Designated Partners. The designated partners shall be nominated, elected and appointed by the partners from time to time as they may deem fit and proper in accordance with the provisions of the LLP Act, 2008 and Rules made there under. The following shall be first Designated Partners of the LLP: A new partner may be introduced with the consent of all the partners on such terms and conditions as the partners may agree with the person to be introduced as a partner in the LLP. However, the terms and conditions on which the new partner(s) is/are introduced shall be in accordance with the provisions of the Act and Rules made thereunder and if the same are different from the provisions of this Agreement, then this agreement shall be revised accordingly to incorporate the changed terms and conditions. Change in Designated Partner The LLP may appoint or remove a Designated Partner with the approval of majority of its Partners. In any decision concerning the removal of a Designated Partner, the Concerned Designated Partner shall also be a party and shall be entitled to vote.
Designated Partners. In accordance with the requirements ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ 2008 , ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ : [name] and [name] who shall be jointly responsible ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Designated Partners. 9.1 The First Designated Partners of the LLP as named in the Incorporation Document are :- 1 Name of the individual representing Body Corporate 00000000 2 Name 00000000
9.2 The said Designated Partners have given their consent to act as Designated Partners of the LLP
Designated Partners. The parties stated as First to Fourth Part shall become the Designated Partners on signing this agreement and on payment of respective contribution amounts specified in Clause-6(a) below. In case of any alteration in partnership, new partners as mutually agreed may be appointed as designated partners without having to change this agreement. Any designated partner may be removed with unanimous consent of all partners/ parties.
Designated Partners. Designated Partners are responsible for filing forms and submitting accounts to Companies House. The Partners represented on the Executive Committee shall be the Designated Partners for the Authentic Business Network.
Designated Partners. Under the LLPA 2000, there must be at least one person who is personally liable for the ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Designated Partners i. Every LLP shall be required to have at least two Designated Partners who shall be individuals and at least one of the Designated Partner shall be a resident of India. In case of a LLP in which all the partners are bodies corporate or in which one or more partners are individuals and bodies corporate, at least two individuals who are partners of such LLP or nominees of such bodies corporate shall act as designated partners.
ii. The Designated Partners of the LLP shall be awarded an additional interest of 30% each in the LLP for their contribution to running the day-to-day business of the LLP in the form of sweat equity, and the interest of other Partners shall be reduced in proportion to the same.
iii. The Designated Partners of the LLP shall be entitled to withdraw up to INR 1,50,000/- (Rupees One Lakh Fifty Thousand Only) per month as remuneration for their contribution towards running the day-to-day business of the LLP.
iv. The Designated Partners reserve all exclusive rights over the Intellectual Property of the LLP.
Designated Partners. There must be at least one person who is personally liable for the statutory ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Designated Partners. In accordance with the requirements of the Limited Liability Partnerships Act 2000, ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
Designated Partners. There must be one or more designated partners. Although the Act says someone must be responsible, that does not mean he/she must do it personally. ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ ■ .
