Can a LLP became a partner in another LLP ?
@ Thanks in Advance @
Regards,
$ sri $
24 Replies
Keval Ponkiya
(CA CS MBA(Fin.) M.Com. L.L.B.)
(223 Points)
Replied 12 January 2012
No !!!!
Sir G !!! LLP has not its own legal existance as co. !!!
so it can not become partner in any way !!!
Chiradeep.R.H
(Chirahi & Associates - Consultants)
(240 Points)
Replied 12 January 2012
No Restrictions as such. Partner in LLP can become in other LLP too
Hemant Kumar
(Accounts Manager MBA (Fin) CMA*)
(6450 Points)
Replied 12 January 2012
Partner of one llp become a partner of another llp. But LLP not become a partner of another llp.
Hardik Dave
(IPCC and CS Professional(FINAL) Student)
(15533 Points)
Replied 12 January 2012
No Brother. LLP cannto became partner of another LLP
Naresh
(CA )
(365 Points)
Replied 12 January 2012
As far as I have studied, I dont think it is possible, however individual partner can become a partner in another LLP.
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 12 January 2012
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.
pradnya gharat
(Articled Assistant)
(24 Points)
Replied 12 January 2012
Sanket you r right. In short the answer for the question is yes!
*RENU SINGH *
(✩ §m!ℓ!ñġ €ม€§ fℓม!ñġ ђ♪gђ✩ )
(21627 Points)
Replied 12 January 2012
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
(!..Live to Give..!)
(16427 Points)
Replied 12 January 2012
There is no need to Thankx.....
All are Welcome......
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