General Studies · Designated Partners in LLP
Which of the following statements concerning the designated partners in a Limited Liability Partnership (LLP) are correct? A. Every LLP is mandated to have at least two designated partners. B. There is a strict statutory rule that at least one designated partner must be a resident of India. C. Designated partners are legally responsible for ensuring regulatory compliance. D. Designated partners are expressly exempt from acting as the primary point of contact with the authorities. Choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A, B and D Only
- 2A, B and C Only✓
- 3B, C and D Only
- 4A, C and D Only
Correct answer
A, B and C Only
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