Nominee disclosure requirement expands LLP form fields and revises partner information tables under the LLP Rules. The Second Amendment to the LLP Rules substitutes entries in Forms 2, 3, 4 and 11 to add explicit Name of nominee fields and to replace existing tables with standardized columns requiring DPIN/Income tax PAN/Passport number, partner name, nominee name for body corporate, designation, form and monetary value of contribution, percentage of profit sharing, and, in Form 11, section number, offence and penalty imposed.
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Nominee disclosure requirement expands LLP form fields and revises partner information tables under the LLP Rules.
The Second Amendment to the LLP Rules substitutes entries in Forms 2, 3, 4 and 11 to add explicit Name of nominee fields and to replace existing tables with standardized columns requiring DPIN/Income tax PAN/Passport number, partner name, nominee name for body corporate, designation, form and monetary value of contribution, percentage of profit sharing, and, in Form 11, section number, offence and penalty imposed.
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