Hi,
Can a person in employement become a Designated Partner in LLP.
Also is it mandatory for a DP to bring in contribution.
Thanks in advance.
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 15 June 2015
An employee can become designated partner in any company provided your terms of employment do not restrict the same. Further the employee should have a valid DIN and should not be disqualified to be appointed as Designated partner. Some contribution will have to bought in by the partner whether in cash or in kind.
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