Designated Partner under Limited Liability Partnership

Posted on 05-05-2016        By ADMIN

DesignatedPartner under Limited Liability Partnership
Designated Partner’ means a partner who is designated as such in theincorporation documents or who has become designated partner by and accordancewith ‘Limited Liability Partnership Agreement’.
In case of an LLP in which all the partners are body corporate or in which oneor more person are individual or bodies corporate, at least two partner ornominees of bodies corporate shall act as a designated partner.
The designated partner shall responsible for all act, matters and things to bedone by LLP in respect of all compliances, rules and provision of the Act.

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