and spinning of textile fibre including weaving of textiles
(khadi/handloom), n.e.c.
1714 Finishing of textiles (khadi/handloom)
17141 Bleaching, dyeing and finishing of cotton cloth and yarn by hand
17142 Printing of cloth by hand
17143 Bleaching, dyeing and finishing of woollen textiles by hand
17144 Bleaching, dyeing, printing and finishing of silk textiles by hand
17145 Bleaching, dyeing, printing and finishing of artificial/synthetic textile fabrics by
hand
17149 Finishing of textiles (khadi/handloom), n.e.c.
172 Manufacture of other textiles
1721 Manufacture of made-up textile articles, except apparel
17211 Manufacture of curtains, bed-covers and furnishings.
17212 Manufacture of crocheted made up textile goods, except apparel
17213 Manufacture of mosquito nets
17214 Manufacture of bedding, quilts, pillows, cushions and sleeping bags (manufacture
of coir foam mattresses and pillows is classified in class 3610)
17215 Manufacture of tarpaulin
17219 Manufacture of other made up textile goods except apparel n.e.c.
1722 Manufacture of carpet and rugs other than by hand [manufacture of linoleum and
other hard surface floor coverings is classified in class 3699]
17221 Manufacture of blankets shawls
17222 Manufacture of cotton carpets
17223 Manufacture of woollen carpets
17224 Manufacture of silk carpets
Group Class Sub-
Class
Description
30
17225 Manufacture of durries, druggets and rugs
17226 Manufacture of carpets, rugs and other covering of jute, mesta and coir
17229 Manufacture of other floor coverings (including felt) of textile, sannhemp and
other kindred fibres n.e.c.
1723 Manufacture of cordage, rope, twine and netting
17231 Manufacture of thread, including thread ball making
17232 Manufacture of jute/hemp rope and cordage
17233 Manufacture of coir rope and cordage
17234 Manufacture of other rope and cordage other of jute/mesta and coir
17235 Manufacture of nets(except mosquito net)
17236 Manufacture of tapes, newar and wicks
17239 Manufacture of other cordage, rope nets etc n.e.c.
1724 Embroidery work, zari work and making of ornamental trimmings by hand
17241 Embroidery work by hand
17242 Zari work by hand
17243 Making of laces and fringes by hand
17249 Making of other ornamental trimmings by hand, n.e.c.
1725 Manufacture of blankets, shawls, carpets, rugs and other similar textile products
by hand
17251 Manufacture of blankets and shawls by hand
17252 Manufacture of cotton carpets by hand
17253 Manufacture of woollen carpets by hand
17254 Manufacture of silk carpets by hand
17255 Manufacture of durries, druggets and rugs by hand
17259 Manufacture of blankets, shawls, carpets, rugs and other similar textile products
by hand, n.e.c.
1729 Manufacture of other textiles n.e.c.
17291 Embroidery work and making of laces and fringes other than by hand
17292 Zari work and making of other ornamental trimmings other than by hand
17293 Manufacture of linoleum and similar products
17294 Manufacture of gas mantles
17295 Manufacture of made-up canvas goods such as tents and sails etc.
17296 Manufacture of wadding of textile materials and articles of wadding such as
sanitary towels and tampons
17297 Manufacture of metallised yarn or gimped yarn; rubber thread or cord covered
with textile material; Textile yarn or strip, impregnated, covered or sheathed with
rubber or plastics
17298 Manufacture of waterproof textile excluding Tarpaulin.
17299 Manufacture of other textiles/textile products n.e.c.
173 1730 Manufacture of knitted and crocheted fabrics and articles
17301 Manufacture of knitted and crocheted cotton textile products
17302 Manufacture of knitted and crocheted woolen textile products
17303 Manufacture of knitted and crocheted synthetic textile products
17309 Manufacture of knitted and crocheted textile products n.e.c.
Group Class Sub-
Class
Description
31
DIVISION: 18: MANUFACTURE OF WEARING APPAREL; DRESSING AND DYEING OF FUR
181 1810 Manufacture of wearing apparel, except fur apparel [this class includes
manufacture of wearing apparel made of material not made in the same unit.
Both regular and contract activities are included]
18101 Manufacture of all types of textile garments and clothing accessories
18102 Manufacture of rain coats of waterproof textile fabrics or plastic sheetings
18103 Manufacture of hats and caps from waterproof
18104 Manufacture of wearing apparel of leather and substitutes of leather
18105 Custom Tailoring
18109 Manufacture of wearing apparel n.e.c.
182 1820 Dressing and dyeing of fur; manufacture of articles of fur
18201 Scraping, curying, tanning, bleaching and dyeing of fur and other pelts for the
trade
18202 Manufacture of wearing apparel of fur and pelts
18203 Manufacture of fur and skin rugs and other similar articles
18204 Embroidering and embossing of leather articles
18205 Stuffing of animals’ and birds’ hides
18209 Manufacture of other leather and fur products n.e.c.
DIVISION 19: TANNING AND DRESSING OF LEATHER; MANUFACTURE OF LUGGAGE,
HANDBAGS SADDLERY, HARNESS AND FOOTWEAR
191 Tanning and dressing of leather, manufacture of luggage handbags, saddlery &
harness.
1911 Tanning and dressing of leather
19111 Flaying and curing of raw hides and skins
19112 Tanning and finishing of sole leather
19113 Tanning and finishing of industrial leather
19114 Vegetable tanning of light leather
19115 Crome tanning of leather
19116 Finishing of upper leather, lining leather and garment leather etc.
19119 Other tanning, curing, finishing, embossing and japanning of leather n.e.c.
1912 Manufacture of luggage, handbags, and the like, saddlery and harness
19121 Manufacture of travel goods like suitcases, bags and holdalls etc.
19122 Manufacture of purses and other ladies’handbags, artistic leather presented
articles and novelties etc.
19123 Manufacture of saddlery and harness
19129 Manufacture of other consumer goods of leather and substitutes of leather, n.e.c.
192 1920 Manufacture of footwear.
19201 Manufacture of footwear (excluding repair) except of vulcalized or moulded
rubber or plastic. This class includes manufacture of leather shoes, leather
sandals and chappals, leather-cum-rubber/plastic cloth sandals and chappals
made by and or by any process.
19202 Manufacture of footwear made primarily of vulcalized or moulded rubber and
plastic. This class includes manufacture of rubber footwear, plastic & PVC,
canvas -cum-rubber/plastic footwear etc. including sports footwear.
19209 Manufacture of other footwear n.e.c.
Group Class Sub-
Class
Description
32
DIVISION 20 : MANUFACTURE OF WOOD AND OF PRODUCTS OF WOOD AND CORK,EXCEPT
FURNITURE;MANUFACTURE OF ARTICLES OF STRAW AND PLATING
MATERIALS
201 2010 Saw milling and planing of wood
20101 Sawing and planing of wood (other than plywood)
20102 Manufacture of unassembled wood flooring, including parquet flooring
20103 Manufacture of railway sleepers
20109 Activities relating to saw milling and planning of wood n.e.c.
202 Manufacture of products of wood, cork, straw and plaiting materials
2021 Manufacture of veneer sheets; manufacture of plywood, laminboard, particle
board and other panels and boards
20211 Manufacture of plywood and veneer sheets
20212 Manufacture of flush doors and other boards or panels
20213 Manufacture of particle board, fiber board, incl. Densified wood
20219 Manufacture of other plywood products n.e.c.
2022 Manufacture of builders’ carpentry and joinery
20221 Manufacture of structural wooden goods (including treated timber) such as beams,
posts, doors and windows (excluding hewing and rough shaping of poles, bolts
and other wood material which is classified under logging)
20222 Manufacture of prefabricated buildings predominantly of wood.
20229 Manufacture of builder’s carpentary and joinery n.e.c.
2023 Manufacturing of wooden containers
20231 Manufacture of wooden boxes, barrels etc. (except plywood)
20232 Manufacture of plywood chests
20233 Manufacture of market basketry, grain storage bins, ration baskets including
baskets made-up from rachis (toddy tree) and similar product made from bamboo
and reed etc.
20239 Manufacture of other wooden containers and products made entirely or mainly of
cane, rattan, bamboo, willow, fibres, leaves and grass n.e.c.
2029 Manufacture of other products of wood, manufacture of articles of cork, straw and
plaiting materials
20291 Manufacture of wooden industrial goods
20292 Manufacture of cork and cork products
20293 Manufacture of bamboo and cane article and fixture of bamboo, cane, reed and
grass products (thatching etc.)
20294 Manufacture of broomsticks
20295 Manufacture of wooden agricultural implements
20296 Manufacture from cane and bamboo of shopping bags, ornament boxes, costume
articles, trays, table lamps, fancy baskets, table mats, tumbler and vessel holders
and other household utilities
20297 Manufacture of articles made of palm leaf, dhak leaf, screw-pine leaf and khajoor
leaf; articles of vegetables fibre etc,.
20298 Manufacture of products of pith and shalapith
20299 Manufacture of other wood products n.e.c. (including wooden tools, handles, etc.
ornaments and household products)
Group Class Sub-
Class
Description

