Appointment of Desginated Partner

Start and Grow your Business

We are India’s leading Financial and Secretarial Advisor to Small, Medium and Large Business enterprises for their various requirements.

Why Choose us

Cost Effective Services with Easy EMI
Quick Turnaround Time
Transparent Process & No Hidden Charges
ISO 27001:2013 Certified for Data Security

Recognised by Govt. of India
Professional & Experienced Team
5000+ Satisfied Customers
Enduring Business Relationship

Get in touch now for a FREE CUNSULTATION at +91-8866277244

Request a Callback

Appointment of Designated Partner/ Partner

Every LLP must have at least two Designated Partners who are natural persons and at least one of them shall be resident in India. The change in partners and their details can be done by passing a resolution by LLP and only after getting the approval from the Ministry of Corporate Affairs by filing relevant forms. The LLP deed specifies who are to be Designated Partners and the responsibility of doing all acts, things and matters as are required under the LLP Act vests with the Designated Partners and they are concerned with the overall administration of LLP.

There is no maximum limit on a number of partners. There is also no restriction on joining and leaving an LLP. One can easily join or leave it. The ownership can also be transferred from one person to another without much difficulty.

ComplianceIndia can help you understand how to register and maintain Appointment of Designated Partner/ Partner quickly and hassle-free

Prerequisites of appointment of Designated Partner/ Partner in LLP

Following are the requirements which needs to be fulfilled by the person who wants to appoint as a Designated Partner.

– The person must attain the age of 18 years.

– The person must have a unique identification number

– The person should be in a sound mind and the person shouldn’t be involved in fraudulence.

– At least one designated partner must be an Indian national who resides in India.

– The Person should not have adjudged bankruptcy in the last 5 years.

– The other Designated Partners must also provide a consent letter stating their proof and other documents.

– Any individual or body corporate can be eligible to be a partner in an LLP.

Reasons for appointment of Designated Partner/ Partner in LLP

A partner can be appointed for need of capital. With increase in capital, the borrowing power of the firm increases with loan opportunities.
A partner can be appointed for an expertise, admission of a partner benefit in leverages the skills and knowledge. The diversity of knowledge and goodwill base helps the business to grow far.
Every LLP requires maintaining minimum 2 Designated Partners all time. If due to the resignation of a designated partner from LLP, the total designated partners reduce below 2, the LLP must appoint a new designated Partner or change the position (status) of the existing another partner.
It is Agreement between the partners, the terms can be changed mutually at any time.

What is a minimum number of Partner?

Designated Partners: Minimum 2 Designated Partners all time
Other Partners: There is no specified limit of Partners, LLP may run without other types of partner

How we Work?

Step 1

Fill-up our Contact Form and Submit

Step 2

Our Expert/ Legal Professional will contact you and provide brief guidance into the related context

Step 3

All Required Documents and Details to be provided as discussed with our Expert

Step 4

Once all required documents and details are received, Our Expert will prepare and verify your documents.

Step 5

Application for DSC (for Designated Partner to be appointed)

Step 6

Drafting necessary resolutions and documents

Step 7

Filing of application for appointment of Designated Partners/ Partners in Form 3LLP and Form 4LLP

Documents Required for Appointing a Designated Partner/ Partner in LLP

PAN card

Self-attested copy of PAN

Identity and address proof

Self-attested copy of identity and address proof such as passport or Aadhar card or Election card

Photo

Passport size photograph of the partner to be appointed

Digital Signature Certificate (DSC)

Digital Signature Certificate of partner to be appointed or the continuing partner.

DPIN

Valid Designated Partner Identification Number (DPIN) required of the partner to be appointed

Capital Contribution

Details regarding Capital Contribution of all the Incoming Partners

LLP Agreement

LLP Agreement/ Supplement LLP Agreement needs to be executed.

Consent Letter

Consent to act as Designated Partner/ Partner in the LLP

Our Charges

Our charges for filing of Appointment of Designated Partner/ Partner starts from Rs. 1,999/-.

Frequently Asked Questions

1. Whether the LLP Agreement is to be updated to add or remove Partner in the LLP?

Yes, the LLP agreement must be modified with terms of addition or removal by execution of the supplementary deed. All the details including the change of capital and change in terms and profit sharing ratio will be provided in the deed.

2. What are the requirements for becoming a Designated Partner?

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. Requirement of Digital Certificate and Designated Partner Identification Number is also a mandatory requirement.

3. What is the Minimum & Maximum number of Designated Partners required under a LLP?

A LLP must have at least two Designated Partners and there is no limit to maximum number of Designated Partners.

4. What are the forms that a designated partner will have to fill at the time of addition?

The designated partner will have to fill Form 3 and Form 4 and submit it with the authorities to get added in the designated partners’ list of an LLP in India.

5. Can a foreigner be made a designated LLP partner?

Yes, a foreign national can be made a designated partner in an LLP in India. He will, however, have to furnish his passport in addition to the documents required by Indian designated partners. In case his passport is in any foreign language other than English, he will have to get it apostilled and notarised and then submit it.

6. Whether Stamp Duty is required to be paid on Supplementary Deed?

The stamp duty shall be paid according to the added capital in the LLP as per the rate prescribed by the respective state. Where there is the addition of capital while addition or removal, the Supplementary Agreement shall be executed by payment of Rs. 100/- as stamp duty.

7. Do I need to apply for another DIN, if I have already procured one?

DIN is a unique number assigned by MCA to Individuals that allows one to become Director of the company or Designated Partner of any LLP. The DIN is permanently allotted and can be used for subsequent appointment in another company/LLP.

8. Is it mandatory for Partner Designated Partner to contribute capital?

Get your XBRL financials ready for filing with MCA, BSE, NSE etc...

Get Started Now

WHY TO CHOOSE US

Recognised by Govt. of India

We are Govt. recognised registered Company providing Financial and Legal aspects to clients all over India.

Professional & Experienced Team

We are a strong team of 25 energetic people with 2 Chartered Accountants and 4 Company Secretaries.

Quick Turnaround Time

From our past records, we assure you 100% accuracy in services we provide within the timeframe mentioned.

Cost Effective Service with Easy EMI

With us, you can be confident that needs will be met and agreed-upon services will be provided at a fair price with an option of Easy EMI.

5000+ Satisfied Customers

We provide financial, taxation and regulatory services to more than 5,000 Individuals and Businesses.

ISO 27001:2013 Certified for Data Security

Certified Service provider for quality standards, data security and confidentiality.

Transparent Process & No Hidden Charges

We practice transparent pricing for all services and separate cost into three categories, our fee, government fee, and GST. No Hidden Cost.

All services under one roof

From incorporation to routine finance, tax and regulatory services till Closure/ wind-up for businesses and Individuals.