Who can sign a contract on behalf of an LLP?

As per Section 21 of Companies Act, 2013 [CA,2013]: a document or proceeding requiring authentication by a company; or contracts made by or on behalf of a company, may be signed by any Key Managerial Personnel [“KMP”] or an Officer or Employee of the company duly authorised by the Board in this behalf.

What is an LLP agreement explain about designated partners?

Designated Partners is a concept introduced by the Limited Liability Partnership Act, 2008. Designated Partners are similar to Directors of a Private Limited Company. A Designated Partner in a LLP when compared to the Director of a Company, enjoy more rights and priviledges.

Which form is used for consent to act as a designated partner in LLP?

Form 9
LLP Form 9 – Consent to act as Designated Partner.

Can LLP become partner in another LLP?

Yes, an LLP can be a partner in another LLP since the Act states that any individual and body corporate can be a partner in LLP and LLP comes under the term ‘body corporate’ except Cooperative Socities registered under the aforesaid act.

Can an Authorised signatory sign a deed?

If the company signs using two authorised signatories, this can be achieved by each of the two authorised signatories signing the deed (using an electronic signature or other acceptable method) either in counterparty or by one authorised signatory signing, followed by the other adding his or her signature to the same …

Who can execute a deed on behalf of a company?

Execution of a deed was traditionally done through the signatures of two company directors, one director and the company secretary or by affixing the company’s common seal to the document.

Can a practicing CS be a designated partner in LLP?

Practicing company secretary can be a partner in LLP. There is no bar for a CS being a sleeping partner in a LLP. However, if the terms of the appointment of CS states that he should not engage in some other jobs or business, then it may contradict such terms.