Llp

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2018 THERE WERE TWO DESIGNATED PARTNER IN THE LLP. ONE OF THE DESIGNATED PARTNER EXPIRED ON 11.12.2017.WHAT PROCEDURE IS TO BE FOLLOWED?

Nikhil Kaushik

Nikhil Kaushik (Expert)
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05 April 2018 refer this https://www.indiafilings.com/learn/removal-or-resignation-of-partner-from-llp/

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Querist : Anonymous

Querist : Anonymous (Querist)

05 April 2018 Thank you for sharing the Link.
Please confirm whether the Capital contribution of the deceased Designated Partner will be sold to the Legal Heir??
If capital contribution is sold then the it will lead to capital reduction of the LLP.

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