Add Partner in LLP
A Limited Liability Partnership is run and carried by partners. Each partner have his roles and duties as per LLP agreement. For Add a partner in LLP , the incoming person need to obtain digital signature certificate and director identification number. Indian resident or Foreign resident can become partner in LLP in India. On Admission of new partner status of LLP does not changes. LLP need to maintained minimum two designated partners and out it one must of Indian resident..
Exiting partners written consent is mandatory for addition and removal of partner from LLP. Procedure to add partner in LLP is made easy by Ministry of Corporate Affairs. New procedure is simple and complete online. Experts at ANBCA in have helped number of entrepreneurs for LLP compliances. In All major cities of India , Mumbai, Delhi, Bangalore, Pune , Chennai and more. Our services are reliable and quick.
Who Can be Partner of LLP
As per Provisions of LLP Act 2008 , person can be added as partner in LLP. The pre condition it that incoming /new partner is not disqualified to be a Partner. He is not been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force. For adding new partner provision of LLP Act 2008 provides condition’s and guideline.
- An Individual ( Indian Resident )
- An Individual ( Foreign Resident )
- A Company Incorporated in India
- A Foreign Company / LLP
Rights and Duties of LLP Partner
All Partners have right to check and verify books of Account of LLP. Partners can access Bank statement , Balance sheet etc .
Right to Share Profit & Loss
Each partner of LLP have right to share profit and loss of business. Terms of sharing are defied in LLP agreement.
LLP business is carried by partners with mutual consent. Each partner have right of voting. Terms of voting rights are defied in LLP agreement.
Documents required for Addition of Partner in LLP1. PAN
2. Address Proof & ID Proof
3. Passport Size Photo
4. Digital Signature
What We offer
Draft of Legal Documents
Prepration of Application
Filing of Form 4 & 3
Amend LLP Agreement
Process for addition of Partner
Apply DSC & DIN of New Partner
For incoming new partner need to Director Identification number. Before adding new partner in LLP DIN & DSC is required.
Consent of Partners
For Addition of new partner firm existing partners need to have consent in writing. Consent & other documents required.
File Form 4 & Form 3
Our expert will file Form 4 for intimating changes to Ministry of Corporate Affairs. This required certification from CA / CS. And File amended LLP Agreement.
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Legal Documents | Form 4 | Form 3 | Certification