logo
logo
Community
Pricing
Sign in
menu-h

Can a Designated Partner in an LLP (India) Possess No Ownership

avatar
Legal services
Can a Designated Partner in an LLP (India) Possess No Ownership

A limited liability partnership, or LLP, combines the advantages of a company's limited liability with the freedom of a partnership. The LLP may continue to operate even if its partners change. The LLP can enter into contracts and hold assets in its own name. 


A separate legal entity, the LLP is liable for its assets in full, but the liabilities of its partners are limited to their agreed-upon investment. Because no partner is accountable for the actions of his or her fellow partners, partners are protected from joint liability as a result of another partner's unlawful business practices or misconduct.


The Limited Liability Partnership Act, 2008 governs LLPs. Each limited liability partnership india must include at least two partners, with two individuals serving as designated partners who take care of day-to-day operations. The designated partners must provide the consent letter. A partner or designated partner may be changed, removed, or added after being assigned.


What Are the Requirements to Become a Designated Partner in an LLP?


  • LLP members can be Indian nationals or foreign citizens who are living in India. 
  • Each LLP must have at least one Indian national as a designated partner. 
  • There are no age restrictions for becoming a designated partner, and individuals who have been flagged as payment defaulters by creditors such as private lenders cannot be chosen. 
  • The LLP-based firm model allows for individuals to be designated partners. Only people can become designated partners in the LLP, not private organisations, businesses, or other active companies.


What Documents You Must Provide from a Designated Partner


  • DIN of designated partner
  • Name proof and address proof of the person to be appointed 
  • PAN of the designated partner 
  • Consent to act as designated partner (in Form-9)
  • Details of any other partnerships/directorship, if engaged in any.


Can an LLP Designated Partner Handle No Ownership?


When a company is a partner in an LLP and has a nominee partner acting on its behalf, it is usually a sign that a designated partner does not own or contribute capital to the LLP.



collect
0
avatar
Legal services
Related Articles
LLP Company Registration- Benefits, Checklist, Documents Required, and Process
2022-04-29
img
You have arrived at the right place, click here to know everything about LLP registration. Get your LLP company registration from best company registration consultants now. What is LLP Registration? In India, Limited Liability Partnership (LLP) was established under the Limited Liability Partnership Act 2008 (which came into effect on 31st March 2009). Consequently, LLP registration is the process of registering an LLP firm by fulfilling certain obligations.
collect
0
What are the key things to know when registering an LLP? - Le Intelligensia
2022-12-31
img
Simplicity:Compared to the administrative process of founding a private limited company, forming a limited liability partnership (LLP) and maintaining it is pretty simple. A Limited Liability Partnership can be included if a Consultant for a Limited Liability Company in Bangalore submits the relevant information on the Ministry of Corporate Affairs website. To establish a limited liability partnership (LLP), you are required to fulfil the possible requirements that are given below:Designated Partners:A Limited Liability Partnership should have at least two and no more than 200 Designated Partners. You need at least two people to start a Limited Liability Partnership through the services for limited Liability company registration in Bangalore. There should be at least two Designated Partners in a Limited Liability Partnership and no more than 200.
collect
0
Partner and Designated Partner in an LLP: What is the Difference?
2023-05-22
img
What are the differences between Partner and Designated Partner in an LLPIntroductionThe differences between a partner and a designated partner are minor, but understanding these terms is essential when you are planning to obtain LLP company registration in India. Let’s have a clear idea on “What is the difference between a Partner and a Designated Partner in an LLP? DPIN (Designated Partner Identification Number)A Designated Partner Identification Number (DPIN) or Director Identification Number (DIN) is required for all Partners in an LLP. What is the difference between a Partner and Designated Partner in an LLP? For an LLP it is very crucial to understand the difference as it will help them in the smooth function of an LLP (Limited Liability Partnership).
collect
0
TOP 5 BENEFITS OF REGISTERING A BUSINESS AS AN LLP
2023-06-23
img
A limited liability partnership is a formal structure that offers all the business partners legal protection from the partnership's liabilities. By forming an LLP, they can avoid unlimited liability for business obligations as well as the partner's negligence. This means that all the profits and losses of the company are passed through the company to the business partners. Passive loss can be deducted only from other passive loss and income and not from the LLP's total income. With their expertise in LLP registration, we ensure a seamless and efficient process for establishing your LLP.
collect
0
LLP Registration - RegisterExperts
2021-09-16
img

Limited Liability Partnership is a mixture of partnership firm and a company.

It has the features of both company and firm.

In LLP the liabilities of the partners are limited but in partnership the liabilities of partners are unlimited.

