Add A Designated Partner

Add A Designated Partner

Dated : 11 Sep, 2018

Posted In : Company Law News


What is Add a Designated Partner?

Designated partners are those who manage all day to day affairs of the company under company common seal. In case of a Limited Liability Partnership, there are at least two designated partners. One designated can have the power to add a new designated partner. These partners must have a Director Identification Number and their names must appear in the LLP agreement.
Eligibility Criteria for becoming a Designated Partner:
Only Individual can be appointed as Designated Partner in LLP.
The Person appointed as a Designated Partner in LLP must have a Valid Director Identification Number.



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