The Limited Liability Partnership Act, 2008
Chapter-II Nature of Limited Liability Partnership
Section 9: Changes in designated partners
9. A limited liability partnership may appoint a designated partner within thirty days of a vacancy arising for any reason and provisions of sub-section (4) and sub-section (5) of section 7 shall apply in respect of such new designated partner:
Provided that if no designated partner is appointed, or if at any time there is only one designated partner, each partner shall be deemed to be a designated partner.
Reference
*Effective from 31.03.2009.
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