The designated partner shall be answerable for doing

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The designated partner shall be answerable for doing of all acts, matters & things as are required to be done by LLP pursuant to the Act and will be responsible for filing of document, return, statement and the like report pursuant to the provisions of this Act and as may be specified in the LLP agreement. The designated partners are liable to all penalties imposed on the LLP for any contravention of the specified provisions. Notice has to be filed with the Registrar when changes occur in the partnership and/or designated partnership of a LLP within 30 days of the change.
8Limitation of Liability A limited liability partnership is not bound by anything done by a partner in dealing with a person if—- a.) the partner in fact has no authority to act for the limited liability partnership in doing a particular act; and b.) the person knows that he has no authority or does not know or believe him to be a partner of the LLP The LLP is liable if a partner of the LLP is liable to any person as a result of the wrongful act or omission on his part in the course of the business of the LLP or with its authority. The LLP will have unlimited liability when any activity is carried out with intent to defraud creditors of the limited liability partnership or any other person, or for any fraudulent purpose, unless it is proved that such acts were without the knowledge or authority of the LLP. An obligation of the LLP whether arising in contract or otherwise, is solely the obligation of LLP. The liabilities of the limited liability partnership shall be met out of the property of the limited liability partnership. Every partner is an agent of LLP and not of other partners. Partner is not personally liable and the liabilities of LLP will be met out of the property of LLP. Partner is personally liable for his own wrongful act or omission and not that of other partners. Forming a Limited Liability Partnership The process for incorporating a LLP is as follows: Decide on the Partners and the Designated Partners Obtain Designated Partner Identification Number (DPIN) and a Digital Signature Certificate. Decide on the name of the LLP and check whether it is available. Draft the LLP agreement File the LLP Agreement, incorporation documents and obtain the Certificate of Incorporation. The Registrar of LLP is the authority having jurisdiction over the incorporation
9Every LLP shall use the forms annexed to the LLP Rules 2009 for the purpose of the LLP Act 2008, and shall specify therein its limited liability partnership identification number (LLPIN). The electronic form shall be authenticated by authorized signatories using digital signatures. “Digital signature” means authentication of any electronic record by a subscriber by means of an electronic method or procedure The fees payable in pursuance of the various provisions of the Act and the rules shall be as mentioned in Annexure ‘A’ to the LLP Rules 2009, and shall be paid into the Public Account of India.

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