Structured Biiz

APPOINTMENT OF PARTNERS /
DESIGNATED PARTNERS

Designated Partners

Partners

Directors take care of the day to day matters of a Company. Similarly, Designated Partners administers the day to day matters of the LLP.

Section 2 (j) of the LLP Act, 2008 defines Designated Partner as any partner designated as such pursuant to Section 7 of the LLP Act, 2008.

As per Section 7 of the LLP Act, 2008, every LLP is required to have at least 2 (Two) Designated Partners who are individuals and at least one of them is required to be a resident in India. Only individuals can be appointed as Designated Partners. 

In case of LLPs in which all Partners are bodies corporate, such bodies corporate needs to appoint their nominees as a Designated Partners of the LLP.

Section 2 (j) of the LLP Act, 2008 defines Partner, in relation to a LLP, as any person who becomes a Partner in the LLP in accordance with the LLP Agreement.

As per Section 6(1) of the LLP Act, 2008, every LLP must have at least 2 (Two) Partners.

At any point of time, the number of Partners is reduced to 1 (One) and the only one Partner of that LLP during that period still continues to carry on the business after 6 (Six) months. In such a case where the only Partner has the knowledge of the fact that the LLP is carrying on the business with him / her alone, he / she shall become personally liable for the obligations of the LLP incurred during that period.

As per Section 22 of the LLP Act, 2008, any person who subscribed their names to the incorporation document shall be its Partners and any other person may become a Partner of the LLP by and in accordance with the LLP Agreement.

Disqualification for being a Designated Partner

Education & Disqualification for being a Partner

As per Rule 9(1) of the LLP Rules, 2009, an individual shall not be capable of being appointed as a Designated Partner of a LLP, if

As per Section 5 of the LLP Act, 2008, any individual or body corporate may become a Partner in a LLP, provided an individual shall not be capable of becoming a Partner of a LLP if,

Appointment of a New Designated Partner

Appointment of a New Partner

Appointment of Partners / Designated Partners

All inclusive

(*Inclusive of Govt. Fees on Form filing. However, any Penalty levied due to delayed filing to be borne by the Company.)