Add a Designated Partner
A designated partner is the same as an ordinary partner in a partnership. But he also performs the duties of the director in an LLP. The main difference is that designated partners are appointed only in an LLP.
- All LLPs need at least two designated partners.
- Out of these two partners, at least one designated partner must be a resident of India.
- Further, he must be an individual, and
- He must have a valid Director Identification Number (DIN).
Duties of Designated Partner
- Compliance with the LLP Act and,
- Filing of documents such as returns, reports, and statements.
Allotment of DPIN and Documents Needed
Before becoming a designated partner, an individual needs a DPIN. It takes 3-4 days for allotment of DPIN. You need the following documents for a DPIN. Please make sure that these documents are in the name of applicant.
- DPIN Form 7.
- Good quality photograph.
- Self-attested (twice) and certified photo which is pasted on a plain paper.
- ID proof.
- Address proof.
- Digital Signature Certificate (DSC).
Please make sure that all the details of certifying authority as well as his seal are clearly visible.
A foreign national must provide a copy of his passport as well. Moreover, he needs attestation from either the Indian Embassy or a notary in his home country. The MD, CEO, or CS of the company in India where he is a director can also attest the documents.
Before you can add a designated partner to your LLP, you need to call a meeting of existing partners and get their approval. You also need to obtain consent from the individual who is the proposed designated partner.
Fee for Adding a Designated Partner
The government fee is nominal and starts from as low as Rs. 50. The professional fee depends on your needs.
Timeline for Adding a Designated Partner
It usually takes around 30 working days. But please note that it might take longer. This is because it depends on the submission of all relevant documents and details from your end.
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