Section 748 CAMA 2020

Section 748 Companies and Allied Matters Act is about Minimum number of partners. It is under Chapter 1 (Nature of limited liability partnership) of the Act.

(1) Every limited liability partnership shall have at least two partners.

(2) If at any time the number of partners of a limited liability partnership is reduced below two and the limited liability partnership carries on business for more than six months while the number is so reduced, the person, who is the only partner of the limited liability partnership during the time that it carries on business after those six months and has the knowledge of the fact that it is carrying on business with him alone, is liable personally for the obligations of the limited liability partnership incurred during that period.