banner_ad

Number of partners in LLP

This query is : Resolved 
Profile Image

Profile Image

(Querist)
16 January 2020 I am curious to understand what happens if only one partner remains in LLP. Rest all partners are retired for summer or the other reasons
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
16 January 2020 partnership represents PLURALITY. A single person does not satisfy the condition of PLURALITY and hence there exists no LLP when only 1 of the partners remains.
Profile Image

Swapnil Jain

Profile Image

Swapnil Jain (Querist)
16 January 2020 Thank you

But after retirement of all the partners except one, does the company gets converted in proprietary?
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
16 January 2020 No automatic route as such. You need to inform the authority about the same.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details