Question Scenario
What do you mean by Designated Partner? Whether it is mandatory to appoint Designated partner in a LLP?
Estimated Writing Time: 3 mins Try in Practice Mode
Source: 2)c)2m,MTP2,Sept2025, 2)c)6m,MDTP5,2)c)6m,MTP1,Sept20242 Marks
Back to Law List Suggested Answer
1. Provisions of the Act / Applicable Law
Designated Partner [Section 2(1)(j) of the LLP Act, 2008]: “Designated partner” means any partner designated as such pursuant to section 7.
According to section 7 of the LLP Act, 2008:
ii) If in LLP, all the partners are bodies corporate or in which one or more partners are individuals and bodies corporate, at least two individuals who are partners of such LLP or nominees of such bodies corporate shall act as designated partners.
iii) Resident in India: For the purposes of this section, the term “resident in India” means a person who has stayed in India for a period of not less than 120 days during the financial year.
2. Analysis & Application of Facts
i) Every LLP shall have at least two designated partners who are individuals and at least one of them shall be a resident in India.
Exam Strategy Tip
When answering law questions in the CA Foundation exam, follow the "Provision -> Facts -> Conclusion" structure for maximum marks. Ensure to state the relevant sections where applicable to earn bonus marks from the evaluator.
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