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.
CatEye 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. CatEye 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 CatEye Advisor.