Section 7:
Designated partners.
(1) Every limited liability partnership shall have at least two designated
partners who are individuals and at least one of them shall be a resident in India:
Provided that in case of a limited liability partnership in which all the partners are bodies corporate or
in which one or more partners are individuals and bodies corporate, at least two individuals who are
partners of such limited liability partnership or nominees of such bodies corporate shall act as designated
partners.
Explanation.--For the purposes of this section, the term resident in India means a person who has
stayed in India for a period of not less than one hundred and 1[twenty days during the financial year].
(2) Subject to the provisions of sub-section (1),--
(i) if the incorporation document--
(a) specifies who are to be designated partners, such persons shall be designated partners on
incorporation; or
(b) states that each of the partners from time to time of limited liability partnership is to be
designated partner, every such partner shall be a designated partner;
(ii) any partner may become a designated partner by and in accordance with the limited liability
partnership agreement and a partner may cease to be a designated partner in accordance with limited
liability partnership agreement.
(3) An individual shall not become a designated partner in any limited liability partnership unless he
has given his prior consent to act as such to the limited liability partnership in such form and manner as
may be prescribed.
(4) Every limited liability partnership shall file with the registrar the particulars of every individual
who has given his consent to act as designated partner in such form and manner as may be prescribed
within thirty days of his appointment.
(5) An individual eligible to be a designated partner shall satisfy such conditions and requirements as
may be prescribed.
(6) Every designated partner of a limited liability partnership shall obtain a Designated Partner
Identification Number (DPIN) from the Central Government and the provisions of 2[sections 153 to 159] (both inclusive) of 3[the Companies Act, 2013 (18 of 2013)] shall apply mutatis mutandis for the said
purpose.
Notes:
1. Subs. by Act 31 of 2021, s. 4, for “eighty-two days during the immediately preceding one year” (w.e.f. 1-4-2022).
2. Subs. by s. 4, ibid., for “sections 266A to 266G” (w.e.f. 1-4-2022).
3. Subs. by s. 2, ibid., for “the Companies Act, 1956 (1 of 1956)” (w.e.f. 1-4-2022).