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    Question

    How many designated partners are required in

    LLP:Ā 
    A At least two designated partners Correct Answer Incorrect Answer
    B Seven designated partners Correct Answer Incorrect Answer
    C Three designated partners Correct Answer Incorrect Answer
    D At least seven designated partners Correct Answer Incorrect Answer
    E At least one designated partner Correct Answer Incorrect Answer

    Solution

    As per the Limited Liability Partnership Act, 2008, every LLP must have at least two designated partners, one of whom must be an individual resident in India. Designated partners are responsible for compliance and regulatory filings of the LLP.

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