New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Who can be a partner in

    LLP?
    A At least two persons natural or artificial Correct Answer Incorrect Answer
    B Company incorporated in and outside India Correct Answer Incorrect Answer
    C Individuals’ resident in and outside India Correct Answer Incorrect Answer
    D All the above Correct Answer Incorrect Answer

    Solution

    As per the Act, LLP can be incorporated with a minimum of at least two persons who can be either individuals or body corporate, through its nominee. Then, out of the total number of partners at least two shall be designated partners. Finally, among those two designated partners at least one must be Indian resident.

    Practice Next