Business Studies · Limited Liability Partnership
What is a strict mandatory requirement regarding the designated partners of a Limited Liability Partnership (LLP) in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Residency requirements for designated partners are completely waived if the LLP has no minimum capital.
- 2Designated partners must be non-residents to facilitate foreign investments.
- 3Every designated partner is required to be a resident of India.
- 4At least one of the designated partners must be a resident of India.✓
Correct answer
At least one of the designated partners must be a resident of India.
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