New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    In LLP, out of the designated partners:

    A Atleast one should be an indian resident. Correct Answer Incorrect Answer
    B Atleast one should be subscribed to the incorporation document. Correct Answer Incorrect Answer
    C Atleast one should be a woman. Correct Answer Incorrect Answer
    D Atleast 2 should be indian residents. Correct Answer Incorrect Answer
    E No such requirement. Correct Answer Incorrect Answer

    Solution

    LLP Act  S. 7. Designated partners .— (1) Every limited liability partnership shall have at least two designated partners who are individuals and at least one of them shall be a resident in India.

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