How to correct Master Data

Dear Customer,

Thank you for using the Helpdesk facility on MCA21 Portal.

You are advised to get your Master Data corrected. To correct the details of the company, please follow the following procedure:-

1. To access Master Company Data click “Company Master Data” link on the Home of MCA21 portal.
2. Enter the Company Name or CIN of the Company.
3. Click the Submit button in case CIN is entered.
4. Press the “Search” button in case CIN is not available after entering the first few
Characters in Company Name field.
5. List of companies would appear. Select your company by clicking the ‘Select’ button.
6. CIN of the Company with Company Name shall be displayed on the screen.
7. Click the Submit button once CIN is displayed.
8. System shall display the Company master data.
9. Verify the Master data of the company. If any correction is required in the master
details, click the ‘Print’ button.
10. Master data shall be displayed in a tabular form. Take the print out of the same.
11. Enter the correct data against the appropriate field in the verification Column.
12. Enclose a copy of the evidence supporting such correction and send the same by post to the concerned Registrar of Companies (Registrar Address is also displayed on the printed page) in an envelope super-scribed 'Master Company Data Correction'.
13. Upon receipt of your request, the ROC would arrange to get the requisite corrections made after verification of the supporting evidence.

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LLP Formation check lists

LLP FORMATION

Key Incorporation Requirement
Partners
Contribution
Designated Partners
Designated Partners Identification Number
Digital Signature Certificate
LLP Name
LLP Agreement
Registered Office
Partner
There should be atleast 2 persons (natural or artificial) are required to form a LLP. In case any Body Corporate is a partner, than he will be required to nominate any person (natural) as its nominee for the purpose of the LLP.
Following can become a partner in the LLP
Company incorporated in and outside India
LLP incorporated in & outside India
Individuals resident in & outside India
Contribution
In case of LLP, there is no concept of any share capital but every partner is required to contribute towards the LLP in some manner. The said contribution can be tangible, movable or immovable or intangible property or other benefit to the limited liability partnership, including money, promissory notes, and other agreements to contribute cash or property, and contracts for services performed or to be performed.
In case the contribution is in intangible form, the value of the same shall be certified by a practicing Chartered Accountant or by a practicing Cost Accountant or by approved valuer from the panel maintained by the Central Government. The monetary value of contribution of each partner shall be accounted for and disclosed in the accounts of the limited liability partnership in the manner as may be prescribed.
The LLP Agreement must specify the contribution intended to be paid by all the members and the form in which it will be paid.
Designated Partners
‘Designated Partner’ means a partner who is designated as such in the incorporation documents or who become a designated partner by and in accordance with the Limited Liability Partnership Agreement.
Every limited liability partnership shall have at least two designated partners who are individuals and at least one of them shall be a resident in India
Provided that in case of a limited liability partnership in which all the partners are bodies corporate or in which one or more partners are individuals and bodies corporate, at least two individuals who are partners of such limited liability partner­ship or nominees of such bodies corporate shall act as designated partners.
Designated Partner shall be:
Responsible for the doing of all acts, matters and things as are required to be done by the limited liability part­nership in respect of compliance of the provisions of this Act including filing of any document, return, statement and the like report pursuant to the provisions of this Act and as may be specified in the limited liability partnership agreement; and
Liable to all penalties imposed on the limited liabili­ty partnership for any contravention of those provisions.
Explanation.—for the purposes of this section, the term “resi­dent in India” means a person who has stayed in India for a period of not less than one hundred and eighty-two days during the immediately preceding one year.
Designated Partners Identification Number (DPIN)
Every Designated Partner is required to obtain a DPIN from the Central Government.
DPIN is an eight digit numeric number allotted by the Central Government in order to identify a particular partner and can be obtained by making an online application in Form 7 to Central Government and submitting the physical application along with necessary identity and Address proof of the person applying with prescribed fees. However if an individual already holds a DIN (Director Identification Number), the same number could be allotted as your DPIN also. For that the users while submitting Form 7 needs to fill their existing DIN No. in the application.
It is not necessary to apply Designated Partner Identification Number every time you are appointed partner in a LLP, once this number is allotted it would be used in all the LLP’s in which you will be appointed as partner.
Digital Signature Certificate
All the forms like eForm 1, eForm 2, eForm 3 etc which are required for the purpose of incorporating the LLP are filed electronically through the medium of Internet. Since all these forms are required to be signed by the partner of the proposed LLP and as all these forms are to be filed electronically, it is not possible to sign them manually. Therefore, for the purpose of signing these forms, at least one of the Designated Partner of the proposed LLP needs to have a Digital Signature Certificate (DSC).
The Digital Signature Certificate once obtained will be useful in filing various forms which are required to be filed during the course of existence of the LLP with the Registrar of LLP.
LLP Name
Selection of the name for the proposed LLP to be incorporated is one of the important processes of the entire incorporation process, ideally the name of the LLP should be such which represents the business or activity intended to be carried on by the LLP. Before selecting the name of the LLP, it is necessary to evaluate the proposed name under the following given criteria:
LLP with Similar Name: The proposed name of the LLP should not be similar to the name of the Company or LLP , which is already registered in India.For example:
Name of Company already registered: Oasis Water Treatments Pvt Ltd
Name of Proposed LLP: Oasis Water Treatment LLP
Whether Proposed Name would be available: No
Prohibited Word: The Ministry of Corporate Affairs of India has prescribed certain words, which should not form part of the name of LLP intended to be incorporated in India, such words are prohibited under The Emblems and Names (Prevention of improper use) Act, 1950.
Words Based on Approval: Various government regulatory authorities operating in India like Securities & Exchange Board of India, Reserve Bank of India, has prescribed certain words, which if forms part of the name of the proposed LLP to be incorporated, requires there first hand approval.
Names reserved for Foreign LLP/Companies: In case Foreign LLP/Companies have reserved their name under rule 18 of the LLP Rules 2009, than that name will not be applicable for forming of LLP to persons other than the Foreign LLP/Company


