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Every LLP shall have at least ____ designated partners, of whom at least one shall be RESIDENT in India:
Answer & Solution
Correct answer: D.
1. Section 7 — at least TWO designated partners (DPs) are required, of whom AT LEAST ONE must be resident in India.
2. Designated partners are responsible for compliance.
3. Hence (B).
_Source: ICAI BoS CA Inter Paper 2 — Limited Liability Partnership Act 2008_