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A Partner brings synergy & strength to the LLP, it must be reported and approved. Get a Partner introduced to your LLP with the help of our experts

INR 6,499 4,499/- (including Govt. Expenses) Hurry Up!!! Get it now or never in this price.

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 Package inclusion:

  1. DSC of Partner

  2. Amendment into LLP Agreement

  3. Filing of Forms and Approval

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Add a Designated Partner

A LLP is a new concept of Partnership wherein the liabilities of every partner is limited and they work for a common goal. As per LLP Act every LLP should have at least 2 partners and atleast, 2 shall act as Designated Partners. The role of a Designated Partners is similar to a Director in a Company. Designated Partners carry the same rights as the partners of LLP and they are not entitled for the remuneration unless it is specifically stated in the LLP Agreement.

Only an individual is eligible to be appointed as a Designated Partner to the LLP. Also, at least one of the Designated Partner must be a Resident of India. An individual is eligible for appointment as a Designated Partner only after obtaining DIN allotted by MCA.

Duties of a Designated Partner:

  1. The Designated Partner is responsible for notifying the MCA regarding changes in the LLP

  2. The Designated Partner is also responsible for notifying the MCA regarding the changes in Partners details or its Registered Office.

  3. Designated partner is required to affix his signatures on Annual return, Statement of Accounts and other documents and file it with MCA.

  4. The Statement of Accounts & Solvency is a must to be signed by the Designated Partner.

  5. The Designated Partner is require to preserve and to produce all books and papers of LLP before an inspector authorized by the Govt.

PROCEDURE TO BE TO ADD A DESIGNATED PARTNER

  • 1

    Obtain Director Identification Number

    A person can be appointed as a Designated Partner only if he gets a DIN. Therefore, the first step is to acquire a DIN No.

  • 2

    Meeting of Partners

    The existing partners of LLP call for a meeting wherein the appointment of proposed Designated Partner is confirmed in the LLP.

  • 3

    Draft supplementary LLP Agreement

    After appointment of designated Partner, a supplementary LLP Agreement is drafted and all partners are required to sign on it

  • 4

    Filing of supplementary LLP Agreement

    Once the LLP Agreement is amended and signed by the partners it is required to be filed to the Ministry of Corporate Affairs in Form 3 & Form 4 for approval.

Documents Required

  • Copy of PAN of the Individual
  • Copy of the residential proof (Utility Bill/Bank Statement)
  • Foreign National, valid Passport would be sufficient.
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