Designated Partner in an LLP A Designated Partner is a partner, Who has a Director Identification Number He can be an individual as well as a nominee of a body corporate In an LLP there has to be a minimum of 2 designated partners At least one of the designated partner should be a resident of India A designated partner has the same liability as that of other partners in an LLP.
Application required A detailed application for Striking of the LLP A copy of the detailed application is required to be made in eform 24 to the ROC (Registrar of Companies) stating the full details of LLP and reason for closing the LLP.
The applicant should qualify to be a startup and shall be incorporated as any of the following: (a) Society (b) Section 8 Company (c) Private Limited Company (d) Public Limited Company (e) Limited Liability Partnership Moreover, they need to fulfil four parameters, which are: (a) Number of Years of establishment: At least 2 years or a Sanction Letter (b) Number of incubates enrolled or graduated: Minimum 20 or 5 in case of Sanction Letter (c) Infrastructure: Minimum of 5000 sq.