Llp - admission cum retirement supplimentary deed

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Heeralal Chaudhary (Querist)
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25 January 2016 I a LLP with two designated partners, one partner wants to retire and second partner want to appoint new designated partner to fill retiring partner position. please let me know the process and compliance to be done for admission and retirement. 1. Can retirement and addmission be done at a time or 2. first admission to be done and then retirement or 3. first retirement to be done and then addmission be done. please also share format of supplimentary deed of LLP for admission cum retirement.

CS Divesh Goyal

CS Divesh Goyal (Expert)
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25 January 2016 1. First Appoint new Designated Partner
2. Resign old designated Partner
3. file the forms LLP-4 regarding the same
4. Preapare the Addendum to LLP Agreement
5. file New Agreement in LLP-3 by giving both effects

Heeralal Chaudhary

Heeralal Chaudhary (Querist)
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26 January 2016 Thanks Goyal ji. Need one more clarity whether Form 4 for admission and retirement to be filed separately or same form can be used for appointment and retirement at a time.

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