Limited Liability Partnership Act 2008 had given Legal provision for Adding LLP As Partner in Another LLP.
Partner of LLP can be a natural as well as Artificial person recognized by Law. As per Companies Act, following are Body Corporate and can be a partner of LLP. In this article we had explained
Section 5 in The Limited Liability Partnership Act, 2008
5 Partners. -Any individual or body corporate may be a partner in a limited liability partnership: Provided that an individual shall not be capable of becoming a partner of a limited liability partnership, if-
(a) he has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force;
(b) he is an undischarged insolvent; or
(c) he has applied to be adjudicated as an insolvent and his application is pending.
This section provides that an individual or a body corporate may become a partner in an LLP. The section also indicates the disqualifications which will prohibit an individual to become a partner of any LLP.
Following Can become Partner in LLP. LLP Act 2008 allows to add LLP to become Partner in Another LLP.
Following person cannot become Partner in LLP
Form for Incorporation of Limited Liability Partnership FiLLiP form is available on MCA Site. This from needed to for Formation of LLP. Under This form LLP and give details of another LLP. Under Point No. 7 details need to be given (a)Total number of designated partners and partners of LLP. Under Number of bodies corporate Partners select 1.