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[Cites 0, Cited by 1] [Section 7] [Entire Act]

Union of India - Subsection

Section 7(2) in The Limited Liability Partnership Act, 2008

(2)Subject to the provisions of sub-section (1),-
(i)if the incorporation document-
(a)specifies who are to be designated partners, such persons shall be designated partners on incorporation; or
(b)states that each of the partners from time to time of limited liability partnership is to be designated partner, every partner shall be a designated partner;
(ii)any partner may become a designated partner by and in accordance with the limited liability partnership agreement and a partner may cease to be a designated partner in accordance with limited liability partnership agreement.