Can a practicing ca become designated partner in llp
This query is : Resolved
RACHANA DAGA
(Querist)
10 February 2014
Respected Sir,
In a case the CA firm getting converted into an LLP then whether it is necessary for all CA partners to become designated partners of LLP or minimum two CA can be Designated Partner and remaining partners act as partners only??
Is there any notification/circular issued on same by Institute of Chartered Accountants of India?
Kindly reply at earliest.
In a case the CA firm getting converted into an LLP then whether it is necessary for all CA partners to become designated partners of LLP or minimum two CA can be Designated Partner and remaining partners act as partners only??
Is there any notification/circular issued on same by Institute of Chartered Accountants of India?
Kindly reply at earliest.
Nikhil Kaushik
(Expert)
11 February 2014
you can have any number of partners acting as designated partners but minimum two is required as per LLP Act.
ICAI is not involved in this process...
ICAI is not involved in this process...
14 February 2014
icai havent issued any circular or notification in this regard.
follow what nikhil have said.
follow what nikhil have said.
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