DEATH OF DESIGNATED PARTNER

[Ekta Saxena]

What is the procedure in case of death of Designated Partner in nthe LLP?

[Manish Lalwani]

Hi. 

If the LLP is stuck in a position wherein they only have 2 designated partners and 1 is died, than in such a case, you have to firstly appoint a new designated partner filing LLP Form-4 (Notice of appointment, cessation, change in name/ address/designation of a designated partner or partner. and consent to become a partner/designated partner) and LLP Form-3 (Information with regard to limited liability partnership agreement and changes, if any, made therein) along with a Supplementary deed. 

If the LLP has more than 2 designated partners, than the above process is enough. 

After new DP appointment procedure is completed, than you may carry on the process of striking off the LLP. 

Note :-  before appointing any new designated partner, do check whether he/she has a DIN/DPIN. If not, than firstly you have to file LLP FORM DIR-3 (Application for allotment of Director Identification Number). 

Thanks & Regards, 

Manish Lalwani 

On Wed 9 Jun, 2021, 10:52 AM Ekta Saxena, <csektas...@gmail.com> wrote:

What is the procedure in case of death of Designated Partner in nthe LLP?

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[Ekta Saxena]

Thanks Manish Ji

Can anyone share the draft LLP Agreement in respect of this?

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[Manish Lalwani]

A draft LLP Supplementary agreement was shared by someone on this cs mysore group. A am attaching the file for your reference. 

In mumbai, we use ₹500 stamp paper. Do check yours. 

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