WORDS WHICH ARE PROHIBITED


Words
Reasons


National, Union, Central, Federal, Republic, President, Rasthrapathi, Small Scale Industries, Cottage Industries, Financial Corporations, Municipality, Panchayat or any other word imparting connection Union or State Government
It signifies Government Patronage or Participation


State together with the name of Particular State for e.g. Delhi state corporations Ltd
It gives an impression that the state is also participating in the paid up share capital of the company


Ashoka Chakra, Dharma Chakra, Name of Parliament , State Legislature
Prohibited Under Emblems & Names (Prevention of Improper Use ) Act, 1955


Rama Krishna Math, Ramakrishna Sarada Mission, Bharat Scouts, Interpol
Prohibited Under Emblems & Names (Prevention of Improper Use ) Act, 1955


Chhatarpait Shivaji Maharaj, Mahatma Gandhi or the name of any Prime Minister/President of India
Prohibited Under Emblems & Names (Prevention of Improper Use)Act,1955






WORDS WHICH REQUIRES APPROVALS
Proposed Words
Approval Required
Venture Capital/Venture Capital Company/Venture Capital Fund/Venture Capital Finance Company
Department of Economic Affairs/ SEBI
Stock Exchange/Mutual Funds
Securities Exchange Board of India (SEBI)
Name belongs to registered trade mark
Owner of the registered trade mark
Bank, Banking
Reserve Bank of India (RBI)
Insurance
Insurance Development Regularity Authority of India (IDRA)

LLP Agreement
For the purpose of forming a LLP, there should be agreement between the partners interested in forming the LLP to be known as LLP Agreement. The said Agreement forms the basis of the formation of LLP and lays down its founding structure. The LLP agreement is an agreement between the Partners and between the LLP & its partners.
The basic contents of Agreement are:
Name of LLP
Name of Partners & Designated Partners
Form of contribution
Profit Sharing ratio
Rights & Duties of Partners
In case no agreement is entered into, the rights & duties as prescribed under Schedule I to the LLP Act shall be applicable. It is possible to amend the LLP Agreement but every change made in the said agreement must be intimated to the Registrar of Companies.
Registered Office
The Registered office of the LLP is the place where all correspondence related with the LLP would take place, though the LLP can also prescribe any other for the same. A registered office is required for maintaining the statutory records and books of Account of LLP.
At the time of incorporation, it is necessary to submit proof of ownership or right to use the office as its registered office with the Registrar of LLP.

INCOPRORATION FLOWCHART







Incorporation Procedure
•
Step I Deciding the Partners and Designated Partners

A LLP can be incorporated with a minimum of atleast two partners who can be Individuals or Body Corporate through their nominees. Further for incorporating an LLP, of the total number no. of partners, atleast two shall be Designated Partners, of which atleast one must be an Indian Resident.
Parameters for deciding the Partners and Designated Partners:
Atleast Two Partners; Individuals or Body Corporate through individual nominees.
Minimum of Two Individuals as Designated Partners, of total no. of Partners.
Atleast One Designated Partner to be Resident Indian.
A person ‘Resident in India’ means a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one year. (Explanation to Section-7())
‘Designated Partner’ means a partner who is designated as such in the incorporation documents or who become a designated partner by and in accordance with the Limited Liability Partnership Agreement
•
Step II Obtaining DPIN No. & Digital Signature

Designated Partner Identification Number (DPIN): Section 7 (6) of LLP Act 2008, provides that every Designated Partner to obtain a DPIN from the Central Government.
DPIN is an eight digit numeric number allotted by the Central Government in order to identify a particular partner and can be obtained by making an online application in eForm 7 to Central Government and submitting the physical application along with necessary identity and Address proof of the person applying with prescribed fees.
Digital Signature Certificate: As all the documents and forms required for incorporating an LLP in India to be filed electronically and under the signatures of Designated Partners, thus atleast one Designated Partner to obtain the digital signature certificates from government recognized DSA’s. The signatures shall also be required for signing and filing of all relevant forms and documents to be filed, annually or event based after incorporation of the LLP, asking for approvals or as intimation.
Likewise the manual signatures, digital signature certificates are individual specific and no partner needs to obtain more than one.
•
Step III Checking the Name Availability

The next step is to decide the name for the proposed LLP to be incorporated, anyone intending to incorporate an LLP has to evaluate his proposed name under the prescribed parameters and make an application in Form 1of Rule 18(5) of the Limited Liability Partnership Act 2008, for reservation of the desired name.
The name of the limited liability partnership shall not be similar or identical with Company or LLP already registered in India and it should not contains words prohibited under the ‘Emblems and Names (Prevention of improper use) Act, 1950’or which are also not ‘Undesirable’ in the opinion of Central Government or which satisfies the conditions prescribed under rule 18(2). For more information check Name Availability Guidelines.
In case any Body Corporate is partner, copy of Board resolution authorizing the incorporation of LLP shall be attached

•
Step IV Drafting of LLP Agreement

The next pertinent step is drafting of Limited Liability Partnership Agreement governing the mutual rights and duties among the partners and among the LLP and its partners.
The basic contents of Agreement are:
Name of LLP
Name of Partners & Designated Partners
Form of contribution
Profit Sharing ratio
Rights & Duties of Partners
Proposed Business
Rules for governing the LLP
In case no agreement is entered into, the rights & duties as prescribed under Schedule I to the LLP Act shall be applicable
It is not necessary to have the LLP Agreement signed at the time of incorporation, as the details of the same needs to field in eform 3 within 30 days of incorporation but in order to avoid any dispute between the partners as to the terms & conditions of the agreement after the formation of LLP, it is always beneficial to have the LLP Agreement drafted and executed before the incorporation of the LLP.
In case the Agreement is executed outside India, than it must be notarized and consularized, for more information check “Incorporation of LLP” under FAQ’s
•
Step V Filing of Incorporation Documents

Next is the filing of Incorporation documents, consent of Partners and declaration electronically through the medium of e-forms prescribed with the Registrar of LLP for incorporation of the LLP on payment of prescribed fees based on the total monetary value of contribution of partners in the proposed LLP.
eForm 2: Incorporation Document
This is an informative document setting down the details of LLP, its Partners including designated partners along with their amount of contribution and consent for forming a Limited Liability Partnership to carry on a lawful business with profit motive along with declaration stating that all the requirements of Limited Liability Partnership Act, 2008 regarding incorporation of LLP in India have been complied with.
eForm 3: Details of LLP Agreement
This form provides for the necessary information in respect to the LLP Agreement entered into between the partners.
eForm 4: Consent of Partners Consent of each partner to become a partner of Limited Liability Partnership along with their address and identity proof to be filed with the Registrar of Companies.
Subscription Sheet: Just like in case of Company formation, the partners are required to subscribe their names along with signatures to the subscription sheet, which shall be witnessed by any chartered Accountant/Company Secretary/Advocate in practice.
In case the subscription sheet is executed outside India, than it must be notarized and consularized, for more information check “Incorporation of LLP” under FAQ’s
eForm 3 & 4 are required to filed within 30 days of the incorporation.
All the eforms will be digitally signed by any Designated partner and shall be certified by an advocate/company secretary/chartered accountant/cost accountant in practice engaged in the formation of LLP.