In today's time, the LLP registration is a very popular business option between small or medium organisation and professionals, because the burden of compliances is very low.

Register Experts provide all the services which are related to the LLP registration and LLP compliances.

Our charges are very reasonable for LLP registration and compliances.

collect
0
LLP annual return form-11 due date extended.
2023-03-22
img
A huge relaxation for LLPs in that the LLP annual return form-11 due date has been extended. What's the LLP Annual Return Form 11? The LLP Annual Return Form-11 is the the most basic annual return that firms that have LLC Registration are required to submit. Within 60 days of the close of the financial period, LLP Annual Return Form 11 must be completed. "Information Source: MCA NotificationConclusionIn conclusion, the announcement regarding LLP Annual Return Form-11's due date being extended is a relief for companies.
collect
0
WHO TO FOLLOW
MORE FROM AUTHOR
Farmer Producer Organization - India
Legal services 2022-06-24
img
collect
0
Joint Venture Agreement Format India
Legal services 2022-06-24
img
collect
0
Succession Certificate Procedure - India
Legal services 2022-06-24
img
collect
0
Employment Agreement Format - India
Legal services 2022-06-24
img
collect
0
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more
WHO TO FOLLOW
Press enter to search  enter
articles
Register llp online,llp registration pune, llp registration india
2021-12-22
img
For more details visit - https://www. docsplanner. phpFor more details visit Apps - https://play. insurance. policyplannerPhone No - 18001200771
collect
0
Limited liability partnership
2021-09-23
img
As the name suggest,Limited liability partnership, or LLP is a kind of partnership firm wherein some or all the partners possess limited liabilities depending on the type of jurisdiction. LLPs are a flexible legal and tax entity that allows partners to benefit from economics of scale by working together while also reducing their liability for the actions of other partners. Having business partners means spreading the risk, leveraging individual skills and expertise, and establishing a division of labour. Benefits of Limited liability partnership: Low cost and less compliance NO requirement of minimum capital contribution The number of partners Taxation Aspect on LLP. It is easy to start and manage a business like entrepreneurs The operation of the partnership and distribution of profits is determined by written agreement between the members Procedure to register a company online: Step 1: Fill up a form Step 2: Make online payment Step 3: Our executive person will process the application Step 4: Get confirmation on mail Step 5: Start-up a private limited company Registration process of a Limited liability partnership online: Apply for digital signature certificate of the designated partners of the llp Apply for din of director identification number for all the designated partners Apply for checking name availability and applying for the name availability. Partners Identity Proof such as Aadhar card and Voter ID / Passport / Driving License.
collect
0
Can a designated partner in an Indian LLP (Indian) possess no ownership?
2022-12-16
img
The limited liability partnership also known as llp registration online offers the benefits of a limited liability corporation as well as the flexibility of the partnership. What are the requirements to be a Designated Partner within the LLP? Every LLP should have at minimum one Indian citizen as a partner designated. What Documents Must You provide from a designated partnerDIN of the designated partnerProof of address and name of the person who will be designatedPAN of the partner designatedConsent to be a designated partner (in Form 9)Details of any other partnerships/directorship, if engaged in any. Can an LLP designated Partner Manage No Ownership?
collect
0
Benefits of incorporating Limited Liability Partnership in India- Taxwink
2021-12-04
img
If you are desirous of registering an LLP, then why pay more. Register LLP with Taxwink at a very minimal cost and get the benefit of expert and professional services. Online Register an LLP in 5-7 days and get started. Register LLP at only Rs. 6000.
collect
0
Register llp online, llp registration pune - Docs Planner
2022-01-17
img
 Register llp online, llp registration pune - Get your llp registration online in Pune, India with 100% satisfaction guarantee. Restricted Liability Partnership substances, the overall perceived type of business association has now been presented in India via Limited Liability Partnership Act, 2008 principally helpful for Services Industry and expert association. A Limited Liability Partnership, likewise prevalently known as LLP which consolidates the advantages of both the Company and Partnership into a solitary type of association. For more details visit https://www. php 
collect
0
how to register llp online
2023-01-25
img
Checklist of LLP registrationHere is the checklist for LLP registration in Chennai. DSC Application The designated partner must apply for the Digital Signature Certificate prior to beginning the process of LLP registration in Chennai. Benefits of LLP registration in ChennaiLLP hat has LLP registration in Chennai has following advantages. in, LLP registration in Chennai is easy, but careful drafting of incorporation points is required. About SmartauditorWe Smartauditor are serving our valuable clients for LLP registration in Chennai.
collect
0
What are the 5 steps on How to Register an LLP and the costs for LLP in Indiranagar?
2021-07-02
img

LLP Company Registration in Indiranagar the LLP registration can be easily done digitally in an easier and in simpler way.

