alleryStart learning →When all partners are bodies corporate, who act as designated partners?
AThe auditors of the partners
BNominees of the bodies corporate
CThe bodies corporate themselves
DThe Registrar's appointees
Answer & Solution
Correct answer: B. Nominees of the bodies corporate
At least two individuals who are partners or nominees of the bodies corporate must act as designated partners.
Keep practising II LLP Act 2008 including important Rules
Browse all II LLP Act 2008 including important Rules questions for CA Inter, or explore more Law topics.
Related questions
A retiring partner is entitled to what capital, unless agreed?A pre-incorporation agreement binds the LLP only if what?From which assets are an LLP's liabilities met?Which of these is part of the definition of 'business' under the LLP Act?Before becoming a designated partner, an individual must give what to the LLP?What is the position of an LLP regarding a common seal?When does a change in an LLP's registered office take effect?Which fundraising route is unavailable to an LLP?