•
Step VI Certificate of Incorporation



Step I Deciding the Partners and Designated Partners
A LLP can be incorporated with a minimum of atleast two partners who can be Individuals or Body Corporate through their nominees. Further for incorporating an LLP, of the total number no. of partners, atleast two shall be Designated Partners, of which atleast one must be an Indian Resident.
Parameters for deciding the Partners and Designated Partners:
Atleast Two Partners; Individuals or Body Corporate through individual nominees.
Minimum of Two Individuals as Designated Partners, of total no. of Partners.
Atleast One Designated Partner to be Resident Indian.
A person ‘Resident in India’ means a person who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding one year. (Explanation to Section-7())
‘Designated Partner’ means a partner who is designated as such in the incorporation documents or who become a designated partner by and in accordance with the Limited Liability Partnership Agreement.
Step II Obtaining DPIN No. & Digital Signature
Designated Partner Identification Number (DPIN): Section 7 (6) of LLP Act 2008, provides that every Designated Partner to obtain a DPIN from the Central Government.
DPIN is an eight digit numeric number allotted by the Central Government in order to identify a particular partner and can be obtained by making an online application in eForm 7 to Central Government and submitting the physical application along with necessary identity and Address proof of the person applying with prescribed fees.
Digital Signature Certificate: As all the documents and forms required for incorporating an LLP in India to be filed electronically and under the signatures of Designated Partners, thus atleast one Designated Partner to obtain the digital signature certificates from government recognized DSA’s. The signatures shall also be required for signing and filing of all relevant forms and documents to be filed, annually or event based after incorporation of the LLP, asking for approvals or as intimation.
Likewise the manual signatures, digital signature certificates are individual specific and no partner needs to obtain more than one.

Step III Checking the Name Availability
The next step is to decide the name for the proposed LLP to be incorporated, anyone intending to incorporate an LLP has to evaluate his proposed name under the prescribed parameters and make an application in Form 1of Rule 18(5) of the Limited Liability Partnership Act 2008, for reservation of the desired name.
The name of the limited liability partnership shall not be similar or identical with Company or LLP already registered in India and it should not contains words prohibited under the ‘Emblems and Names (Prevention of improper use) Act, 1950’or which are also not ‘Undesirable’ in the opinion of Central Government or which satisfies the conditions prescribed under rule 18(2). For more information check Name Availability Guidelines.
In case any Body Corporate is partner, copy of Board resolution authorizing the incorporation of LLP shall be attached
Undesirable Names- Connote
If in the opinion of the department, the name by which a Company is registered gives so misleading an indication of the nature of its activities as to be likely to cause harm to the public, the department may direct it to change its name. A Company registered under the Companies Act, is not entitled to carry on its business in such a way or under such a name, as to represent that its business is the business of any other company or firm or person; and the absence of fraud is immaterial. In such cases, the old company or firm can apply to the court for an injunction, and in such cases the principles that apply to individuals trading under identical or similar names would become applicable.

Step IV Drafting of LLP Agreement
The next pertinent step is drafting of Limited Liability Partnership Agreement governing the mutual rights and duties among the partners and among the LLP and its partners.

The basic contents of Agreement are:
Name of LLP
Name of Partners & Designated Partners
Form of contribution
Profit Sharing ratio
Rights & Duties of Partners
Proposed Business
Rules for governing the LLP
In case no agreement is entered into, the rights & duties as prescribed under Schedule I to the LLP Act shall be applicable
It is not necessary to have the LLP Agreement signed at the time of incorporation, as the details of the same needs to field in eform 3 within 30 days of incorporation but in order to avoid any dispute between the partners as to the terms & conditions of the agreement after the formation of LLP, it is always beneficial to have the LLP Agreement drafted and executed before the incorporation of the LLP.
In case the Agreement is executed outside India, than it must be notarized and consularized, for more information check “Incorporation of LLP” under FAQ’s
Step V Filing of Incorporation Documents
Next is the filing of Incorporation documents, consent of Partners and declaration electronically through the medium of e-forms prescribed with the Registrar of LLP for incorporation of the LLP on payment of prescribed fees based on the total monetary value of contribution of partners in the proposed LLP.
Documents Required
eForm 1-Name Availability Application
eForm 2-Incorporation Document
eForm 3- Details of LLP Agreement
eForm 4-Consent of Partners
eForm 7-Application for Designated Partners Identification Number
Subscription Sheet
LLP Agreement duly stamped as per relevant Stamp Act of the State.
Proof of Address of Registered Office
Consent of Partners and Designated Partners


eForm 2: Incorporation Document
This is an informative document setting down the details of LLP, its Partners including designated partners along with their amount of contribution and consent for forming a Limited Liability Partnership to carry on a lawful business with profit motive along with declaration stating that all the requirements of Limited Liability Partnership Act, 2008 regarding incorporation of LLP in India have been complied with.
eForm 3: Details of LLP Agreement
This form provides for the necessary information in respect to the LLP Agreement entered into between the partners.
eForm 4: Consent of Partners Consent of each partner to become a partner of Limited Liability Partnership along with their address and identity proof to be filed with the Registrar of Companies.
Subscription Sheet: Just like in case of Company formation, the partners are required to subscribe their names along with signatures to the subscription sheet, which shall be witnessed by any chartered Accountant/Company Secretary/Advocate in practice.
In case the subscription sheet is executed outside India, than it must be notarized and consularized, for more information check “Incorporation of LLP” under FAQ’s
eForm 3 & 4 are required to filed within 30 days of the incorporation.
All the eforms will be digitally signed by any Designated partner and shall be certified by an advocate/company secretary/chartered accountant/cost accountant in practice engaged in the formation of LLP.
Key Points:
Filling will be done on http://www.llp.gov.in/
with All the Designated Partners need to be register as Business User.
Digital Signature is required only for the Designated Partner who would be signing all the e Forms.

Step VI Certificate of Incorporation
After the Registrar is satisfied that all the formalities with respect to the incorporation has been complied , he will issue a Certificate of Incorporation as to formation of the LLP within maximum of 14 days from date of filing of documents . The Certificate of Incorporation issued shall be the conclusive evidence of formation of the LLP.