You should follow the 5 steps mentioned below to register LLP online: Step 1:Obtain DSC: A digital signature certificate of the appropriate person of the initiated LLP should be acquired before registering for LLP registration.

Step 2Apply for DIN: The immediate successive step is to register for the Director Signature Number of all the organized partners of the initiated LLP.

The system there will suggest other nearly resembling names based on the name you are searching for.

This will help in selecting the name which is not close to any trademarked name or existing name.

Step 4Incorporation of LLP The Form for incorporation of Limited Liability Partnership (FiLLiP) should be filed with the Registrar having authority in the state where the registered office of the LLP is situated.You should pay the fees as mentioned in Annexure ‘A’.With the incorporation form, a person can also register for the allotment of DPIN, if he or she is authorized as the designated partner in the LLP and does not have a DPIN or DIN.Then the application for allotment of DPIN is allowed for two individuals only.If the suggested name is authorized by the Central Registration Centre, then the authorized name should be filled as the name of the LLP.

collect
0
ALTN - new generation crypto asset officially registered in Kazakhstan
2024-02-29
img
On the high steppes of Kazakhstan, amidst vast expanses crowned by mountains, a unique cryptocurrency project was born - ALTNtoken, created by prominent entrepreneur and virtuoso blockchain researcher Hariri Ruslan. In his endeavor to bring innovation to the world of finance, Ruslan founded ALTN LLP, a trustworthy company registered in the heart of Kazakhstan. The pages of ALTN LLP business portal tell a fascinating story of how innovation and tradition have come together to create a unique crypto asset. By interspersing modern technology with the magic of tradition, ALTNtoken has become a bridge between the past and the future. The pages of the portal epitomize the modern Altai for entrepreneurs hungry for innovative solutions and unique opportunities.
collect
0
LLP Incorporation | Registration of Limited Liability Partnership Firm
2021-11-06
img

Not convinced with the registration of company and more comfortable in the partnership firm of business?

We have got you covered.

MCA who is the regulatory authority has made the LLP Registration simple like never before.

At Compliance Calendar, we have registered hundreds of LLPs across India and specialise the LLP Registration as well as its annual compliance.What is important to note here is that Like Companies, LLPs do not have MOA & AOA and instead, an LLP Agreement is executed post LLP Incorporation.

The amount of stamp paper to be bought shall be based on the capital contribution by partners of LLP and it varies from one state to another state based on their State Stamp Act.

We at Compliance Calendar can help you register your LLP hassle free as we have registered LLPs across India.LLP Firm Registration

collect
0
Best LLP Registration | Limited Liability Partnership Registration
2021-09-16
img
https://www.trademaark.com/limited-liability-partnership-llp-registration-in-india/ Online Limited Liability Partnership Registration, LLP Registration Fees in India, Limited Liability Partnership Registration companies in Mumbai, India
collect
0
LLP agreements: how should they be drafted?
2022-07-28
img
In an LLP Agreement, what are the essential elements? Introduction provisionsThis clause contains all the definitions and terms used in an LLP Agreement format, including designated partners, partners, contributions made by the partners, profit-sharing ratio, admission of new partners, business activities in an LLP, duration of the LLP, management, accounting, and auditing. The premises mentioned in the LLP agreement cannot be claimed by third parties. Place and manner of the meetingA LLP Agreement should specify the location of the meeting. Other types of provisions LLP Agreements can also include provisions regarding the remuneration of designated partners, transfer or assignment of rights, borrowing powers of partners, winding up, and circular resolutions.
collect
0
LLP Registration in Delhi
2022-01-10
img
The LLP Registration in Delhi gives its owners a limited liability right, but it requires special attention. The liability of the owners of a private limited company to creditors is limited. In the event of bankruptcy, banks and lenders can only sell the assets of the organization, not the assets of individual directors. LLP registration in Delhi can provide all of the above benefits.
collect
0
Navigating International Taxation, Trade Disputes, and Trademark Registration in Delhi with LEGALLANDS LLP
2023-05-18
img
Known for offering thorough legal services in the fields of international taxes, international trade disputes and litigation, and trademark registration, LEGALLANDS LLP is a well-known law practise with its headquarters in Delhi. For businesses in Delhi, LEGALLANDS LLP specialises in providing litigation services and resolving problems involving international trade. Offering thorough trademark registration services in Delhi, LEGALLANDS LLP helps clients protect their businesses and enforce their rights against infringement. Additionally, by filing lawsuits against infringers and taking part in settlement talks, LEGALLANDS LLP helps clients enforce their trademark rights. The Delhi-based LEGALLANDS LLP provides complete legal services in the areas of international taxes, international trade litigation, and trademark registration.
collect
0
LLP Vs. Company – We’re glad you asked!
2020-07-17
img

A physical presence in India is imperative to penetrate in the nation’s emerging market.

