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[Cites 0, Cited by 8] [Entire Act]

Union of India - Section

Section 5 in The Limited Liability Partnership Act, 2008

5. Partners. -

Any individual or body corporate may be a partner in a limited liability partnership:Provided that an individual shall not be capable of becoming a partner of a limited liability partnership, if-
(a)he has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force;
(b)he is an undischarged insolvent; or
(c)he has applied to be adjudicated as an insolvent and his application is pending.