LLP Agreement

LLP AGREEMENT

THIS AGREEMENT OF LIMITED LIABILITY PARTNERSIP made at………………on this………… day of ………..20…. by and between RN…………..of the First Part and JG………… of the Second Part.


WITNESSES the mutual agreement of the Parties hereto as follows:

THAT THEY BOTH shall become Partners who shall be Designated Partners on incorporation of the LLP to carry on partnership business as a Limited Liability Partnership (LLP) registered under the Limited Liability Partnership Act, 2008 (LLP Act) with a view to sharing profit upon the following terms.

INTERPRETATION

In this Agreement unless the context otherwise requires:-

“Accounting Year” means the financial year as defined in the LLP Act, 2008.

“Act” or “LLP Act” means the Limited Liability Partnership Act, 2008.

“Business” includes every trade, profession service and occupation.

“Change” means a change in the constitution of the body of Partners or Designated Partners other than their admission afresh.

“Designate Partner” means any partner designated as such.

“LLP” means the limited liability partnership formed pursuant to this LLP Agreement.

“LLP Agreement” means this Agreement or any supplement thereof determining the mutual rights and duties of the partners and their rights and duties in relation to the LLP.

“Partner” means any person who becomes a partner in the LLP in accordance with this LLP Agreement.

“She” includes “he” or vice versa.

1. Business- The Partnership business shall be………………. Until and unless changes as mutually agreed upon by all the partners for the time being of the LLP.

2. Name- The name under which the Partnership business shall be carried on will be the one permitted by the Registrar out of the three names proposed by mutual agreement of the Parties hereto.

3. Place- The Partnership business shall be carried on at the address given below:
………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
City……….. District…………………….
State………. Pin Code…………………..
ISO Country Code………….
Phone……………………….
Fax………………………….
E-mail ID……………………

As the principal place of business and at such other place or places as the Partners shall from time to time unanimously agree upon.

4. Term of LLP- The Partnership shall commence on the date of registration of the LLP, and shall continue to operate thereafter subject to the provisions of the LLP Act, 2008, until termination of this agreement by consent of all Partners for the time being of the LLP.

5. LLP Capital, Partners’ Contribution, Liability and Admission of Partners-

(1). The capital of Partnership shall be the sum of Rs…………………………………… (Rupees………………………………………….) brought in cash/money’s worth of any property or services agreed by all partners for the time being of the LLP and belonging to the Partners initially by the Partners being the Parties hereto in equal shares subject to the amount equivalent to 49% thereof being accepted from such of the other Partners hereafter admitted as mutually agreed upon by the Partners being the Parties hereto, into the LLP after its registration at not less than 1% as capital contribution per such Partner as his share at 100% premium payable half up-front and the other half within 90 days of admission, so that when such capital contribution shall have been completed the shares of the Partners being Parties hereto shall stand at 25.5% each of the total capital contributed. The capital contribution thus received shall go to reduce progressively the capital originally contributed by the Partners being the original Parties hereto equally but the same together with the premium received in its entirety shall be retained in the LLP business as their loan contribution made from time to tie as and when received on the corresponding dates of receipt of capital contribution and payment of premium from the new Partners admitted as aforesaid. There shall be no limit on the number of Partners to be admitted at any time and form time to time by changing the provisions of this LLP Agreement, if necessary, and as required, subject to its acceptance by all the then existing Partners at a meeting of theirs or otherwise confirmed in writing.

(2). A separate capital account shall be maintained for each Partner. No Partner shall withdraw any part of his capital account while he is a Partner.

(3). The loan component accrued as stated in (1) above to the Partners being the Parties hereto shall not be withdrawn by them before 24 months from the date of admission of the last Partner to make up for the 49% off-loading of the capital at a premium as aforesaid; and thereafter the Parties hereto shall be free to withdraw their loan-retention component at not more than 5% at a time once in each 10 weeks commencing at the expiry of the said 24 months of the total amount standing as loan plus interest thereon as balance respectively to their credit as at the end of the previous financial year as per the last audited balance sheet.

(4). The Parties hereto shall be bound to be Partners of the LLP till the loan component of theirs is completely paid back to them by the LLP as aforesaid whereupon their capital contribution standing at 51% shall become re-payable in one lump-sum; and should they cease to be Partners earlier for any reason beyond their control that hall not alter the scheme of return of loan and capital to them or their other claimants on their behalf, as aforesaid.

(5). If at any time after the commencement of the Partnership as LLP any further capital shall be required for the purposes of the LLP, the same shall be additionally contributed by the then Partners in their respective proportion of capital contributions made, unless otherwise agreed upon by all the then Partners. Existing loans advanced or deemed as advanced by the Partners to the LLP shall not be convertible into such capital contribution.

(6). The obligation of a Partner to contribute (i). money or (ii) other property or benefit or to perform services [in the case of (ii) its money’s worth as determined in the agreement with the Partner therefore as equivalent to his share of contribution of capital] to the LLP under this Agreement, shall be a debt due from him to the LLP. The liability of a partner or designated partner in relation to the LLP shall be as set out in the Act and in particular every partner shall indemnify the LLP insofar as every partner may take part in its management. It is a condition of this Agreement that the LLP shall indemnify each Partner in respect of payments made and personal liabilities incurred by him (a) in the ordinary and proper conduct of business of the LLP, and (b) in or about anything necessarily done for the preservation of the business or property of the LLP.

(7). This LLP Agreement along with the LLP’s Certificate of Incorporation should be laid before a special general meeting of the Partners to be held within 30 days of the LP’s registration, and it shall be the responsibility of the first two Designated Partners of the LLP to comply with the same.

(8). After the LLP’s registration, it may reimburse the Promoter-Partners the costs of promotion and registration, legal fees, cost of printing and stamp duties and all other direct costs at accruals according to the account rendered to the LLP by the Promoter-Partners, with the approval of the general meeting of Partners mentioned in (7) above.
(9). The LLP shall have a Common Seal and it shall be laid before and adopted at he general meeting mentioned in (7) above. The Common Seal shall be affixed to any document or contract with approval of and in the presence of at least two of the Designated Partners of the LLP, on each occasion and the same fact recorded chronologically in the Seal Book maintained for the purpose under their signatures.

(10). All the assets owned by or belonging to the LLP including but not limited to the Intellectual Property Rights (IPRs) of whatever kind shall be the property of the LLP and no partner shall be entitled to use for himself any such property otherwise than as a client or customer.

(11). No resolution or decision carried by a majority of Partners of the LLP shall be valid to be given effect to unless it includes the Partners being the original Parties hereto.

(12). The contents of this para shall not be alterable till the conditions stated in sub paras (3) and (4) above are fully complied with.

6. Bar against admission of Partner and A person who has any business interest in conflict with the business of the LLP compliance of persons admitted as partner – A person who has any business interest in conflict with the business of the LLP shall not be admitted as its Partner, and any Partner who acquires such conflicting interest shall cease to be and be expelled as a Partner by a unanimous decision of the partners. Persons admitted as partners shall duly comply with the provisions of section 25(1) of LLP Act and Rule 22(1) and Form 6 of the LLP Rules & Forms, 2008 within a period of 15 days of any change in the name and address, to intimate the LLP.

