add remove partner

We ensure smooth onboarding of the new partner.
LLP partnership agreement process takes place during the registration of the company.
Likewise, the addition /removal/ resignation/retirement of partner(s) warrants changes in the LLP agreement, and filed with MCA.

why register with earendil

Our Chartered Accountant will guide you through the process. He/she will be your single point of contact for registration assistance and for all other services that we offer.
Our motto is “You only do what you do best; to us, leave the rest”. We assure that once we start our relationship, you wouldn’t have to think about the areas which we handle.
We take care all the documentation and follow up with the Ministry of Corporate Affairs to ensure that the addition/removal of the Partner is registered with Registrar of Companies at the earliest.
We want you to not just Start Your Business, but also Run Your Business. With us, your first month of compliances such as TDS, GST and processes such as payroll and accounting are free to ease you into your business.
We will also assist you with setting up and documenting Standard Operating Procedures (SOPs) for your business.

The number of designated partners in an LLP should be a minimum of two individuals and not a firm/association/company.
The designated partners will be responsible for the entire administration process in LLP.
As per the LLP Act, all the actions in an LLP is vested upon them.
Adding partners can be done by passing a resolution in the firm and filing the same and relevant Forms (Form 3) with the Registrar of Companies.
Indian National, Non-resident Indians, and Foreign Nationals can be a designated partner of an LLP firm in India.

A person adjudged insolvent within the preceding 5 years.
A person who has defaulted in the payment made to Creditors within the preceding 5 years and has not made a composition with them.
A person convicted by a Court for an offense involving moral turpitude involving a sentence of not less than six months.
A person involved in any act of fraud.
A person is below the age of 18 years.

Digital Signature Certificate (DSC).
Designated Partner Identification Number (DPIN).
Consent Letter of the proposed designated partner.
Scanned copy of Photographs.
Color printouts of following Identity and Address Proofs of the proposed partner(s).
Occupation and educational qualifications.
Self-attested PAN Card.
Self-attested Driving License/Passport/Voter ID.
Documents of capital contribution of the proposed partner(s).

The supplementary deed is made with relevant changes in the old partnership deed during the addition/removal of partners in the company.
Once a supplementary deed is drafted it has the same validity period as the original LLP agreement.
LLP agreement will be in force until or unless there is any alteration made in supplementary deed as in the case of addition/removal of partners.

Removal of partner should be filed with MCA along with relevant forms to take effect just like the addition of partner.
Resignation/expulsion of partner(s) should be done with prior notice in writing to all the members of the company.
Form 4 must be filed within the 30 days of the board resolution for the removal to take effect.

A designated partner may cease to be a partner in LLP for many reasons, but the liabilities incurred in his tenure will not end and the partner will still be accountable for the same.