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CS Executive · Setting Up of Business, Industrial and Labour Laws · Limited Liability Partnership

Rohan, an individual, is appointed a designated partner of Vihaan Services LLP on 1 June. Which statement is correct under the LLP Act?

Rohan must give his prior consent to act as designated partner, and the LLP must file his particulars with the Registrar within thirty days of his appointment. Consent cannot be dispensed with merely because the agreement names him, and the filing period is thirty days.

  1. AHe needs no consent because the LLP agreement names him
  2. BHe must give prior consent to act, and the LLP must file his particulars with the Registrar within thirty days of appointmentCorrect
  3. CHe must file his consent only after one year of acting
  4. DThe LLP must file his particulars within ninety days of appointment

Explanation

Section 7(3) says an individual cannot become a designated partner without giving prior consent to the LLP. Section 7(4) requires the LLP to file the particulars of every such individual with the Registrar within thirty days of appointment. Ninety days and one year have no basis, and naming in the agreement does not remove the consent requirement.

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