Foreign companies should consider state regulations, physical connectivity, and go-to-market costs when deciding about their Indian expansion.

Of equal importance is the form of company structure with a long-term view in mind.

Having the right company structure can mean the difference between success and wasted efforts.Visit: https://www.tecnovaglobal.com/blog/llp-vs-company-were-glad-you-asked/

collect
0
Register llp online,llp registration pune, llp registration india
2021-12-22
img
For more details visit - https://www. docsplanner. phpFor more details visit Apps - https://play. insurance. policyplannerPhone No - 18001200771
LLP Incorporation | Registration of Limited Liability Partnership Firm
2021-11-06
img

Not convinced with the registration of company and more comfortable in the partnership firm of business?

We have got you covered.

MCA who is the regulatory authority has made the LLP Registration simple like never before.

At Compliance Calendar, we have registered hundreds of LLPs across India and specialise the LLP Registration as well as its annual compliance.What is important to note here is that Like Companies, LLPs do not have MOA & AOA and instead, an LLP Agreement is executed post LLP Incorporation.

The amount of stamp paper to be bought shall be based on the capital contribution by partners of LLP and it varies from one state to another state based on their State Stamp Act.

We at Compliance Calendar can help you register your LLP hassle free as we have registered LLPs across India.LLP Firm Registration

Limited liability partnership
2021-09-23
img
As the name suggest,Limited liability partnership, or LLP is a kind of partnership firm wherein some or all the partners possess limited liabilities depending on the type of jurisdiction. LLPs are a flexible legal and tax entity that allows partners to benefit from economics of scale by working together while also reducing their liability for the actions of other partners. Having business partners means spreading the risk, leveraging individual skills and expertise, and establishing a division of labour. Benefits of Limited liability partnership: Low cost and less compliance NO requirement of minimum capital contribution The number of partners Taxation Aspect on LLP. It is easy to start and manage a business like entrepreneurs The operation of the partnership and distribution of profits is determined by written agreement between the members Procedure to register a company online: Step 1: Fill up a form Step 2: Make online payment Step 3: Our executive person will process the application Step 4: Get confirmation on mail Step 5: Start-up a private limited company Registration process of a Limited liability partnership online: Apply for digital signature certificate of the designated partners of the llp Apply for din of director identification number for all the designated partners Apply for checking name availability and applying for the name availability. Partners Identity Proof such as Aadhar card and Voter ID / Passport / Driving License.
Best LLP Registration | Limited Liability Partnership Registration
2021-09-16
img
https://www.trademaark.com/limited-liability-partnership-llp-registration-in-india/ Online Limited Liability Partnership Registration, LLP Registration Fees in India, Limited Liability Partnership Registration companies in Mumbai, India
Can a designated partner in an Indian LLP (Indian) possess no ownership?
2022-12-16
img
The limited liability partnership also known as llp registration online offers the benefits of a limited liability corporation as well as the flexibility of the partnership. What are the requirements to be a Designated Partner within the LLP? Every LLP should have at minimum one Indian citizen as a partner designated. What Documents Must You provide from a designated partnerDIN of the designated partnerProof of address and name of the person who will be designatedPAN of the partner designatedConsent to be a designated partner (in Form 9)Details of any other partnerships/directorship, if engaged in any. Can an LLP designated Partner Manage No Ownership?
LLP agreements: how should they be drafted?
2022-07-28
img
In an LLP Agreement, what are the essential elements? Introduction provisionsThis clause contains all the definitions and terms used in an LLP Agreement format, including designated partners, partners, contributions made by the partners, profit-sharing ratio, admission of new partners, business activities in an LLP, duration of the LLP, management, accounting, and auditing. The premises mentioned in the LLP agreement cannot be claimed by third parties. Place and manner of the meetingA LLP Agreement should specify the location of the meeting. Other types of provisions LLP Agreements can also include provisions regarding the remuneration of designated partners, transfer or assignment of rights, borrowing powers of partners, winding up, and circular resolutions.
Benefits of incorporating Limited Liability Partnership in India- Taxwink
2021-12-04
img
If you are desirous of registering an LLP, then why pay more. Register LLP with Taxwink at a very minimal cost and get the benefit of expert and professional services. Online Register an LLP in 5-7 days and get started. Register LLP at only Rs. 6000.
Register llp online, llp registration pune - Docs Planner
2022-01-17
img
 Register llp online, llp registration pune - Get your llp registration online in Pune, India with 100% satisfaction guarantee. Restricted Liability Partnership substances, the overall perceived type of business association has now been presented in India via Limited Liability Partnership Act, 2008 principally helpful for Services Industry and expert association. A Limited Liability Partnership, likewise prevalently known as LLP which consolidates the advantages of both the Company and Partnership into a solitary type of association. For more details visit https://www. php 
LLP Registration in Delhi
2022-01-10
img
The LLP Registration in Delhi gives its owners a limited liability right, but it requires special attention. The liability of the owners of a private limited company to creditors is limited. In the event of bankruptcy, banks and lenders can only sell the assets of the organization, not the assets of individual directors. LLP registration in Delhi can provide all of the above benefits.
how to register llp online
2023-01-25
img
Checklist of LLP registrationHere is the checklist for LLP registration in Chennai. DSC Application The designated partner must apply for the Digital Signature Certificate prior to beginning the process of LLP registration in Chennai. Benefits of LLP registration in ChennaiLLP hat has LLP registration in Chennai has following advantages. in, LLP registration in Chennai is easy, but careful drafting of incorporation points is required. About SmartauditorWe Smartauditor are serving our valuable clients for LLP registration in Chennai.
Navigating International Taxation, Trade Disputes, and Trademark Registration in Delhi with LEGALLANDS LLP
2023-05-18
img
Known for offering thorough legal services in the fields of international taxes, international trade disputes and litigation, and trademark registration, LEGALLANDS LLP is a well-known law practise with its headquarters in Delhi. For businesses in Delhi, LEGALLANDS LLP specialises in providing litigation services and resolving problems involving international trade. Offering thorough trademark registration services in Delhi, LEGALLANDS LLP helps clients protect their businesses and enforce their rights against infringement. Additionally, by filing lawsuits against infringers and taking part in settlement talks, LEGALLANDS LLP helps clients enforce their trademark rights. The Delhi-based LEGALLANDS LLP provides complete legal services in the areas of international taxes, international trade litigation, and trademark registration.
What are the 5 steps on How to Register an LLP and the costs for LLP in Indiranagar?
2021-07-02
img

