A Comprehensive Guide to Appointing Designated Partners in LLPs

In today’s business landscape, Limited Liability Partnerships (LLPs) are gaining traction due to their streamlined operations and reduced compliance burden compared to Private or Limited Companies. Understanding the procedure for appointing designated partners within an LLP is crucial for efficient management and governance.

Initiating the Appointment Process

To initiate the appointment process, prospective designated partners must first obtain a Digital Signature Certificate (DSC). This involves furnishing essential documents such as PAN Card, Aadhaar Card, applicant’s photo, email ID, and phone number.

Application for Director Identification Number (DIN)

Subsequently, the applicant must apply for a Director Identification Number (DIN) using Form DIR-3, along with identity and address proofs. Once the DIN is secured, existing partners convene a meeting to pass a resolution for adding a designated partner to the partnership deed.

Preparation of Supplementary Partnership Deed

A supplementary partnership deed is then prepared, incorporating the new partner’s name. Written consent from the incoming partner is obtained to formalize the appointment process.

Filing Necessary Documents

Following the preparation of necessary documents, Form-4 of the LLP is filed within 30 days of the appointment. Subsequently, Form-3, along with both the original and supplementary partnership deeds, is filed within the stipulated timeframe.

Adherence to Filing Timelines

It’s imperative to adhere to the filing timelines, as delayed submissions incur additional fees of Rs. 100 per day for each form.

Completion of Appointment Process

Once all forms are successfully filed, the designated partner’s name is officially added and reflected on the Ministry of Corporate Affairs website, completing the appointment process seamlessly.