7. Interest on Capital or Loan – Interest at the rate of….per cent per annum on the capital contributed or loan given or credited as given by each of the partners and standing to his credit as on the first day of each calendar month for the previous month out of the gross profits of the partnership business shall be credited in the respective accounts, and such interest shall be cumulative such that any deficiency in one financial year shall be made up out of the gross profits of any succeeding financial year or years. For this purpose, the financial year shall be the twelve months from the first of April to the thirty-first of March next.

8. Withdrawal of Loans – Every Partner may withdraw the loans advanced or deemed as advanced by him to the Partnership business in accordance with the terms of such sums advanced or deemed as advanced from time to time, and if any such terms are fixed for any such loan amount, the partner may withdraw the same after serving a notice of ten weeks on the LLP demanding repayment at not more than 5% of the loan plus interest standing to his credit as at the end of the previous financial year as per the last audited balance sheet of the LLP, in each period of ten weeks.

9. Business transactions of Partner with LLP – A Partner may lend money to and transact other business with the LLP, and in that behalf the Partner shall have the same rights and obligations with respect to the loans or other business transactions as a person who is not a Partner.

10. Profits & Losses and Partner’s Income Account – (1). Profits and losses of the Partnership business in each financial year shall be divided between and borne by the Partners in the proportion of their respective capital contribution standing to their credit in the books of the Partnership as on the last date of the relevant financial year.

(2). Partnership profits and losses computed as due shall be charged or credited to the separate income account of each Partner. If a Partner has no credit balance in the income account, losses shall be charged to his capital account.

11. Partner’s Drawings – Each Partner may draw out of the Partnership funds as drawings from the credit balance of his income account any sum of money not exceeding Rs………………………….(Rupees…………………………………) per each one percentage point of capital contributed per month for his own use, subject to such drawls to be duly accounted for in each yearly settlement of account and division of profits of the Partnership at the end of each financial year, and the same shall be duly adjusted to the actuals due to or from the partnership by refunds or further drawls, as the case may be as required.

12. Book of Accounts - (1) All funds of the Partnership business shall be deposited in its name in such banking account or accounts as shall be determined by the Designated Partners. All withdrawals are to be made by Cheques signed by the Designated Partners as determined by them.

(2) All necessary books of account and other papers relating the affairs of the LLP as prescribed under Rule 24 of LLP Rules & Forms, 2008 pursuant to section 34(1) of the LLP Act 2008 shall be ensured by the designated partners for the time being to be kept at the principal place of business of the LLP or at other place or places as mutually agreed upon by all the Partners, and regularly maintained on cash basis or accrual basis and according to double entry system of accounting with all books duly posted with entries arising from day to day up-to-date on any day so as to give a true and fair view of the state of affairs of the LLP. Such books of account shall not be removed from the designated place of business without the consent of all the Partners. Each Partner shall have access and be entitled for taking a copy or an extract of any books of account or related papers of the LLP or folio thereof during the working hours on each working day of the week.

13. Annual Statements of Accounts and Solvency – The Designated Partners of the LLP shall, within a period of six months from the end of each financial year, prepare the Annual Statements of Accounts and Solvency for the financial year as at its last day of all the capital contributions, assets and liabilities and of the profits and losses of the LLP, and the same shall be signed by each Partner in addition in addition to the signing thereof by the Designated partners of the LLP as required under section 34(2) of the Act in token of his being bound thereby. If, in the event, any Partner refuses to sign the Annual Statements of Accounts and Solvency giving no valid reason, a copy of he same shall be posted to him by Registered Post Acknowledgement Due to his last known address as supplied by him to the LLP, and same shall be deemed to have been signed by him on the date of such posting.

14. Audit - The Statements of Accounts and Solvency o the LLP made each year shall be audited by a qualified Chartered Accountant in practice in accordance with the rules prescribed under section 34(3) of the LLP Act, 2008, namely, Rule 24 of the LLP Rules & Forms, 2008. It shall be the responsibility of the Designated Partners of the LLP to comply with Rule 24 of the said Rules in every respect.

15. Reserve Fund – A sum equivalent to 15 (fifteen) per cent per annum of the net profits arrived at in the audited Annual Statements of Accounts of the LLP shall be transferred and kept in the general reserve fund account and the same invested in gilts every year in the name of the LLP till it accumulates to the amount of 10 (ten) per cent of the capital specified in para 5 above. Such reserve fund accumulated shall be utilized for meeting extraordinary losses or expenses or for such other purposes including the renewal of any art of the building or other long term assets of the LLP in any way as mutually agreed upon by all the partners of the LLP including the Partners being the Parties hereto.

16. Division of Annual Profit of the LLP – As soon as the Annual Statements of Accounts and Solvency shall have been signed by the Partners and the same duly audited and the auditor rendering his report thereon, the net profits, if any, of the LLP business, shall be divided between the Partners in the proportion specified in and in accordance with the provisions of this Agreement.

17. No remuneration to Partners – No Partner shall be entitled to any remuneration for taking part in the conduct of the LLP’s business.

18. Management of the LLP – (1) Partners of the LLP other than Designated partners shall be sleeping Partners. Their right to participate in the management of the LLP shall be as provided in this Agreement and otherwise it is restricted to:
· Ratification of this LLP Partnership Agreement post-incorporation of the LLP;
· Any alteration to this LLP Agreement;
· The admission of new Partners;
· Appointment of Designated Partner;
· Raising further capital under para 5(3) above,
· Acceptance of Annual Accounts and Solvency and the Auditor’s Report thereon;
· Assignment and transfer of partnership rights, by the Partners in any way;
· Expulsion of any Partner;
· Any proposal of the LLP to make an application to the Central Government that the affairs of the LLP ought to be investigated;
· Change of business;
· Any sale or merger or amalgamation of the LLP with another entity or the incidence of any extraordinary loss or jeopardy or ‘waste’ to the property of the LLP as defined in section 66 of the Transfer of Property Act, 1882, warranting the appointment of a Receiver; and
· Winding up and dissolution of the LLP.

In deciding all the matters specified above by a 75% majority vote of the Partners present at a meeting of Partners duly called and held, except expulsion of any partner and change of business which shall require a unanimous decision of all the Partners excluding the Partner shall have one vote each irrespective of their capital contribution to the LLP’s capital. The decisions so taken shall be recorded in the minutes within ten days of the genera meetings and the same kept at the registered office of the LLP.

(2). The Designated partners appointed by the LLP shall be responsible both for business management in its entirety and compliance management under the LLP Act and this Agreement. The management of the LLP shall be carried on jointly y the Designated Partners being the original Parties hereto as agreed upon mutually between them by themselves or otherwise so however that they both shall be the first two Designated partners to be named in the Incorporation Document submitted for the LLP’s registration and to be answerable for the doing of all acts, matters and things as are required to be done by the LLP in respect of compliance of the provisions of the LLP Act, 2008 in terms of sections 7,8 and 9 of the said Act. The Partners my appoint more Designated Partners by a 75% majority vote of the Partners present at a meeting of Partners duly called and held at any time and from time to time out of the Partners whose contribution to the capital of the LLP at the material time of appointment is not less than 6% of the total capital contribution as of that date, provided both the Partners being Parties to this Agreement as originally made approve the names proposed. The Designated Partners may by their unanimous decision delegate their powers to any one or more Designated Partners or any top-ranking officers of the LLP as they may consider fit or necessary in the management of the affairs of the LLP at any time or from time to time and similarly withdraw the same.

