Home / Add Partner to LLP

Updated on 25 Oct 2020    9.00 AM IST | 4 min read

Add Partners or Designated Partners to LLP

LLP is run by its partners. LLP is a type of business entity that offers advantages of both company and a partnership firm. In the case of LLP, partner enjoys the benefit of limited liability and a separate legal entity. There are many reasons to add a new partner in LLP such as death of the existing partner, partner fired from the company due to negligence or misconduct in work etc. New partners are added or existing partners leave the organization but it does not affect the status of LLP but it surely impacts the business as well as the responsibilities of other partners. The changes are made in the partners and their details after getting the approval from ministry of corporate affairs (MCA).

In order to add a partner to an LLP, the consent of other partners must be obtained along with change in LLP agreement and application to MCA for approval. The application must be filed to MCA within 30 days from the effective date of change.

Any person proposing to become a partner must obtain a digital signature certificate (DSC) and director identification number (DIN). Any person who is having age of 18 years or above can obtain DIN. Indian nationals, foreign nationals, NRI’S can too obtain DIN and can be appointed as partners.


What Is Included In Our Package?

Eligibility Consultation

Document Preparation

Application Drafting

Government Fees

Documents Required For Adding A New Partner

  1. Passport size photograph
  2. PAN card copy
  3. Residence proof (Aadhar card/ Voter-id card/ Driving license)
  4. LLP agreement
  5. Digital signature certificate of the adding partner
  6. DIN number
  7. Form 3
  8. Form 4

Procedure for Adding Partner in LLP

The procedure for adding partner in LLP is as follows –

  • In the first step, the most important thing for any person proposing to become a partner in an LLP is that he/she should have Director Identification number (DIN) and Digital signature certificate (DSC). If not, he has to apply for the same first.
  • In the second step after getting DSC, proposed partner has to apply for DIN number in the form DIR-3 along with the identity and address proof.
  • After DIN is allocated to the proposed partner, consent of all the existing partners of LLP will be taken by holding a meeting and passing resolution to add a new partner in the partnership deed.
  • In the fourth step, a supplementary partnership deed will be drafted and the name of the new partner is added.
  • In the fifth step, written consent of the incoming partner will be taken.
  • After preparing all these documents, form-4 of LLP will be filed within 30 days of the appointment.
  • After filing form-4, form-3 will be filed along with original partnership and supplementary partnership deed within 30 days of appointment.
  • Finally, when all the forms filed become approved, the name of the proposed partner will be added on the website of ministry of corporate affairs (MCA).

Penalty

If company is unable to file form-3 & form-4 within 30 days, company will be charged with additional fee of Rs.100 per day.


Adding A New Partner FAQ’S

Yes, it is compulsory to obtain DIN before becoming a partner in an LLP.
DIR-3 form is used by a partner to apply DIN along with the identity and address proof.
Ministry of corporate affairs is responsible for approving application of new partner in an LLP.
If company is unable to file form-3 & form-4 within 30 days, company will be charged with additional fee of Rs.100 per day.
MEET US

What Clients Say

Customer delight is our main goal and we are very serious about it.


Prakash Verma

Prakash Verma

“Finacbooks.com is a perfect example of a great customer service dealing with the best of accountancy services.“

Prakash Verma Signature


Praveen Chauhan

Praveen Chauhan

“They offered us good quality services in a least possible time at a best Price.“

Praveen Chauhan Signature


Pradeep Kochhar

Pradeep Kochhar

“Finacbooks.com is a trusted network of highly qualified accounting professionals who not only provided us quality accountancy services but also supported us by answering our each & every query on time without any delay. “

Pradeep Kochhar Signature

Informational, useful and resourceful

Blogs

Catch up our trending topics, news etc. in a simple, detailed and most professional way.

Form 67: Claim Foreign Tax Credit in India
24 Oct, 2020

What is a foreign tax credit? As you know that people residing in the home country (India) get wider opportunities of job or work and... Read More

How businesses can recover after COVID-19?
19 Oct, 2020

No one ever thought of a pandemic like Covid-19 that not only shaken the world and its economy but also shut down operations all over the... Read More

Section 194IC of Income Tax Act: TDS on Payment under Joint Development
08 Sep, 2020

What is Section 194IC of the Income Tax Act Any person who is paying rent to a land owner (owner of land or building or both) under the... Read More

Due Dates

  • GSTR 3B for August 2020 (15 States/UT’s - Chhattisgarh, MP, Gujarat, Daman and Diu, Dadra and Nagar Haveli, Maharashtra, Karnataka, Goa, Lakshadweep, Kerala, TN, Puducherry, Andaman and Nicobar Islands, Telangana and Andhra Pradesh) Oct 1st, 2020
  • GSTR 3B for August 2020 (22 States/UT’s - Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand, Odisha, Jammu and Kashmir, Ladakh, Chandigarh, Delhi) Oct 3rd, 2020
  • GSTR 1 for September 2020 (turnover more than INR. 1.50 Crore) Oct 11th, 2020
  • Monthly GSTR 6 for September 2020 Oct 13th, 2020
  • Monthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for September 2020 Oct 10th, 2020
  • Monthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for September 2020 Oct 10th, 2020
  • CMP 08 for July to September 2020 Oct 18th, 2020
  • GSTR 5 (Non-Resident Foreign Taxpayers) Monthly Filing Due Date for September 2020 Oct 20th, 2020
  • GSTR 5A (Non-Resident OIDAR Service Provider) Monthly Filing Due Date for September 2020 Oct 20th, 2020
  • GSTR 3B for September 2020 (Annual Turnover of more than Rs 5 Cr in Previous FY) Oct 20th, 2020
  • GSTR 9 and 9C (Annual Return) FY 2018-19 Dec 31st, 2020
  • GSTR 1 (Quarterly) for July to September (Summary of outward supplies where turnover is upto Rs 1.5 crore) Oct 31st, 2020
  • Annual GSTR 4 for FY 2019-20 Oct 31st, 2020