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Partner Addition or Removal*

Definition

Procedure

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FAQ'S

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01

PARTNER ADDITION OR REMOVAL

As per the provisions of Limited Liability Partnership Act 2008, every LLP is required to have minimum 2 designated partners. Designated partners are responsible for managing and controlling the activities and business operations of the LLP. Change in designated partners means either appointment of designated partner or cessation of designated partner.

To become a designated partner of a LLP, every person must be at least 18 years old and must possess valid designated partner identification number (DPIN). Non-resident Indian and foreign national can also be appointed as designated partner in India.

  • Expansion or growth of business
  • Sale of business to another
  • Increase in manpower capacity
  • Due to government policies and laws etc.
  • Sale of business to another
02

HOW WE WORK

JUST FILL OUR SIMPLE FORM

You are required to fill the details in our simple online questionnaire and submit documents.

GET A CALL FROM US

Our Authorized representative will call you after receiving your request and will inform you about procedure and required documents

SUBMISSION OF DOCUMENTS

You are supposed to submit all the required documents. we will prepare necessary attachments required along with application and file them with MCA Department.

CONGRATULATIONS

Once your directors are changed, we will send you all the documents and digital signatures.
03

Frequently Asked Questions

To become a designated partner of a LLP, every person must be at least 18 years old and must possess valid designated partner identification number (DPIN). Non-resident Indian and foreign national can also be appointed as designated partner in India.
Following persons are not eligible to be a designated partner of LLP:
  • Person who has not attained the age of 18 years.
  • Insolvent person who has not been discharged by the court.
  • Person convicted by the court for an offence involving moral turpitude and where the period of sentence was at least 6 months.
  • Person involving in the act of fraud.
  • Person who has defaulted in payment made to the creditors within previous 5 years and has not made composition with them.
Partner is responsible for his acts and omissions and designated partner apart from his acts and omissions is additionally responsible for compliance and operational matters of the LLP.
Stamp duty shall be paid for the capital added in the LLP in accordance with the rate prescribed by the respective state while executing supplementary LLP Agreement.
No, you are not required to obtain another DPIN. It is permanently allotted and can be used for further appointment in the LLP.

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