designated partner definition

designated partner means any partner designated as such pursuant to section 7;

designated partner means, in relation to a limited liability partnership, any partner identified as such in the declaration or, if none, the partner whose name first appears in the statement of partners in the declaration;

designated partner means any partner designated as such pursuant to section 7 of the Limited Liability Partnerships (LLPs) Act, 2008. As per section 7 of the LLP Act, every limited Liability Partnership shall have at least 2 designated Partners who are individuals and at least one of them shall be a resident in India.

Examples of designated partner in a sentence

• XXXXX0000X)., duly represented by its Designated Partner Mr. .............., having PAN : ................

• 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.

• Change in Designated Partner The LLP may appoint or remove a Designated Partner with the approval of majority of its Partners.

• In case no Designated Partner is appointed or if at any time there is only one or no Designated Partner, each partner shall be deemed to be a Designated Partner and in such case the Registrar shall be intimated accordingly.

• The Authorised representative of First Party and the Second Party shall act as the Designated Partner of the X LLP in terms of the requirement of the Limited Liability Xxxxxxxxxxx Xxx, 0000.

More Definitions of designated partner

designated partner means the Designated partners of the LLP and includes persons holding the position of Designated Partners by whatever name called.

designated partner means a person of the same or opposite sex with whom an employee has cohabited in an intimate relationship for a continuous period of twelve (12) months, or more, and who for a period of twelve (12) months or more, has been so designated by the employee in a notation made on the employee’s personnel file.

designated partner means OCM European Principal Opportunities Fund (Cayman) Ltd., a Cayman Islands exempted company, and any other entity formed by the Partnership or its Affiliates, and admitted as a limited partner in the Fund, through which investors participate in the Fund.

designated partner means an authorized Xxxxx.xx Partner to place orders on Customer’s behalf, manage Customer’s purchases, and provide and receive notices and other communications to and from Xxxxx.xx.

designated partner means a party that We license and authorize to distribute, provide and use the Service for the party’s users and customers.

designated partner means a third party oil company, Lessee, farmee, or other Person that joins Assignor in the pursuit of Hydrocarbons under the terms of a Contract or as a partner in a Lease.

designated partner means a partner who is designated as such in the incorporation documents or who become a designated partner by and in accordance with the Limited Liability Partnership Agreement.