“Resident in India”, for the specific purpose of being a Designated Partner under the Limited Liability Partnership Act, 2008, requires minimum residency/stay in India for how many days during one immediately preceding year?

Option A: 120

Option B: 160

Option C: 182

Option D: 242

Correct Answer

Option: c

Explanation

Sub-section (1) of section 7 of the Limited Liability Partnership Act: For the purposes of this section, the term “resident in India” means a person who has stayed in India for a period of not less than one hundred and eighty-two days during the immediately preceding one year

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