Adding a Designated Partner
Give your LLP’s leaders their rightful positions. Outsource the tedious process of onboarding designated partners to the experts at Zolvit!
Ready to appoint a new designated partner? Zolvit provides end-to-end support.
1
Connect with a Zolvit expert
2
Get DSC and DIN for the proposed designated partner
3
Complete application preparation including documentation
4
Supplemental partnership agreements drafted by experts
5
Complete follow-up onboarding process with Zolvit experts
Once you have the below documents ready, submit them digitally to add a new designated partner for your LLP. Zolvit uses the best-in-industry security protocols to ensure your documents are always secure.
DSC
DIN
Address proof
Copy of PAN card
Supplementary partnership agreement
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Did you know?
Partner of an LLP is ineligible to become or remain as Designated Partner for five years if he or she fails to file Financial Statements for any three consecutive fiscal years: MCA
The Ministry of Corporate Affairs (MCA) notified the LLP (Second Amendment) Rules, 2022, to amend the existing LLP Rules, 2009. Now at the time of incorporation, five partners can be appointed as designated partners.
What are the different kinds of LLP Partners?
Can a foreigner be designated LLP partner? If so, what are the additional requirements?
What paperwork will a designated partner need to fill out throughout the inclusion process?
How many partners can incorporate an LLP?
Is Zolvit’s process for adding a designated partner completely online?
In the case of a Limited Liability Partnership (LLP), at least two partners must serve as designated partners. These partners must be assigned a Designated Partner Identification Number and have their names included in the LLP partner agreement. The designated partner can be replaced or withdrawn. When compared to other forms of business registrations, adding a designated partner to an LLP is simpler to implement and requires less compliances.
Authorised Signatory
Penalty
Filing Returns
Inspection
Reimbursement
When you pick Zolvit for adding a designated partner to your LLP, we accomplish the same in three simple steps in the shortest amount of time.
Step 1: Obtaining DSC and DIN
DIN and DSC must be obtained and processed before a designated partner may be enrolled. Our experts can help you obtain the same within three days.
Step 2: Amending the Partnership Deed
The decision to add a designated partner will be made in a meeting according to the partnership agreement. The name of the new partner must then be added to the supplemental partnership agreement.
Our experts will now assist you in drafting the partnership agreement. This process might take up to four days.
Step 3: Form - 3 and Form - 4
Within 30 days after the appointment, the new designated partner must file Form-4. This form, along with the extra and original deeds, must be submitted. Following this, form-3, together with the partnership deed, should be filed and processed within 30 days of the appointment.
When all of the above mentioned formalities are completed, the new designated partner's name will be added to the LLP and will be visible on the MCA's website.