Limited Liability Partnership is combination of Private Limited company and Partnership firm. LLP Partners are responsible to maintain LLP books of account. In case of companies Statutory audit is compulsory. However in case of LLP audit is applicable if LLP whose turnover exceed Rs.40 lakhs or whose contribution exceed Rs.25 lakhs in any financial year. Under LLP statutory audit LLP shall appoint Chartered Accountant firm to carry audit of LLP. Partners shall pass resolution for appointment of auditor in LLP. In LLP Act 2008 there is no specific format pass resolution for appointment of auditor , however below is sample resolution for reference.
CERTIFIED TRUE COPY OF THE RESOLUTION PASSED AT THE MEETING OF M/S ABC LLP AT REGISTERED OFFICE __________________ <> HELD ON 21-Feb-2020.
Appointment of M/s. __________, Chartered Accountants (Firm Registration No. __________) LLP Auditor.
“RESOLVED THAT pursuant to the provisions of Limited Liability Partnership Act, 2008, read with Rule 24 of Limited Liability Partnership Rules, 2009 (M/s_____________________), Chartered Accountants having registration number: (_____________) from whom certificate has been received, be and are hereby appointed as the auditor of the LLP to audit the accounts at a remuneration to be determined by the Partners of the LLP”.
