Add a Designated Partner in an LLP
In short
To add a designated partner, the LLP obtains the person's consent and DPIN (DIN), files Form 4 with the ROC within 30 days of the change and amends the LLP agreement, which is filed in Form 3 within 30 days. Contribution and profit-sharing changes must be reflected in the supplementary agreement.
Overview
Every LLP must always have at least two designated partners, at least one of whom is resident in India. Adding a partner is also an opportunity to revisit the LLP agreement.
Key requirements
- Consent of the incoming partner
- Approval as required by the LLP agreement
Documents required
- Consent to act as designated partner
- PAN, identity and address proof
- Supplementary LLP agreement
We share an exact checklist for your case before you start, since requirements vary with the structure and the people involved.
Process
DSC and DPIN
We obtain a DSC and DPIN for the new designated partner.
Agreement
A supplementary LLP agreement is drafted and stamped.
File
Form 4 and Form 3 are filed within 30 days.
What KNAP Advisory handles
- DSC and DPIN
- Supplementary LLP agreement
- Form 4 and Form 3 filing
Frequently asked questions
What is the difference between a partner and a designated partner?
Designated partners are responsible for the LLP's statutory compliance and are liable for penalties under the LLP Act. Other partners share in the business but do not carry those compliance duties.