Once Online LLP registration is completed and there is requirement for adding new partner in LLP. Below procedure for Adding Partner in LLP need to be followed as per Section 7 of LLP Act 2008.Existing partner need to give consent in writing and File form 4 & 3 with necessary attachments. This hole procedure may time upto 3-7 working days for completion. In this article we provided 3 step Procedure for Adding Partner in LLP.
There can be various reasons for addition of partner in LLP. Few of reasons are as below
There any be other reason which required addition or change of partner in LLP. In this article we have provide 3 step guide for Procedure for addition or change of partner in LLP
For Addition of Partner in LLP, incoming partner shall apply first for Digital signature Certificate (DSC). After DSC New Partner shall apply for DIN (Director Identification Number). Government (MCA) fees for DIN registration is Rs. 500/-. Writing Consent of exiting partners is required. Also firm need to prepare document for addition of partner. Same procedure shall be applicable in case Change in Partner status from Partner to Designated Partner.
Partner shall pass written resolution after conducting meeting with partner. This Resolution for admission of Partner authorized existing partner to act on half of LLP & Partner’s. Existing partner who is authorized for legal formalities shall hold a valid DSC and DIN Number. Important Points Resolution for admission of partner.
Status of existing partner about DIN can be check online at http://www.mca.gov.in/mcafoportal/showEnquireDIN.do.
LLP carries businesses as per terms and conditions of agreement. This is source document which have information of Capital , Profit & loss sharing ration, Role & Responsibilities of Partners etc. The supplement LLP Deed Agreement shall be executed by existing partner and new partner. This agreement may have information about New partner capital introduced , roles, duties etc. Check LLP Format for addition of Partner.
Form 4 of LLP shall be filed online to Ministry of Corporate Affairs for intimation of Change in Partner of LLP. This Form need to be signed digitally by use of DSC of existing partner. Form 4 is towards Notice of appointment, cessation, change in name/ address/ designation of a designated partner or partner. and consent to become a partner/designated partner/ Notice of appointment, cessation, change in name/ address/ designation. Certification form Practicing Chartered Accountant or Company Secretory of CMA is required.
Form 3 of LLP shall be filed online for uploading supplementary LLP Agreement. This shall be filed towards making amendment to existing LLP agreement. Within 30 day of filing form 4 this Form 3 of LLP need to filed. This required certification from Certification form Practicing Chartered Accountant or Company Secretory of CMA. For non filing per day late fees of Rs.100/- applicable.
Below is approx government fees & other expenses require for addition of designated partner in LLP.
S.No. | Particulars | Amount |
1 | DIN Government Fees | 500 |
2 | Digital Dignature (DSC) | 1000 |
3 | Other Expenses ( appx) | 2500 |
Total | 4000 |
The procedure for adding partner in LLP along with necessary documents and DIN & DSC may time upto 3-7 working days. All documents need to uploaded in soft copies of MCA. We provide export services towards LLP Related matters.