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        LLP

        Section 5 - Partners

        Limited Liability Partnership Act, 2008
        Chapter II
        Nature of limited liability partnership

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        Eligibility to be partner in a limited liability partnership excludes persons of unsound mind, undischarged insolvents, or pending insolvency applicants. Eligibility to be a partner in a limited liability partnership is open to any individual or body corporate, but an individual is disqualified if found of unsound mind by a competent court and the finding remains in force, if he is an undischarged insolvent, or if he has applied for adjudication as an insolvent and that application is pending.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Eligibility to be partner in a limited liability partnership excludes persons of unsound mind, undischarged insolvents, or pending insolvency applicants.

                              Eligibility to be a partner in a limited liability partnership is open to any individual or body corporate, but an individual is disqualified if found of unsound mind by a competent court and the finding remains in force, if he is an undischarged insolvent, or if he has applied for adjudication as an insolvent and that application is pending.


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