Section 8 — Partners
Statute text
(1) Any individual or body corporate or company may become 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; or
(b) he is an undischarged insolvent; or
(c) he has applied to be adjudicated as an insolvent and his application is pending.
(2) On the incorporation of a limited liability partnership, the persons who subscribed their names to the incorporation document shall be its partners and any other person may become a partner of the limited liability partnership by and in accordance with the limited liability partnership agreement.
Forms for this section
LLP-Form-IX — Notice to Partners for Providing Particulars of Ultimate Beneficial Owners
Regulation: Regulation 14A
LLP-Form-X — Declaration by Partner About Ultimate Beneficial Owners
Regulation: Regulation 14A
LLP-Form-XI — Declaration by Partner About Change of Ultimate Beneficial Owners or Particulars Thereof
Regulation: Regulation 14A
LLP-Form-XII — Declaration of Compliance with Section 8 of the Limited Liability Partnership Act, 2017
Regulation: Regulation 14A
How to file a form
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