Question

Under the Limited Liability Partnership Act, 2008, which of the following statements is correct?

A A partner of an LLP is not personally liable, directly or indirectly, for an obligation of the LLP solely by reason of being a partner
B Only natural persons, and not body corporates, are eligible to become partners of an LLP
C A partner of an LLP is personally liable for the wrongful acts or omissions of every other partner of the LLP
D Every LLP must have at least five designated partners, all of whom must be individuals resident in India
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