alleryStart learning →Before becoming a designated partner, an individual must give what to the LLP?
AA character certificate
BA security deposit
CPrior consent to act
DA power of attorney
Answer & Solution
Correct answer: C. Prior consent to act
No individual becomes a designated partner without first giving his consent to act in the prescribed form.
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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?When all partners are bodies corporate, who act as designated partners?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?