HomeAdding a Designated Partner
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!
Here’s How It Works
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
Excellent service and support. Vakil Search Team is very supportive and professional. I Really appreciate the service and support from the team.
Rachna Pathania
Founder & CEO of SchnellTek Software Pvt. Ltd.
Zolvit has been our legal service provider for quite a long time! Our experience with them has been great, especially the speed and proficiency with which they deliver their services. We recommend them!
Satya Vasireddy & Sravani Vasireddy
Founders of Lovely Chocos
Zolvit is exactly what it does. Legal is simple. We went to Zolvit to register our Trademark during the lockdown and everything was done online with ease. We never even had to step out of the house. It was truly a digital experience.
Adarsh Agarwal
CEO & Developer of Golghar.com
Here’s What You’ll Need
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
Why Should I Use Zolvit for LLP Registration?
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Zolvit can assist you in onboarding a new designated partner for your LLP in little to time. Our experts handle everything from the get-go so that you can focus on other pressing matters in your business.
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.
FAQ's
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?
An Overview on Adding a Designated Partner
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.
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Authorised Signatory
Penalty
Filing Returns
Inspection
Reimbursement
Checklist for Adding a Designated Partner
- The applicant must be at least 18 years old.
- He must have a unique identification number (For instance, Aadhaar Card)
- Each LLP must have at least two designated partners
- The individual must be of sound mind
- The individual should not have committed fraud.
- At least one designated partner must be a resident Indian national.
- The proposed designated partner should not have declared bankruptcy in the previous five years.
- The other designated partners must provide a consent letter
- The individual must also have good relations with creditors.
How to Apply for Adding a Designated with Zolvit
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.