Ch 4 The Limited Liablity Partnership Act 2008

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Ch 4 The Limited Liablity Partnership Act 2008 MCQ Quiz

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Minimum designated partners required in a LLP are:

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For reservation of name, e-Form _________ is required.

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In case of a LLP, the partners are agents of _________.

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Maximum number of partners in a LLP can be:

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The LLP Act, 2008 came into force from:

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Common seal is mandatory for _________.

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In case of legal non-compliance and penalties under the LLP Act, _________ are responsible.

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Ch 4 The Limited Liablity Partnership Act 2008 T/F Quiz

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Foreign Nationals can become a partner in a LLP.

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LLP can be incorporated for charitable purpose as well as for business.

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Every partner in a LLP is the agent for the purpose of the business of LLP but not of the other partners.

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Limited Liability Partnership is governed by Partnership Act, 1932.

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In a LLP, all partners have an unlimited liability.

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Executing an LLP Agreement is discretionary.

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A LLP is not a body corporate.

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It is mandatory for a LLP to have a common seal.

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