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    Question

    Under Section 7 of the LLP Act, 2008, what is the

    minimum number of designated partners an LLP must have at all times?Β 
    A One designated partner Correct Answer Incorrect Answer
    B Two designated partners Correct Answer Incorrect Answer
    C Three designated partners Correct Answer Incorrect Answer
    D Four designated partners Correct Answer Incorrect Answer
    E Five designated partners Correct Answer Incorrect Answer

    Solution

    Section 7(1) mandates that an LLP shall have at least two designated partners, one of whom must be a resident in India [Section 7].

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