Partners / Designated Partners of LLP
An LLP should have minimum 2 partners. Every LLP should have minimum 2 designated partners who are individuals and at least one of them should be residing in India.
Partners of LLP can be of
a) Companies incorporated in and outside India
b) LLP incorporated in and outside India
c) Individuals residing in and outside India
Designated Partner of LLP shall be responsible for the doing of all acts and things that are required to be carried out by the LLP and is responsible for the compliance of the provisions and filing of document / returns/ statements of LLP Act and as may be specified in the LLP agreement
Designated Partner shall be liable to all penalties imposed on the LLP for any contravention of provisions of LLP Act.
Check out the LLP Compliance Calendar for 2012