LLP Company Registration in Indiranagar the LLP registration can be easily done digitally in an easier and in simpler way.

You should follow the 5 steps mentioned below to register LLP online: Step 1:Obtain DSC: A digital signature certificate of the appropriate person of the initiated LLP should be acquired before registering for LLP registration.

Step 2Apply for DIN: The immediate successive step is to register for the Director Signature Number of all the organized partners of the initiated LLP.

The system there will suggest other nearly resembling names based on the name you are searching for.

This will help in selecting the name which is not close to any trademarked name or existing name.

Step 4Incorporation of LLP The Form for incorporation of Limited Liability Partnership (FiLLiP) should be filed with the Registrar having authority in the state where the registered office of the LLP is situated.You should pay the fees as mentioned in Annexure ‘A’.With the incorporation form, a person can also register for the allotment of DPIN, if he or she is authorized as the designated partner in the LLP and does not have a DPIN or DIN.Then the application for allotment of DPIN is allowed for two individuals only.If the suggested name is authorized by the Central Registration Centre, then the authorized name should be filled as the name of the LLP.

LLP Vs. Company – We’re glad you asked!
2020-07-17
img

A physical presence in India is imperative to penetrate in the nation’s emerging market.

Foreign companies should consider state regulations, physical connectivity, and go-to-market costs when deciding about their Indian expansion.

Of equal importance is the form of company structure with a long-term view in mind.

Having the right company structure can mean the difference between success and wasted efforts.Visit: https://www.tecnovaglobal.com/blog/llp-vs-company-were-glad-you-asked/

ALTN - new generation crypto asset officially registered in Kazakhstan
2024-02-29
img
On the high steppes of Kazakhstan, amidst vast expanses crowned by mountains, a unique cryptocurrency project was born - ALTNtoken, created by prominent entrepreneur and virtuoso blockchain researcher Hariri Ruslan. In his endeavor to bring innovation to the world of finance, Ruslan founded ALTN LLP, a trustworthy company registered in the heart of Kazakhstan. The pages of ALTN LLP business portal tell a fascinating story of how innovation and tradition have come together to create a unique crypto asset. By interspersing modern technology with the magic of tradition, ALTNtoken has become a bridge between the past and the future. The pages of the portal epitomize the modern Altai for entrepreneurs hungry for innovative solutions and unique opportunities.