Here’s everything you need to know:
The following are the requirements of a newly appointed LLP partner:
Step 1: Get identity proof
To add a designated partner, DIN and DSC must be acquired and processed.
Step 2: Organise a meeting and draft a deed
The decision to add a designated partner will be made in a meeting in accordance with the partnership deed. The supplementary partnership deed will be amended to include the new partner's name.
Step 3: File Form-4
The new partner is required to submit Form-4 within 30 days of being appointed. This form must be submitted by the LLP along with the original and additional deed.
Step 4: File Form-3
Within 30 days of the appointment, form-3 must be completed, filed, and processed along with the partnership deed.
Step 5: Update the database of the MCA
The name of the new designated partner will be added to the LLP and can be seen on the MCA (Ministry of Corporate Affairs) website once all the procedures have been completed.
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