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    Cessation of DP

    Posted By : Sachin / Published on : 30-Jan-2021 01:55 PM / View : 319 / Comment : 0

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    Dear All

    In a LLP, there were 2 Designated Partners (DP). Out of these 2 DPs, one DP died on 29.12.2020. The LLP is executing, supplementary LLP deed on current date to take note of cessation of DP w.e.f. 29.12.2020 and appointment of one new DP w.e.f. 06.01.2021.

    Now, my query is as follows:

    1. Can LLP execute supplementary LLP deed at the current date appointing a DP effective from 06.01.2021 (from back date)?

    2. How to file Forms 3 and 4, as there are 2 event dates and one is beyond 30 days?

    3. If Forms 3 & 4 will be first filed for cessation, the system will not allow it, as minimum no. of DP would become below 2.

    Please advise how to proceed in such a case.
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