My File Tax is your go-to platform for all LLP compliance needs. Our team of experienced professionals ensures that the process of appointing or removing a Designated Partner is efficient and affordable.
We will manage the entire documentation process for you. This includes drafting and preparing the Supplementary LLP Deed and the Board Resolution required for the appointment or removal of a Designated Partner.
Our team will apply for your Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN). The DPIN is essential for the appointment or addition of a Designated Partner. We will also obtain the Consent Letter from the proposed Designated Partner in the prescribed format.
Once we have all the necessary documents, including DSC, DPIN, Consent Letter, and Supplementary Deed, we will file Form 3 and Form 4 with the Ministry of Corporate Affairs. After successful submission, we will send you the acknowledgment receipt to your registered email ID.To become a Designated Partner in an LLP, the following requirements must be met: Age: The individual must be at least 18 years old. Nationality: The individual can be an Indian National, Non-Resident Indian (NRI), or a Foreign National. DPIN: A Designated Partner Identification Number (DPIN) must be obtained. This is similar to a Director Identification Number (DIN) for company directors. Digital Signature Certificate (DSC): A valid DSC is required for filing electronic documents with the Ministry of Corporate Affairs. Consent Letter: A formal consent letter from the proposed Designated Partner, agreeing to take up the role and responsibilities. Legal Eligibility: The individual should not be disqualified from becoming a partner as per the LLP Act, 2008.
Minimum Number: An LLP must have at least two Designated Partners, and at least one of them must be a resident of India. Maximum Number: There is no upper limit on the number of Designated Partners in an LLP. An LLP can have as many Designated Partners as required for its operations.
Partner: A Partner in an LLP is an individual who contributes to the LLP’s business and shares in its profits and losses. Partners may or may not have managerial responsibilities. Designated Partner: A Designated Partner is a specific partner who is responsible for managing the LLP’s operations and ensuring compliance with legal and regulatory requirements. They hold statutory responsibilities as defined under the LLP Act, 2008.
If a Partner in an LLP changes their name or address, they are required to: Notify the LLP: Inform the LLP of the change as soon as it occurs. Update Records: File Form 4 with the Ministry of Corporate Affairs, updating the LLP’s records with the new details. Submit Proof: Provide proof of the name or address change, such as a government-issued document or utility bill.
Chaahna Associates offers services across various cities in India. Some of the major cities where we provide our services include: Delhi Mumbai Bengaluru Chennai Kolkata Hyderabad Pune Ahmedabad Jaipur Chandigarh For services in cities not listed here, please get in touch with us to confirm availability.
If you have any questions or need more information, feel free to contact our compliance manager at +91 72074 46677 or email us at kbharathca@gmail.com for a free consultation.
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