U/s 5 of Limited Liability Partnership Act, 2008 - Whether Hindu undivided family (HUF)/Its Karta can become Partner/Designated partner (Dp) in Limited Liability Partnership (LLP)
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LLP partner eligibility: HUFs and their Kartas are ineligible to serve as designated partners under LLP law. Under the LLP eligibility framework only an individual or a body corporate may be a partner; a HUF is not a body corporate and therefore a HUF or its Karta cannot be admitted as a designated partner in a Limited Liability Partnership.
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.
LLP partner eligibility: HUFs and their Kartas are ineligible to serve as designated partners under LLP law.
Under the LLP eligibility framework only an individual or a body corporate may be a partner; a HUF is not a body corporate and therefore a HUF or its Karta cannot be admitted as a designated partner in a Limited Liability Partnership.
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