Add a Designated partner

A designated partner in a Limited Liability Partnership (LLP) is a partner who is designated to be responsible for the management of the LLP. They have additional responsibilities and obligations compared to other partners in the LLP. An LLP must have at least two designated partners, and at least one of them must be a resident of India. Any individual or corporate body can become a designated partner in an LLP.
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Overview of Add a Designated partner

In India, all LLPs must have at least two designated partners, with at least one being a resident of India. The LLP agreement specifies who will be designated partners, and they are responsible for all necessary actions under the LLP Act, managing the overall administration of the LLP.

  • To add or remove a designated partner, a resolution must be passed and relevant forms filed with the Registrar of Companies, along with a valid Digital Signature Certificate (DSC), Designated Partner Identification Number (DPIN), and Consent Letter from the proposed partner.
  • Legal Suvidha offers end-to-end incorporation, compliance, advisory, and management consultancy services for businesses in India and abroad, including assistance with Director Appointments, Private Limited Company Registration, Public Limited Company Registration, LLP Registration, HUF, One Person Company, and more.

 

Advantages of Add a Designated partner

Increased Management Capability Additional designated partners can provide additional managerial expertise and help to oversee the operations of the LLP more effectively
Improved Credibility Adding a designated partner can enhance the credibility of the LLP, as it shows that the organization has a strong management team in place
Increased Flexibility With additional designated partners, an LLP can more easily manage its workload and expand its business operations
Improved Decision-making More designated partners can mean more minds working together to make important decisions, which can lead to better outcomes
Limited Liability Protection The designated partners enjoy the benefit of limited liability protection, which means that their personal assets are protected in case of any legal action against the LLP

Registration Process

Step 1: Legal Suvidha can assist you with all the necessary documentation required for adding or removing a designated partner from your LLP. Our team of experts will help draft and prepare the supplementary deed and board resolution for the appointment of designated partner in LLP.

Step 2: We will also apply for your DSC & DPIN, which is mandatory for adding or appointing a DP. Once allotted, we will obtain a consent letter in the prescribed format.

Step 3: Legal Suvidha will take care of filing Form 3 and Form 4 with the Ministry once all the necessary documentation is ready, along with DIN, DSC, Consent letter, and Supplementary Deed.
Step 4: After successful filing, we will share the acknowledgment with you via your registered email ID. Contact us today for seamless and hassle-free services.

Required Documents

1. Scan photographs of all the Incoming Partners

2. Occupation and Educational Qualifications of all the Incoming Partners

3. Self attested and color copy PAN Card of all the Incoming Partners

4. Self attested and color copy ID Proof of all the Incoming Partners (Driving License/Passport/Voter ID)

5. Details regarding Capital Contribution of all the Incoming Partners

FAQ's Add a Designated partner :-

The sort of organisation where a partner’s liability is constrained is a limited liability partnership (LLP). LLP has a unique legal standing. Each partner is shielded from personal liability as well as from any joint liability resulting from the other partner’s improper behaviour or poor business judgement. The Limited Liability Partnership Act of 2008 governs LLP registration, and a separate LLP agreement must be filed. The Registrar of Companies must receive a registration form for an LLP.
Every LLP must have at least two Authorized Partners, both of whom must be people and at least one of whom must be an Indian resident.
A “partner” is somebody who enters into a partnership with other individuals. On the other hand, a designated partner is a partner who has been designated as such in the limited liability partnership’s governing documents as of the time of registration.
According to the Limited Liability Partnership Act of 2008, the appointment of a designated partner is a straightforward process that allows a current member to approve the addition of a new partner to an LLP. Director Identification Number, or (DPIN), must be obtained by the designated partner (DIN).

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2. Payment

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3. Process

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4. Confirmation

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