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Under Section 7, every LLP must have at least two designated partners who are individuals, and:
ANone need be resident
BAll must be bodies corporate
CAt least one of them must be resident in India
DBoth must be foreign nationals
Answer & Solution
Correct answer: C. At least one of them must be resident in India
Section 7 requires at least two individual designated partners, of whom at least one must be resident in India.
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