Add a designated partner
Adding a designated partner (DP) in a Limited Liability Partnership (LLP) in India involves several steps to ensure legal compliance and update the partnership structure. Here’s a breakdown of the process:
1. Obtain Consent of the Proposed Designated Partner:
- Discuss the proposition with the chosen individual and ensure they’re willing to take on the responsibilities of a designated partner.
2. Documents Required
3. Amend the LLP Agreement:
- Draft a supplementary deed to include the new designated partner. This deed should outline the DP’s rights, responsibilities, profit-sharing ratio (if different from existing partners), and any other relevant details.
- Existing partners need to sign the supplementary deed.
4. File Required Forms with the Registrar of Companies (ROC):
- Form 4 (Notice of Appointment): File a notice of appointment using Form 4 within 30 days of DP appointment. Attach the consent letter from the new DP to this form.
- Form 3 (Information Regarding LLP Agreement and Changes): File form 3 within 30 days, attaching the original LLP agreement, the supplementary deed, and a copy of the new DP’s DPIN.