than Rs. 40 lacs or Rs. 25 lacs contribution in any financial year. 22 Mode of Documents to Service of Service be served on documents can documents LLP / not be served designated through partners may electronic be served means through electronic means 23 Annual Return Must be filed Not annually applicable 24 Director Each No such Identification Designated requirement Number / partner Designated required to Partner have a DPIN Identification before being Number appointed as a Designated Partner of LLP. 25 Minimum Minimum two Minimum two Number of partners partner Member 26 Maximum No cap of Maximum 10 number of maximum for banking Member number of its business and partners 20 for other business. 27 Designated Minimum two No cap on the partner designated minimum partner number of Managing partner 28 Memorandum LLP Agreement Partnership and Articles of is a charter of Deed is a Association \ the LLP which charter of the Partnership denotes its firm which deed/ scope of denotes its Partnership operation. scope of Agreement operation. 29 Meetings Meeting of the No such Designated requirement Partners have
than Rs. 40 lacs or Rs. 25 lacs contribution in any financial year. 22 Mode of Service documents Documents to be served on LLP / designated partners may be served through electronic means Service of documents can not be served through electronic means 23 Annual Return Must be filed annually Not applicable 24 Director Identification Number / Designated Partner Identification Number Each Designated partner required to have a DPIN before being appointed as a Designated Partner of LLP. No such requirement 25 Minimum Number of Member Minimum two partners Minimum two partner 26 Maximum number of Member No cap of maximum number of its partners Maximum 10 for banking business and 20 for other business. 27 Designated partner Minimum two designated partner No cap on the minimum number of Managing partner 28 Memorandum and Articles of Association \ Partnership deed/ Partnership Agreement LLP Agreement is a charter of the LLP which denotes its scope of operation. Partnership Deed is a charter of the firm which denotes its scope of operation. 29 Meetings Meeting of the Designated Partners have No such requirement
THE%20LIMITED%20LIABILITY%20PARTNERSHIP.docx