Question

what are the limitation of designated partners​

Answer 1

Answer:

There is no maximum limit for the number of partners in a limited liability partnership. At least one designated partner must be an Indian national who resides in India. The other Designated Partners must also provide a consent letter stating their proof and other documents.

Explanation:

ᴍᴀʀᴋ ᴀs ʙʀᴀɪɴʟɪsᴛ ᴀɴsᴡᴇʀ

ʜɪᴛ ᴛʜᴇ ʟɪᴋᴇ ᴀɴᴅ ғᴏʟʟᴏᴡ ʙᴜᴛᴛᴏɴ ɢᴇɴᴛʟʏ

Answer 2

The Designated Partners need to be over 18 years of age and must be a natural person (i.e a real human being, as distinguished from a corporation which is often treated by law as a fictitious person). There are no limitations in terms of citizenship or residency.

Explanation:

Every LLP must have at least two designated partners. There is no maximum limit for the number of partners in a limited liability partnership. At least one designated partner must be an Indian national who resides in India. The other Designated Partners must also provide a consent letter.