Limited Liability Partnership Act, 2008

Designated partners.

7. (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 :

Provided that in case of a limited liability partnership in which all the partners are bodies corporate or in which one or more partners are individuals and bodies corporate, at least two individuals who are partners of such limited liability partnership or nominees of such bodies corporate shall act as designated partners.

Explanation.-For the purposes of this section, the term "resident in India" means a person who has stayed in India for a period of not less than one hundred and [twenty days during the financial year].

(2) Subject to the provisions of sub-section (1),-

(i)

-

if the incorporation document-

(a)	-	specifies who are to be designated partners, such persons shall be designated partners on incorporation; or
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