Can a person be a partner and designated partner both?
partner
designated
Respected members
In a proposed LLP, we note the Designated Partner has his signature in Gujarati. The LLP agreement is in English.
Is it fine for a Designated Partner to sign the agreement and consent forms in Gujarati or the ROC requires any vernacular declaration from the Designated Partner confirming that that the content of the LLP Agreement and other forms were read out and explained to him in Gujarati and he confirms to have understood the same. Jurisdictional ROC is ROC Mumbai.
In our office, generally the LLP agreement is not notarized and we as Practising Professionals sign the Agreement as 2 witnesses quoting our membership number.
Kindly guide.
language
vernacular
partner
designated
signature
Can anyone please provide me draft documents required for execution of event in case of death of designated partner & Partner in an LLP under llp act, 2008 . we want to execute the death case of partner and appointment of new designated partner in his place and intimate and get it done with ROC , MCA and Other Goverment Authorities .
can you please send me step wise process along with draft documentations .
when to surrender his DPIN etc
accounting treatments and other things i am aware of need legal aspects to be done with ROC AND MCA . part - VIII OF LLP RULES , CESSATION OF PARTNERSHIP INTEREST WILL COME INTO PLAY STILL NEED STAGES AND DETAILED PROCESS AND DRAFT DOCUMENTATIONS .
PLEASE HELP ME IN THIS REGARD ITS VERY URGENT .
24. CESSATION OF PARTNERSHIP INTEREST.—(1) A person may cease to be a partner of a limited liability partnership in accordance with an agreement with the other partners or, in the absence of agreement with the other partners as to cessation of being a partner, by giving a notice in writing of not less than thirty days to the other partners of his intention to resign as partner. (2) A person shall cease to be a partner of a limited liability partnership— (a) on his death or dissolution of the limited liability partnership; or (b) if he is declared to be of unsound mind by a competent court; or (c) if he has applied to be adjudged as an insolvent or declared as an insolvent. (3) Where a person has ceased to be a partner of a limited liability partnership (hereinafter referred to as "former partner"), the former partner is to be regarded (in relation to any person dealing with the limited liability partnership) as still being a partner of the limited liability partnership unless— (a) the person has notice that the former partner has ceased to be a partner of the limited liability partnership; or (b) notice that the former partner has ceased to be a partner of the limited liability partnership has been delivered to the Registrar. 12 (4) The cessation of a partner from the limited liability partnership does not by itself discharge the partner from any obligation to the limited liability partnership or to the other partners or to any other person which he incurred while being a partner. (5) Where a partner of a limited liability partnership ceases to be a partner, unless otherwise provided in the limited liability partnership agreement, the former partner or a person entitled to his share in consequence of the death or insolvency of the former partner, shall be entitled to receive from the limited liability partnership— (a) an amount equal to the capital contribution of the former partner actually made to the limited liability partnership; and (b) his right to share in the accumulated profits of the limited liability partnership, after the deduction of accumulated losses of the limited liability partnership, determined as at the date the former partner ceased to be a partner. (6) A former partner or a person entitled to his share in consequence of the death or insolvency of the former partner shall not have any right to interfere in the management of the limited liability partnership.
Can an individual who is the nominee of a body corporate ( designated partner) in LLP be added in the LLP as designated Partner?
partner
designated
appointment
Can anyone please tell what is the procedure to be followed for change of designation from Whole Time Director to Director in a Private Limited Company?
company
director
designation
change
Can anyone please tell what is the procedure to be followed for change of designation from Whole Time Director to Director in a Private Limited Company?
director
time
whole
designation
change
Hi professionals,
Can auditors give resignation on the basis of grounds of pre-occupation?
As one of my fellow friends advised that, ROC give re-submission on this reason on filing form ADT-3.
Therefore, need confirmation
auditor
resignation
Hi professionals,
Can auditor give resignation on the basis of grounds of pre-occupation.
As one of my fellow friend advised that, ROC give re-submission on this reason on filing form ADT-3.
Therefore, need confirmation.
auditor
resignation
Dear members,
Can an extract of resolution be signed by a same director to whom the authorisation is given to execute security document.
Mr.A is authorised. Can Mr.A sign the extracts.
extract
resolution
board
signing
regarding
Dear members
Can an extract of resolution be signed by a same director to whom the authorisation is given to execute security document.
Mr.A is authorised. Can Mr.A sign the extracts.
extract
resolution
board
signing
regarding
Dear members
for filing the BEN 2 relating to " change in significant beneficial interest" then whether we have to fill only the changes in the shareholding or we have to give the complete data as we had given in the BEN 2 filed originally i.e. "for declaration of Significant Beneficial Ownership under Section 90".
pls confirm.
interest
beneficial
significant
change
relating
No, as per Rule 8(6) of Companies (Registration Offices and Fees) Rules, 2014, only signed and scanned documents can be attached with form.
attachment
unsigned
filing
