Board Resolution for Admission of New Partner in Limited Liability Partnership [LLP]

Board Resolution for Admission of New Partner in Limited Liability Partnership [LLP]

The inclusion of a new partner in a Limited Liability Partnership (LLP) is a pivotal moment that necessitates meticulous adherence to legal protocols. This guide provides a comprehensive overview of the essential board resolution required for the admission of a new partner, as per the Limited Liability Partnership Act, 2008. By following the structured framework outlined in this document, LLPs can ensure a seamless integration of new partners, reinforcing the partnership’s foundation while complying with statutory regulations. The resolution includes crucial elements such as the appointment of the new partner, acknowledgment of their consent to serve, amendments to the LLP Agreement, and the authorization of designated partners to complete necessary formalities, encapsulating all necessary steps to formalize the admission in a legally sound manner.

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Format of The Resolutions Passed in The Meeting of Designated Partners/Partners Of [LLP Name] In the Meeting Held On [Day], [Date] Day Of [Month] [Year] At [Time] At the Registered Office of The Company [Address of Registered Office of The Company]

 ADMISSION OF NEW PARTNER MR./MS. [NAME] HOLDER OF DPIN [   ……..]  

“RESOLVED THAT pursuant to the provisions of section 7 and 25 of the Limited Liability Partnership Act, 2008 (‘’the Act’’) read with Rule 10 and 22 of the Limited Liability Partnership Rules, 2009 (‘’the Rules’’) and any other applicable provisions of the Act and the Rules made thereunder alter the Clause 6 of the LLP Agreement admission of New Partner i.e., Mr./Ms. [NAME] holder of DPIN [………….], with the consent of the remaining Designated Partners, be and is hereby appointed as Designated Partner of LLP.

RESOLVED FURTHER THAT the consent letter furnished by Mr./Ms. [NAME] to act as a Designated Partner of the LLP as tabled before the Partners be and is hereby noted.

RESOLVED FURTHER THAT the draft of the amended LLP Agreement [Dated] in order to give effect to the above resolution be and is hereby approved.

“RESOLVED FURTHER THAT  Mr.……………. and Ms………………, Designated Partners, of the LLP, be and are/is hereby jointly /severally authorized to take all such steps as may be necessary, proper or expedient to give effect to this Resolution and to execute, sign and file necessary documents, e-form with Registrar of Companies/MCA Portal”.

//certified true copy//

For [LLP NAME]

NAME:

PARTNER

DPIN NO.