LIMITED LIABILITY PARTNERSHIP INCORPORATION AND KEY POINTS:
Limited Liability Partnership (LLP) Act came into force for most part, on 31st March, 2009 followed by its Rules on 1st April, 2009.
It is hybrid form which incorporates benefits of both partnership and companies. It has the following features:
1. Separate legal entity in the eyes of Law.
2. Cost of incorporation is very less.
3. Small Entrepreneurs can opt for LLP.
ADMISSION AND CESSATION OF DESIGNATED PARTNERS / PARTNERS.
An individual can be admitted to become a partner in the LLP with the consent of other partners of the LLP and in accordance with the provisions of (section 25) of Limited Liability Partnership Act, 2008.
In same manner Cessation of Designated Partner can take place after he gives Notice of his Resignation letter and respective Forms are filed for the same for the LLP.
FILING OF SUPPLEMENT LLP AGREEMENT:
For Admission of Partner/Designated Partner, Cessation of Designation Partner/Partner, e-Form 3 and e-Form both are required to be filed.
The rights and obligations of the admitted Partner/Designated Partner shall be determined vide agreement entered into the LLP and its other partners.
e-Form 3.
Attachments:
- Original LLP Agreement
- Supplement LLP Agreement. This form shall be filed within 30 days of the admission/Cessation of the new partner
e-Form 4.
Attachments:
- Consent of existing Partners / Designated Partners for Admission of New Partners/ Designated
- Resignation letter of exiting Partner/Designated Partner
CHANGE IN DESIGNATION FROM PARTNER TO DESIGNATED PARTNER:
Refer below third question from the quick updates to understand on e-Form filing for change in Designation from Partner to Designated Partner.
Even LLP Agreement should be referred before filing e-Form, to understand the points drafted in the LLP Agreement.
QUICK UPDATES:
Q.1 In Case of Admission / Cessation of Designated Partner / Partner is e-Form 3 and e-Form 4 both required to be filed?
Ans. Yes, e-Form 3 and e-Form 4 both are required to be filed for Admission / Cessation of Designated Partner / Partner.
Q.2 How will both e-Form 3 and e-Form 4 will be filed together for Admission / Cessation of Designated Partner / Partner ?
Ans. In Linked Form both the e-Forms will be filed together.
First click on linked Form, first attach Form e-Form 3, then e-Form 4 will be attached together and then both will be uploaded together.
Q.3 Which form is required to be filed in case of Change in Designation of Partner to Designated Partner ?
Ans. Only e-Form 4 is required to be filed in case of Change in Designation of Partner to Designated Partner.
Q.4 How much Stamp Duty is required to be paid on LLP Agreement ?
Ans. Stamp Duty is to be paid as per the Stamp Duty of the State.
Q.5 Is there any minimum Stamp Duty required to be paid?
Ans. If there is no Change in Contribution, no change in figure, then no additional Duty is required to be paid only Minimum Duty is required to be paid.
Ex: As per State of Maharashtra, minimum Stamp Duty is Rs. 500, So only Rs. 500/- duty is to be paid, if there is no change in Contribution.
Q.6 How can one pay Stamp Duty on LLP Agreement?
Ans. Stamp Duty can be paid through below link
https://gras.mahakosh.gov.in/echallan/#
One can even use Stamp Paper to pay the Duty.
Even Franking can be done through respective bank, to pay the Duty on the LLP Agreement.
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Please refer all the relevant section, rules, notifications, amendments as applicable. The Author is not responsible for any losses incurred.
Content is merely for sharing knowledge. For any queries, Author can be reached at kinnarimakwana11@gmail.com or 9773763430
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I am getting the same error while changing designation of Partner to DP. No data for this DPIN
can anyone help?
any one have solution for No data for this DPIN Error – in Filing Form LLP – 4 for Change in Designation
Is there any solution for ‘ No data for this dpin’
For change in designation from partner to designated partner in form 4 LLP there is an error as ‘NO DATA FOR THIS DPIN’.
Can some one guide please ?
Hi Did u get any solution for this error ..?
Hi pooja did u get any solution for this query. NO DATA FOR DPIN
Even i got the same error. Did you find any solution for the same
Even i got the same error. Did you find any solution for the same
Have You got solution to the query- No Data For This DPIN Error in Filing Form LLP 4 For Change in Designation.
If yes, Plz share the solution as I am also facing the same issue.
For change in designation from partner to designated partner in form 4 LLP there is an error as ‘NO DATA FOR THIS DPIN’.
Can some one guide please ?
Hey, is the Discrepancy solved ? I am also facing the same issue? kindly guide me over if you know how to proceed
Please let us know how did u proceed for this error ?
Have you got any solution?
Have you got any solution?
Submit web-form DIR-3 KYC-WEB of concerned partner through the MCA web service.
Then prefill button will work
what if partner isn’t eligible for KYC this year as DPIN obtained in july 2021.
In case of cessation of individual partner, do we need to file form 3 also along with form 4?
There are 3 Designated partner in LLP, 1 of them wants to become a partner in aforesaid llp, so do u hav procedure?
What can act as evidence of cessation for a partner in LLP if he/she is a non resident and acquiring his/her consent (in the form of a resignation letter or so) is not a plausible option?