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CA Foundation The Limited Liability Partnership Act 2008 — practice questions — page 3

Explore 72 free The Limited Liability Partnership Act 2008 questions in CA Foundation Businesslaw. Open each question or exercise to read its content, reference answers and available explanation.

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The Limited Liability Partnership Act 2008 questions and exercises with answers

Showing questions 61–72 of 72.

Within how many days of closing its financial year must an LLP file its annual return?Read the answer and worked solution →Which form carries the Statement of Account and Solvency of an LLP?Read the answer and worked solution →Which form is the annual return of an LLP?Read the answer and worked solution →What is a foreign LLP under the LLP Act, 2008?Read the answer and worked solution →An LLP is incorporated on 15 November 2023. Its first financial year may be extended up to which date?Read the answer and worked solution →What minimum capital is required to form an LLP?Read the answer and worked solution →On which date was the first Indian LLP incorporated?Read the answer and worked solution →An LLP is best described as a hybrid of which two forms?Read the answer and worked solution →A partner's liability in an LLP is limited to what?Read the answer and worked solution →Who signs the notices of change that an LLP files with the Registrar?Read the answer and worked solution →Before becoming a designated partner, an individual must give what?Read the answer and worked solution →A pre-incorporation agreement binds the LLP only if ratified by whom?Read the answer and worked solution →

Worked practice questions

Within how many days of closing its financial year must an LLP file its annual return?

  1. 30 days
  2. 90 days
  3. 180 days
  4. 60 days
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Correct answer: D. 60 days

Section 35 sets sixty days from closure of the financial year for the authenticated annual return.

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Which form carries the Statement of Account and Solvency of an LLP?

  1. Form 8
  2. Form 11
  3. Form 3
  4. Form 4
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Correct answer: A. Form 8

Form 8 is filed under Rule 24 of the LLP Rules, 2009 and holds the balance sheet, profit and loss account and solvency statement.

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Which form is the annual return of an LLP?

  1. Form 8
  2. Form 3
  3. Form 11
  4. Form 5
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Correct answer: C. Form 11

Form 11 is the annual return filed under Rule 25(1) of the LLP Rules, 2009, listing partner details at year end.

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