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Query urgent about llp

Others 1770 views 24 replies

Can a LLP became a partner in another LLP ?

 

@ Thanks in Advance @

 

Regards,

$ sri $

Replies (24)

No !!!!

Sir G !!! LLP has not its own legal existance as co. !!!

so it can not become partner in any way !!!

No Restrictions as such. Partner in LLP can become in other LLP too

Partner of one llp become a partner of another llp. But LLP not become a partner of another llp.

Dear Srinivass,

 

A body corporate can become partner in LLP but LLP can not become partner in another LLP.

 

Regards

No Brother. LLP cannto became 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.

Thanks all for valuable suggestions

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

Sanket you r right. In short the answer for the question is yes!

Thanks sanket for explnation

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

There is no need to Thankx.....

All are Welcome......


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