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  1. templates
  2. /
  3. entity formation
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  5. limited liability partnership
  6. /
  7. form 9 consent to act as designated partner

Form 9 - Consent to act as Designated Partner

Counselvise
Published on 26/12/2024
₹ 50/-
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3 downloads

Form 9 - Consent to act as Designated Partner

Counselvise
Entity Formation / Limited Liability Partnership

Template Description

This consent to act as Designated Partner template formalizes the consent of an individual to act as a designated partner of the LLP as per the requirements of the Companies Act. It is a 2-page MS Word document which is required during the incorporation of a Limited Liability Partnership (LLP). The intended audience includes prospective designated partners, LLP founders, and legal professionals involved in LLP registration.

 

Understanding the Consent to act as Designated Partner

 

Terminologies:


  • ‘Consent to Act as Designated Partner’ is a formal declaration by an individual confirming their willingness to serve as a designated partner in an LLP, in compliance with Section 7(3) of the Companies Act.
  • ‘Designated Partner Identification Number (DPIN)’ is a unique identification number assigned to designated partners by the Ministry of Corporate Affairs (MCA) in India.
  • ‘Limited Liability Partnership (LLP)’ is a hybrid business structure that combines the features of a partnership and a company, providing limited liability to its partners.

 

Procedure for Providing Consent:


  • Draft the Consent Document:
  • Address the document to the LLP under incorporation, including the LLP’s name and registered address.


  • Provide Personal and Professional Details:
  • Enter the Designated Partner Identification Number (DPIN) and personal details, including name, father’s name, present residential address, and email ID.
  • Specify any current affiliations with other partnerships, LLPs, companies, or corporate bodies.


  • Declare Eligibility:
  • State that the individual meets the eligibility criteria to act as a designated partner and has not been disqualified from serving in this capacity.


  • Signature and Submission:
  • Include a signature line for the designated partner to sign and date the document.
  • Include the LLP’s registered address and PAN for completeness.

 

Key Considerations:


  • Ensure that all fields are completed accurately to avoid delays in the incorporation process.
  • The designated partner must have a valid DPIN and should not be disqualified under the Companies Act.
  • The document should be signed and dated in accordance with legal requirements.

 

Conclusion

The Consent to act as Designated Partner template is a crucial document for the incorporation of an LLP, confirming the individual’s agreement to serve as a designated partner. This formal consent helps ensure compliance with legal requirements and facilitates a smooth registration process. Accurate and complete submission of this consent is essential for the proper formation and functioning of the LLP.