Removal or resignation of a Partner from an LLP can happen for many reasons. A Partner may cease to exist as Partner in the LLP in the following scenarios:
A Partner may be removed from LLP only if the agreement provides such clauses or in the above-mentioned scenarios only. Until then, a majority of Partners cannot vote out a Partner from LLP.
Resignation by a Partner requires a notice of resignation 30 days in advance of the intention by the Partner. Other Partners must accept the resignation and all balances and debts must be settled as per agreement.
Our team of highly qualified professionals at Ask4compliance.com can help your business in Removal of a Partner in LLP by completing the necessary procedures as per LLP Act, 2008.
DOCUMENTS REQUIRED FOR REMOVAL OF A PARTNER IN LLP