Limited Liability Partnership Act, 2008
Section 5 -
Partners
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.