Designated Partner under LLP

Who is a Designated Partner under LLP?

All you need to know

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 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. A Designated Partner can be added or removed by passing a resolution by LLP and filing relevant forms with the Registrar of Companies.

 

Mandatory requirements for appointment of Designated Partners are valid Digital Signature Certificate (DSC), Designated Partner Identification Number (DPIN) and Consent Letter from proposed Designated Partner. DPIN is similar to DIN in case of Directors of Companies. You may read the DIN Application to understand how to apply for DPIN. DPIN can be obtained for any person above the age of 18. Indian National, Non-Resident Indians, and Foreign Nationals can be appointed a Designated Partner in India.

 

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Designated Partner under LLP Documents Required

 

Documents Required

  • Scan photographs of all the Incoming Partners
  • Occupation and Educational Qualifications of all the Incoming Partners
  • Self attested and color copy PAN Card of all the Incoming Partners
  • Self attested and color copy ID Proof of all the Incoming Partners (Driving License/Passport/Voter ID)
  • Details regarding Capital Contribution of all the Incoming Partners

 

Who cannot be a Designated Partner under an LLP?

  • A person adjudged insolvent within preceding 5 years;
  • A person who has defaulted in payment made to Creditors within preceding 5 years and has not made a composition with them;
  • A person convicted by a Court for an offence involving moral turpitude involving sentence of not less than six months;
  • A person involved in any act of fraud;
  • Minors below the age of 18 years.