Is there any difference between designated partener and partner in LLP????Please Clarify.
CA Dileep Surya Kumar
(B.com, ACA, CS)
(3786 Points)
Replied 06 April 2012
1.Partner should be individual to be called as designated partner( as you konw body coprates can act as partner in LLP) .
2.Every LLP should have atleast two designated partners ,of whom at least one shall be resident in
India( normal partners can be a non residnent)
3. The Designated Partners as provided under Section 8 are directly responsible for the compliances of all provisions provided under LLP Act, 2008 and the provisions specified in the LLP Agreement.( But rights are same)
vivek
(self)
(71 Points)
Replied 09 June 2012
designated partners are responsible for all the legal compliances
efuture
(Developer)
(35 Points)
Replied 29 August 2012
Any individual or body corporate may be a partner in a LLP.
Two Designated Partners mandatory for all LLPs. Designated partners shall be accountable for regulatory and legal compliances
CA Kedar Sakhardande
(Proprietor)
(942 Points)
Replied 01 September 2012
Hello
We are in process of incorporating LLP we have already filed form 1,2,3
Is it necessary to file Form 4 for consent of partners within 30 days of Incorporation?
vivek
(self)
(71 Points)
Replied 01 September 2012
if your din number is registered with mca then you need not to flie form for other wise its mandatory.
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