Can a LLP became a partner in another LLP ?
@ Thanks in Advance @
Regards,
$ sri $
Can a LLP became a partner in another LLP ?
@ Thanks in Advance @
Regards,
$ sri $
No !!!!
Sir G !!! LLP has not its own legal existance as co. !!!
so it can not become partner in any way !!!
Partner of one llp become a partner of another llp. But LLP not become a partner of another llp.
As far as I have studied, I dont think it is possible, however individual partner can become a partner in another LLP.
Who can be a Partner?
There should be atleast 2 persons (natural or artificial) required to form a LLP. In case any Body Corporate is a partner, than it will be required to nominate any person (natural) as its nominee for the purpose of the LLP.
Following can become a partner in the LLP:
a) Company incorporated in and outside India
b) LLP incorporated in & outside India
c) Individuals resident in & outside India
The Government of India has not yet notified the policy for Foreign Direct Investment by Individuals resident in & outside India in LLP form of business and therefore, till the date policy is announced, such persons cannot form a LLP in India.
Source: https://www.llponline.in/partner_in_llp.php
Bouncer Ball by Sanket
Good answer by sanket.
Agree with him .
Even I had doubt upon this topic ....
Bt the same sol has been provided in company ...
when we read the quorum topic.
A company/LLP can appoint a nominee which will work as a member.
thanks for letting know me the real answer. As I have nt yet read this LLP chapter
SANKET,
THANKS SO MUCH FOR CORRECTING ME AND UPDATION OF KNOWLEDEGE.
BEST REGARDS,
NEHA
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