Audition and Deletion of Partner or Designated Partner in LLP
A) Deletion of Partner or Designated Partner In LLP
Partner in a LLP can resign from a LLP by providing notice of resignation in writing not less than 30 days to the other Partners in the LLP. In the following circumstances, a LLP Partner would automatically cease to be a Partner in the LLP:
- On death of the Partner
- On dissolution of the LLP
- If the Partner is declared to be of unsound mind
- If the Partner is adjusted as an insolvent or declared as insolvent.
B) Procedure for Appointment of Designated Partner
- Acquiring Digital Signature Certificate
- Obtaining Designated Partner Identification Number
- Preparing all required documents pertaining to the appointment of the Designated Partner
- Hold meeting and pass resolution for appointment of Designated Partner
- File the relevant E-forms with the Registrar of companies within 30 days of appointment of Designated Partner