section 5
Partners.
The Limited Liability Partnership Act, 2008Corporate200888 sections14 chapters
Chapter II NATURE OF LIMITED LIABILITY PARTNERSHIP
Statutory text
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.
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