(3). Every Partner appointed as a Designated Partner by a majority of the Partners as stated in (2) above shall be entitled to take part in the management of the LLP.

(4). Any matter or issue relating to the LLP shall be decided buy a majority in number of the Designated Partners which shall in every case include the Partners being the original Parties hereto so long as they continue as the designated Partners of the LLP.

(5). Banking arrangement s for the LLP shall be as unanimously decided by the Designated Partners at any time and from time to time, ensuring that all moneys received subject to requirements of current expenses, by way of Cheques, drafts or other pay orders shall be promptly paid into the LLP’s banking account.

(6). Each Partner shall render true accounts and full information of all things affecting the LLP to the Designated Partner(s) and on request to any Partner or his legal representative.
(7). All decisions of the Partners shall be taken at meetings called by a notice in writing or by circular resolutions in cases of urgency. Meetings in which all Partners are entitled to participate to deliberate and decide on the matters specified in Para 18(1) above shall be called general meetings, and the meetings of the Designated Partners shall be called Executive Meetings. The provisions as are applicable to calling, holding and conducting/adjourning etc., of general meetings and Board meetings and keeping of minutes of such meetings of pure private companies limited by shares under the companies Act, 1956, shall apply respectively to the said two kinds of meetings, excluding the special resolutions, requisitioned resolutions special notices, special business and explanatory statements, requisitioned meetings and default meetings and the related jurisdiction as well as powers of the Court/Tribunal/Central government conferred under the said Act. Every such meeting shall be called by any Designated Partner on the basis of a decision of the Executive Meeting or by circular resolution passed by majority of Designated Partners in any exigency.

(8). A resolution circulated in writing and signed by a majority of the Partners and/or Designated Partners, as the case may be, depending upon whether it is a business to be transacted at a General Meeting or Executive Meeting, including the Partners who are the original Parties to this Agreement in every case, shall be deemed to be duly passed, the date of passing such circular resolution being the date of the signature of the person signing last.

19. Performance of work by Partner - If at any time any work for the LLP is to be done under this Agreement or any Supplement thereto by any partner, it may be done by any of his relative or other agent or servant engaged by such Partner competent to do the work on condition that any payment in that behalf shall be to the account of the Partner concerned entailing nothing to be borne by the LLP. Where such a Partner fails to perform such work contracted by him with the LLP, any other Partner may do the same instead or have it done by persons competent to do the work and engaged as his agents additionally to such of the work, if any, contracted by him on his own account with the LLP, at the cost of the LLP. There is nothing contained in this para to enable a Designated partner to assign his responsibility to anyone being an outsider to interfere in the business management of the LLP entrusted to or undertaken by him.

20. Designated Partner’ attention to business – The Partners being the original Parties hereto and other Partners appointed as Designated partners of the LLP shall at all times

· Protect the property and assets of the LLP;
· Devote the whole of their attention to the said partnership business diligently and faithfully by employing themselves in it, and carry on the business for the greatest advantage o the partnership;
· Punctually pay their separate debts t the LLP, if any, duly and indemnify the LLP or other Partners towards charges, expenses or costs incurred to protect the assets of the LLP against any failure to do so; and
· Upon every reasonable request, inform the other Partners of all other Partners of all letters, writings and other things which shall come to their hands or knowledge concerning the business of the LLP.

21. Number of Designated partner – The maximum number of Designated Partners appointed for the LLP hall be such as mutually agreed upon by the Partners being the original Parties hereto or as decided by the Designated Partners of the LLP unanimously at any time and from time to time not exceeding ten.

22. Sleeping Partner – All the Partners other than those appointed as the Designated Partners of the LLP shall be Sleeping Partners, and they shall not interfere with the carrying on the management or conduct of the business of the LLP otherwise than as has been provided in this Agreement and those shall not sign the name of the LLP.

23. Transfer or assignment of Share of Capital contribution by Partner - (1) No Partner shall without the consent in writing of all the Partners transfer, assign or mortgage his share of interest in the LLP by way of a share of the profits and losses of the LLP and to received distributions under this Agreement in any way in whole or in part.

(2). On the transfer of a Partner’s interest in the LLP as set out in (1). Above, section 42(2) and (3) shall become applicable to the transferor Partner and the transferee, respectively.

24. Death or voluntary retirement of Partner – If any Partner shall die or have voluntarily retired, a statement of account shall be taken and made out of his share of the capital and effects of the LLP ad of all unpaid interest ad profits due to him up to the time of his demise or retirement and be paid at the earliest as may be decided by the Designated Partners of the LLP, subject to required adjustments between his capital account and income account transactions and transfers made till the date f death or retirement, as the case may e, and balances struck as certified by the Auditor for the time being of the LLP. The said statement of account shall include the Partner’s share of profit and loss for the period from the beginning of the financial year in which his death or retirement occurs until the end of the calendar month in which the event takes place.

25. Representative of deceased or retired Partner – At the discretion f the remaining Partners, the nominee or representative of the deceased or retired Partner may be admitted as a sleeping Partner against retention of the dues to the former Partner by the LLP. In no case such persons shall have the power to interfere in the management or conduct of the LLP’s business by virtue of anything done by the Partner who had existed.

26. Purchase of share of retiring, expelled deceased or insolvent Partner – If a Partner shall die, retire or be expelled or become insolvent, then, the remaining Partners shall have the option of first refusal to busy the share of such a partner in the LLP, and the option may be exercised by notice in writing fixing a month’s time by either side given to the other side. The purchase price shall be the amount at which such share shall stand by the last audited balance sheet prior to the date of the event of exit of the Partner net of his drawals, plus interest thereon at……..per cent per annum to the date of the event, plus his share of current profits, if any, in the broken part of the year next following determined in terms f this Agreement, either in one lump-sum or as otherwise agreed with the retiring Partner or his personal or legal representatives, against an indemnity provided against the debts, engagements or other liabilities of the partnership devolving to the account of the Partner that existed.

27. Expulsion of Partner – This provision of this Agreement shall operate as an express agreement of the Partner: a Partner may not be expelled by a unanimous decision of the partners save in good faith and in the interest of the partnership business only after a show-cause notice in writing is served on that Partner or designated Partner giving 7 days time for his response ; and in that event the Partner expelled shall be entitled to the benefits of a retiring Partner in accordance with the provisions of this Agreement in that behalf.

28. Goodwill – A valuation of the assets, effects and of the goodwill including the Partnership name shall be made at three ties the average net yearly profits of the preceding five years or the commencement of the LLP, whichever is less, for the purpose to determine the amount due to such a Partner who has existed, and the payment shall be met by the Partners remaining with the LLP in proportion to their respective capital contribution on the date of his exist within six (6) calendar months from the date of exit, any delay beyond attracting interest at 12 (twelve)per cent per annum from the date of expiry of the said six months till the actual date of payment. On such a payment being made the share of the Partner exited in the goodwill shall stand vested in the remaining Partners of the LLP.

