Removal of Partner
Remove or retirement of a partner from an LLP in simple and quick process
Know more about Removal of Partner
Partners are an integral part of LLP; Partner can come and go however; it will not affect the existence of LLP. Partner may decide to resign for any reason or he may get retire, so for that, the due process needs to be followed to give effect in MCA data.
Wisefilings is here to guide you with the complete procedure for the removal of partner from an LLP. It will keep you compliant and away from the penalties levied by MCA. Be Wise Be Compliant!
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Required Documents for Removal of Partner
- Certificate of Incorporation of LLP
- LLP agreement
- Details of Partner to be removed
How to remove a partner from an LLP?
- Collection of Information and documents
- Drafting of Supplementary Agreement
- Filing of Forms with MCA
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Removal of Partner
The MCA needs to be informed in 30 days from the effective date of Resignation.
Yes, the LLP Agreement needs to be amended to give the effect of Resignation.
Till the date of Resignation, the Partner is liable for all his actions, after that he is not responsible for any act.
DIN is the number availed for becoming a Partner or Director in any Company or LLP, thus on Resignation, it is not necessary to surrender DIN.
On late filings, the MCA will charge late fees that is Rs.100/- per day.
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