[ 0 ]
Recently added item(s)

You have no items in your cart.

[ 0 ]
Recently added item(s)

You have no items in your cart.

Enquire Now

Who can be a “Designated Partner”?

Limited Liability Partnership

Endors Rohit Kumar Published On: 08 Aug 2019

(0) Vote (0) Vote Share Facebook Linkedin Copy Link

2 Answers

Write Your Answer

Endors Deepika Singh Published On: 08 Aug 2019

Every LLP shall be required to have at least two designated partners who shall be individuals and at least one of the designated partner shall be a resident of India.

In case of a LLP in which all the partners are bodies corporate or in which one or more partners are individuals and bodies corporate, at least two individuals who are partners of such LLP or nominees of such bodies corporate shall act as designated partners.

However following shall be consider as disqualification to appoint as Designated Partner:

  • Who has at any time within the preceding five years been adjudged insolvent; or

  • Who suspends, or has at any time within the preceding five years suspended payment to his creditors and has not at any time within the preceding five years made, a composition with them; or

  • Who has been convicted by a Court for any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months; or

  • Who has been convicted by a Court for an offence involving section 30 of the Act.

(0) Vote (0) Vote Share Facebook Linkedin Copy Link
Endors Deepika Singh Published On: 08 Aug 2019

Every LLP shall be required to have at least two designated partners who shall be individuals and at least one of the designated partner shall be a resident of India.

In case of a LLP in which all the partners are bodies corporate or in which one or more partners are individuals and bodies corporate, at least two individuals who are partners of such LLP or nominees of such bodies corporate shall act as designated partners.

However following shall be consider as disqualification to appoint as Designated Partner:

  • Who has at any time within the preceding five years been adjudged insolvent; or

  • Who suspends, or has at any time within the preceding five years suspended payment to his creditors and has not at any time within the preceding five years made, a composition with them; or

  • Who has been convicted by a Court for any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months; or

  • Who has been convicted by a Court for an offence involving section 30 of the Act.

(0) Vote (0) Vote Share Facebook Linkedin Copy Link
Add New Question

Forum Categories

Public Limited Company Private Limited Company Limited Liability Partnership Fssai Registration Trademark Registration - New ISO 9001 Section 8 Company Registration One Person Company MSME Udyog Adhaar Import Export Code DoT OSP License GST Registration Partnership Firm Proprietorship Firm Trust Registration Society Registration Change Company Name Change Registered Address Change of Director Change Object Change Capital Pvt. Company Annual Return Pvt. Company - XBRL Filing GST Returns Filing (Monthly & Quarterly) IT Return - Pvt. Company ITR Return Individual Fssai License Fssai Central License Drug License Conversion Charges Director KYC NGO Darpan Registration FCRA Registration ESI-PF Registration 80G 12AA Registration Startup India Registration Producer Company Registration Domain and Hosting Website Designing Logo Design Business Email ISO 14001 ISO 22000 GMP Certification KYC of Companies Section 8 Company Compliances Trademark Objection Reply LLP Annual Return IT Return - Proprietorship Firm IT Return - Partnership Firm Closure of Pvt. Company Closure of LLP Statutory Audit GST Refund Application NRI Income Tax Return Nidhi Company Professional Tax Appointment of First Auditor Commencement of Business TCS -TDS REGISTRATION Shop & Establishment Registration PAN & TAN Registration Trade License Telemarketing License Icegate Registration Company Certificate And Financial Documents Chit Fund Company Gst Modification/Changes in GST GST Cancellation/Surrender Eway Bill Registration Foriegn Company Registration In India Weight & Measurement Registration Digital Signature Certificate-DSC Food License Modification Fssai License Renewal Trademark Renewal Trademark Assignment/Transfer Copyright Registration Design Registration Patent Registration Book Keeping Income Tax Audit GST Audit Secretarial Records Maintenance Drafting of Minutes & Resolutions Change in LLP Conversion of Pvt Company into LLP Secretarial Audit