Primary Role of Designated Partners

• Designated Partners hold the primary responsibility for ensuring compliance in an LLP
  
• They are appointed as per the LLP Agreement and must be registered with the Registrar of Companies (RoC)
  
• Their duties include ensuring the timely filing of returns, statements, and legal forms
  
• At least one designated partner must be a resident in India
  
• Non-compliance by the LLP can lead to personal liability of the designated partners
  

Statutory Filings and Disclosures

• Designated partners are responsible for filing Form 11 (Annual Return) and Form 8 (Statement of Accounts and Solvency)
  
• They must also ensure timely submission of the Income Tax Return (ITR-5)
  
• Any changes in partners, business address, or agreement must be filed using the appropriate event-based forms
  
• Compliance with audit, maintenance of accounts, and statutory disclosures also falls under their role
  
• Failure to comply results in fines, penalties, or legal action
  

Financial and Tax Compliance

• They must oversee payment of taxes, including advance tax, TDS, and GST (if applicable)
  
• Ensuring the LLP maintains proper financial books is part of its obligation
  
• If applicable, they must coordinate with auditors and tax professionals for accurate financial reporting
  
• Any non-payment or under-reporting can lead to prosecution and interest liabilities
  
• Partners must ensure that DSCs are active and used for verified e-filings
  

Record Keeping and Internal Governance

• Designated partners are expected to maintain updated records of accounts, agreements, and resolutions
  
• They are responsible for updating changes in capital contribution, profit sharing, and partner details
  
• Proper documentation supports audit trails and legal compliance
  
• The LLP Agreement may assign additional duties for operational or compliance roles
  
• Internal controls help avoid disputes and ensure transparency
  

Delegation and Professional Support

• While responsibility lies with the designated partners, they may engage professionals such as CAs, CSs, or CMAs
  
• Professional advice is essential for legal, financial, and regulatory compliance
  
• Delegation does not remove the legal accountability of designated partners
  
• LLPs are encouraged to maintain a compliance calendar and reminders
  
• A proactive approach ensures smooth operation and avoids legal complications