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Law · Q420

Indian Partnership Act

Graduate and Post Graduate · Law · question 420

Q420

Every Limited Liability Partnership as per the Limited Liability Partnership Act, 2008 shall have at least two Designated Partners (DPs) who are individuals and

A.
At least one among them shall be resident in India
Answer
B.
Both of them shall belong to one family residing in India
C.
Both of them should be non-resident Indians (NRIs)
D.
Both of them should belong to a single country outside India

Answer: Option A

Solution

Answer: Option A
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