ADD OR REMOVE A PARTNER OR DESIGNATED PARTNER (LLP)

Magus can help you with addition or removal of Partner or Designated Partner in a hassle-free manner within a reasonable time span and competitive professional fee which starts from Rs. 2999/-

Post LLP’s incorporation, for multiple reasons, it may become essential to add or remove a partner or a designated partner in the LLP. For instance, the introduction of new investors, amendment in existing terms of Partners, resignation and/ or retirement of a Partner, etc.. Certain relevant queries in connection with the same have been dealt below.

Designated Partner Only an individual can be a designated partner in an LLP Partner Any person including individual, Body Corporate, Company, LLP, Partnership firm can become a partner in an LLP
There could be various reasons for the same. For instance:
  • Appointing people with right skill set;
  • Infusion of fresh contribution/ investor;
  • Change in existing understanding/ terms of the Partners;
  • Resignation of existing Partner or Designated Partner;
  • Incapability of existing designated partner to take charge; etc.
The removal may be voluntarily (i.e., at the Partner’s own volition) or through vacation by other Partners.
  • Creation/ generation of a Digital Signature Certificate (DSC) and Designated Partner Identification Number (DPIN) of the proposed Partner or Designated Partner.
  • Obtaining written consent of existing Partner or Designated Partner
  • Passing Resolution for admission of Partner or Designated Partner
  • Preparation and Execution of supplementary LLP Agreement
  • Preparation and filing E-form 3 for change in LLP Agreement
  • Preparation and filing E-form 4 for addition of new Partner or Designated Partner
 
  • Obtain written resignation letter from the retiring Partner or Designated Partner
  • Passing of Resolution of retirement/removal of Partner or Designated Partner
  • Preparation and Execution of supplementary LLP Agreement
  • Preparation and filing E-form 3 for change in LLP Agreement
  • Preparation and filing E-form 4 for retirement/removal of new Partner or Designated Partner
The process of addition or removal of Partner or Designated Partner takes around 1 week, subject to submission of correct information and complete documentation.
Magus can help you with addition or removal of Partner or Designated Partner in a hassle-free manner within a reasonable time span and competitive professional fees. To know more, please book a telephonic appointment with one of our consultants free of charge.  
2999 Including gov fee

ELEMENTAL

  • Filing of LLP 3 (Change in LLP Agreement)
  • Filing of LLP 4 (Addition/ Cessation)
  • Preparation of Supplementary LLP Agreement
  • Preparation of Resolution
4999 Including gov fee (Popular)

ENRICHED

  • Filing of LLP 3 (Change in LLP Agreement)
  • Filing of LLP 4 (Addition/ Cessation)
  • Preparation of Supplementary LLP Agreement
  • DSC of 1 Proposed Partner/ Designated Partner
  • DIN of 1 Proposed Partner/ Designated Partner
  • Preparation of Resolution
6499 Including gov fee

SUPREME

  • Filing of LLP 3 (Change in LLP Agreement Addition)
  • Filing of LLP 4 (Addition)
  • Preparation of Supplementary LLP Agreement
  • DSC of 1 Proposed Partner/ Designated Partner
  • DIN of 1 Proposed Partner/ Designated Partner
  • Preparation of Resolution
  • Filing of LLP 4 (Cessation)
  • Filing of LLP 3 (Change in LLP Agreement Cessation)

* Terms & Conditions

Please note that the above plan includes applicable Govt. Fees

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