LLP As a partner in another LLP

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 

Legal Section For Adding LLP As a partner in another LLP

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.

Who Can Become Partner in LLP

Following Can become Partner in LLP. LLP Act 2008 allows to add LLP to become Partner in Another LLP.

1. One Person Company
2. Public Company
3. Private Company
4. A company Incorporated Outside India
5. Limited Liability Partnership
6. Partnership Firms
7. Any other entity registered as per Companies Act 2013

Who Cannot become Partner in LLP

Following person cannot become Partner in LLP

• Only HUF cannot become a Partner
• Unsound Mind declare by competent court
• Undischarged Insolvent Adjudicating Insolvent

Procedure to Add LLP As a partner in another 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.

1. Download FiLLip Form Form MCA
2. Mention Service Request Number (SRN) of RUN-LLP Number
3. Under Point No. 7 Fill details
4. Under New Tab Fill details to Add LLP As a partner in another LLP
5. Affix DSC
6. Submit Form to MCA