The question regarding the eligibility of a body corporate (both Indian as well as non-Indian) acting as a partner in a Limited Liability Partnership (hereinafter, “LLP”) has eluded Indian corporate law scholars and practitioners alike. While the short answer to this question is a “yes”, we need to look into the basics of LLP registration and its concerning laws to better understand the structure of LLPs and how they operate. In furtherance of the same, this article has been divided into three broad parts: the first part looks at Limited Liability Partnerships and the law surrounding them in India. It also addresses some of the most important definitions under the Act. The second part looks at the question of body corporates acting as partners in LLPs, and the various requirements that need to be fulfilled in doing so. The third part looks at the appointment and nomination of designated partners in cases where body corporates act as partners in LLPs. The last part concludes this article.
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