Home › CA Foundation › businesslaw › The Limited Liability Partnership Act 2008 › Under Section 5, who may be a partner in an LLP?
Under Section 5, who may be a partner in an LLP?
AAny individual or body corporate
BOnly individuals
COnly companies
DOnly Indian citizens
Answer & Solution
Correct answer: A. Any individual or body corporate
Section 5 allows any individual or body corporate to be a partner in an LLP, subject to the disqualifications for individuals.
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