29. Retiring Partner not to carry on competing business – An outgoing or retiring Partner, whose dues have been settled and paid of in accordance with the covenants in this Agreement, shall not during the period of two (2) years from the date of his exit as Partner carry on or engage or be interested directly or indirectly in any business competing with the LLP anywhere in the State where the LLP’s registered office is situated.

30. Contracting on behalf of the LLP – All contracting by way of placement of orders for supplies to the LLP shall be carried out only by the Designated Partners in the manner as mutually agreed upon between them at any time and from time to time.

31. Giving Credit – No Designated Partner shall lend money or give credit to or have any dealings on behalf of the LLP with any person or company or LLP or other entity whose credit-worth is doubtful and who is forbidden due to former crisis of confidence confronted by the LLP in dealing with him or it.

32. Acts forbidden – Without the consent given in writing of the other Partners, no Partner while he is a Partner for the time being of the LLP shall -
· Transfer, assign otherwise encumber his share in the assets or profits of the LLP;
· Engage or be concerned or interested in any other business, directly or indirectly as and competing with the LLP all profits made by him in that business;
· Do any act that may conflict his interest with the interest of the LLP or any of its other Partners;
· Take any apprentice or hire or dismiss (except in cases of gross misconduct) any servant or agent of the LLP;
· Lend any money or deliver upon credit any of the goods of the LLP to any person or persons whom the other Partners shall have previously in writing forbidden to trust;
· Give any unauthorized security or promise for the payment of money on account on behalf of the LLP except in the ordinary course of its business;
· Secure unauthorized surety or guarantee for anyone encumbering or otherwise charging or pledging the properties of the LLP;
· Draw or accept or endorse unauthorisedly any bill of exchange or promissory note on LLP’s account;
· Draw and sing any Cheque on behalf of the LLP unauthorisedly in excess of Rs……..on its banking account;
· Remit the whole or part of any debt due to the LLP;
· Lease, sell, pledge or do other disposition of any of the LLP’s property otherwise than in the ordinary course of business;
· Commit to buy or buy any immovable property for the LLP;
· Go and remain out of station on LLP’s business for more than……….days in a row;
· Do any act or omission rendering the LLP liable to be wound up by the Tribunal;
· Share business secrets of the LL with outsiders;
· Derive profits from any transaction of the LLP or from the use of its name, resources or assets or business connection by carrying on a business of the nature as competes with that of the LLP, and remain without accounting for the same to the LLP;
· Submit a dispute relating to the LLP’s business to arbitration;
· Open a banking account on behalf of the LLP in his own name;
· Commit to compromise or relinquish any claim in whole or in part of the LLP;
· Withdraw a suit filed on behalf of the LLP;
· Admit any liability in a suit or proceeding against the LLP;
· Enter into any partnership joint venture, float any subsidiary LLP or company with the LLP being the promoter or acquirer of interest or control.

33. Notice – (1) To the LLP – Any notice by the Partners to the LLP may be given by addressing to the LLP and leaving it at the registered office of the LLP.
(2) To a Partner – Any notice to a Partner shall have been sufficiently given by the LLP by leaving it addressed to the Partner at the registered office of the LLP or by sending the same by registered post to his usual or last known address.

34. Term of validity f deed – Duration of this Agreement shall be FIVE YEARS beginning from the date first above mentioned, subject to the condition that this deed may be extended further by mutual consent in writing of the Parties hereto upon such terms and conditions or with such modifications as may be mutually agreed upon between them. In the event that the LLP remains not formed as envisaged in this agreement within 6 months from the date hereof, this agreement shall stand null and void with no claims inter se the parties hereto claimed or paid by any.

35. Covenant against breaking away – During the first five years of the subsistence of this agreement, none of the Parties hereto shall be entitled to part with the LLP unless mutually agreed upon in writing.

36. Partners and LLP to ratify this agreement to be bound – This agreement shall become valid to bind the LLP on its incorporation on its being ratified by all of its partners both for themselves and on behalf of the LLP in terms of section 23(3) of the LLP Act, 2008.

37. Termination & Dissolution – If any time owing to losses or any other cause whatsoever one-fourth of the entire capital of the LLP shall have been lost or not represented by available assets or there exists reasonable cause of apprehension that a call on the Partners to contribute further capital of 25% or more of the entire capital of the LLP is imminent in order to carry on its business as a solvent entity, a majority in value of the Partners may require the LLP to be dissolved and wound up as if the same has occurred by efflux of time.

38. Arbitration – (1) All the matters not expressly provided in this agreement shall be decided by the consent of all the Partners in writing. Failing that all disputes and questions about and in connection with the LLP under this Agreement arising between the Partners or between any one of them and the legal representative of the Partners or with the LLP at any time and from time to time, shall be settled by conciliation r by arbitration as provided under the Arbitration and Conciliation Act, 1996 as if the parties to the dispute have consented in wr4iting for determination of the same as aforesaid and the provisions of the said Act apply accordingly.

(2). If any question arises whether the dispute relates to formation, management or business of the LLP, the question shall be referred to the arbitrator, whose decision thereon shall be final.

39. Alteration or amendment – No alteration to or amendment or change in this LLP Agreement including any change of business of the LLP in terms of para 8 of the First Schedule to the LLP Act shall be valid unless it is reduced to writing as a Supplement to this Agreement duly accepted by every Partner of the LLP by himself or his legal representative(s), as on the relevant date of alteration, amendment or change.

40. Entire agreement, Severability & Waiver – (1) The forgoing constitutes the entire agreement between the Parties hereto on the subject-matter.

(2). If any part of this Agreement is held by any Court or authority of competent jurisdiction as void or without effect it shall be limited to that extent and be binding on all parties hereto at the relevant time as a severable part thereof with nothing to affect the rest of this Agreement.

(3). A failure or a waiver of exercise of any right or power or benefits under this agreement by a Partner or Designated Partner or on their behalf shall not operate as a waiver of the same for ever during the term of this agreement nor any delayed exercise of any right or power or benefit by a Partner or Designated Partner or on their behalf under this Agreement deemed as a waiver.


Party of the First Part Party of the Second Part

…………………….. …………………………

























Ratification of the LLP Agreement

POST-INCORPORATION OF THE ……………….LLP.

By Partner –
“The LLP Agreement hereinabove is hereby ratified”

(a). Designated Partner of …………….LLP. – Name and Signature
(b). Designated Partner of …………….LLP. – Name and Signature
©. Partner of ……………..LLP – Name and Signature
(d). Partner of…………….LLP – Name and Signature
(e). etc.

Place: ………. Date: …………


Ratification of LLP Agreement

POST-INCORPORATION OF……………..LLP on its behalf

By its authorized Designated Partner
“The LLP Agreement herein above is hereby ratified”
For and on behalf of ………………LLP
As decided at its general meeting of Partners held on…………………..20….


(1) (2)
Signature of Designated Partners

Place: ……………. Date: ……………….