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What is Addition of a Designated Partner?

Limited Liability Partnerships can add designated partners as far as the LLP agreement permits. Minimum of 2 individuals will act as designated partners and they must have their Designated Partner Identification Number (DPIN) and the name of partners should be mentioned in LLP agreement.

Procedure for Adding a Designated Partner

3 Working Days

If the suggested partner does not possess Designated Partner Identification Number, then he first must apply for the one. Moreover, individuals interested in joining as LLP Designated Partner have to fill up Form 6, showing their intent to do so.

4 Working Days

A decision is required to be passed for the appointment of designated partner. Moreover, a certificate from the CA/CS all compliance is all done properly while adding a partner.

What You Need To Know

Not on Exports

The default option for start-ups and growing businesses as only private limited companies can raise venture capital.

Steep Fines

The default option for start-ups and growing businesses as only private limited companies can raise venture capital.

No Going Back

The default option for start-ups and growing businesses as only private limited companies can raise venture capital.

FAQs on Adding a Designated Partner

What is the limitation in respect to the minimum and the maximum number of partners in an LLP?

A minimum of two partners is required for the formation of an LLP and there will not be any limited to the maximum number of partners.

Is a body corporate eligible to be a partner of an LLP?

Yes, a body corporate is eligible to be a partner of an LLP.

What are the qualifications for becoming a partner?

Any individual with any qualification is eligible to be a partner in an LLP. Moreover, an individual is not able to be a partner of an LLP if:

  • he is an undischarged insolvent,
  • he has been found as an unsafe personality by the Court of competent jurisdiction and the finding is in force.