The changes in the Partners take place due to various requirements including the need for capital and expertise. Partners in an LLP are responsible for the carrying on the business of the LLP. Any person over the age of 18 years can become a Partner in an LLP.
Partners of an LLP are bound to carry on the business of the LLP to common advantage, to be just and faithful to each other, and to render true accounts and full information of all things affecting the firm to any partner.
Every Partner of an LLP is required to indemnify the LLP for any losses caused to it by a fraud in the conduct of the business of the firm. All Partners have right to take part in the conduct of the business of the LLP and access to inspect and copy the book of accounts of the LLP. The authority of a Partner to bind the LLP, in case of a transaction carried on, in the usual way business is carried on by the LLP, binds the LLP. All property, rights, and interest in assets (tangible or intangible) acquired or developed with the money of the LLP are deemed to belong to the LLP.
Required Documents:- (All copies of documents should be self attested by the customer)
Drafting necessary Resolutions
Filing MCA Forms
Updated Master Data from MCA
Process for Add partner:
Please refer the Partnership Agreement of your LLP
If not, then you could simply Pass a resolution to the effect that a Partner is resigning
Another resolution for induction of a Partner
You need to intimate the same to MCA through Forms
Revising the Partnership Deed