Legal Position under LLP Act

• A body corporate can be a partner in an LLP as per the Limited Liability Partnership Act, 2008
  
• However, it cannot directly act as a designated partner
  
• Only individuals can be designated partners under the Act
  
• A body corporate may nominate an individual to act on its behalf as a designated partner
  
• The nominated person must meet all eligibility criteria applicable to individuals
  

Nomination of Individual Representative

• The body corporate must nominate a natural person in writing to act as its representative
  
• The nominated individual must have a Designated Partner Identification Number (DPIN)
  
• A consent letter and nomination resolution must be submitted during appointment
  
• This nominee assumes all legal and compliance responsibilities of a designated partner
  
• MCA filings must include the details of both the body corporate and the nominee
  

Compliance Requirements

• The nominated individual must hold a valid Digital Signature Certificate (DSC)
  
• The nomination must be disclosed while filing Form FiLLiP (incorporation) or Form 4 (partner addition/change)
  
• Any change in nomination must be reported with updated filings and resolutions
  
• The designated partner must ensure timely filings, tax compliance, and audit obligations
  
• Failure to appoint a valid nominee renders the LLP non-compliant
  

Liability and Accountability

• The nominated individual bears full responsibility for compliance as a designated partner
  
• The body corporate is not personally liable, but may be accountable through its nominee
  
• Legal notices and penalties are addressed to the nominated person acting on behalf of the body corporate
  
• The nominee acts as the face of the corporate partner in official records
  
• All fiduciary and managerial duties apply to the nominated individual
  

Practical Considerations

• This provision allows companies, LLPs, and foreign entities to participate in LLPs
  
• It ensures human accountability in governance and compliance
  
• Careful selection of the nominee is essential to ensure legal and operational reliability
  
• The arrangement must be documented in the LLP Agreement and resolutions
  
• Helps in forming LLPs between corporate investors and individual professionals