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Easily Resign from LLP

Partners in a LLP are responsible for the carrying on the business of the LLP. A Partner in a LLP can resign or be removed for various reasons. IndiaFilings offers an easy process for effecting resignation of partner from Rs.3899/-

resignation-partner

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Resignation of Partner

Partners in a LLP are responsible for the carrying on the business of the LLP. A Partner in a LLP can resign or be removed for various reasons. Resignation or removal of Partner from a LLP must be notified to the Registrar of Companies.

Partner in a LLP can resign from a LLP by providing notice of resignation in writing not less than 30 days to the other Partners in the LLP. In some cases like death of a Partner, dissolution of the LLP or insolvency of Partner, the Partner would automatically cease to be a Partner. A Partner in a LLP can also be removed by a majority of the other Partners in the LLP, if the LLP agreement expressly provides such powers.

IndiaFilings is the leading business services platform in India, offering a variety of services like LLP registration, trademark filing, GST registration, income tax filing and more. IndiaFilings can help you effect resignation of Partner of a LLP. The average time taken to file for resignation of Partner is about 10 - 15 working days, subject to government processing time and client document submission. Get a free consultation on procedure for resignation of Partner by scheduling an appointment with an IndiaFilings Advisor.

Duties and Rights of a LLP Partner

General Duties

Partners of a LLP are bound to carry on the business of the LLP to common advantage, to be just and faithful to each other, and to render true accounts and full information of all things affecting the firm to any partner.

Know More IMPORTANT

Duty to Indemnify

Every Partner of a LP is required to indemnify the LLP for any losses caused to it by a fraud in the conduct of the business of the firm.

Rights of Partner

All Partners have right to take part in the conduct of the business of the LLP and access to inspect and copy the book of accounts of the LLP.

Implied Authority

The authority of a Partner to bind the LLP, in case of an transaction carried on, in the usual way business is carried on by the LLP, binds the LLP.

Properties of LLP

All property, rights and interest in assets (tangible or intangible) acquired or developed with the money of the LLP are deemed to belong to the LLP.

Simple & Transparent Pricing

Basic

Rs.3899/-
all inclusive fees
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    Resignation of a Partner from LLP with resigning Partners consent. Inclusive of government fee and service tax.

Standard

Rs.7899/-
all inclusive fees
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    Removal of a Partner and appointment of Partner. Inclusive of government fee and service tax.

Premium

Rs.9899/-
all inclusive fees
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    Removal of Partner and appointment of Partner with DSC and DIN for new Partner. Inclusive of government fee and service tax.