Llp urgent query

LLP 1024 views 6 replies

Can an HUF become a partner/ designated partner in LLP.

Is the following structure possible?

LLP shall consist of 3 partners- 1 Karta of HUF- designated Partner

                                               1 Individual- Designated partner

                                               1 Individual- Partner

 

Please help.

Thanks in advance

 

Replies (6)

Dear Riddhi,

 

yes an HUF can become a partner in the LLP. it will be represented by the Karta of the HUF

 

Ankit

But HUF is not a body corporate. then how is it possible?

While filing form 1 & 2 for LLP, should it be written as individual as a partner or nominee of Body corporate?

I have sent you a Pvt Msg

Also,

whether  the karta representing the HUF be a designated partner?

HUF can become a partner in a LLP

Thanks all,

but can anyone provide any supporting for the same. any circular or any real example wher the ROC has accepted such formation?

Also, can the karta be a designated partner in the llp

 


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