Law · Limited Liability Partnership Act, 2008
According to the Limited Liability Partnership (LLP) Act, 2008, what is the minimum number of 'Designated Partners' that every LLP must have, and who among them must be a resident in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1At least one designated partner, who must be a resident in India.
- 2At least three designated partners, at least two of whom must be residents in India.
- 3At least two designated partners, at least one of whom must be a resident in India.✓
- 4At least two designated partners, both of whom must be residents in India.
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At least two designated partners, at least one of whom must be a resident in India.
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