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Friday, February 12, 2016

Who can become a partner in a LLP

1. Who can become a partner in a LLP

a) An individual unless other disqualified 
b) A company incorporated under the Companies Act 1956 or Companies Act 2013
c) A LLP incorporated under LLP Act 2008
d) A LLP incorporated outside India
e) A company incorporated outside India

2.   Who cannot become a partner in LLP?

a) An individual, if:
-  he has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force;
 - he is an undischarged insolvent; or 
 - he applied to be adjudicated as an insolvent and his application is pending.     
  
b) A minor
c) A HUF
d) A Partnership Firm
e)  An Association of Persons (AOP) or Body of Individuals (BOI)
f) An Artificial Judicial Person
g) A Corporate Sole
h) A Co-operative Society registered under any law for the time being in force 
i) A body corporate which the Central Government may, by notification in the Official Gazette, specify in this behalf;               


Thank You

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