CA Inter The Limited Liability Partnership Act 2008 — practice questions
26 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Inter The Limited Liability Partnership Act 2008 in the app →A Limited Liability Partnership is a body corporate formed and incorporated under the:An LLP is a ___ entity separate from its partners:Like a company, an LLP enjoys the feature of:The liability of a partner in an LLP is generally:Every LLP must have at least how many designated partners?At least one designated partner of an LLP must be a:The mutual rights and duties of the partners of an LLP are governed by the:The minimum number of partners required to form an LLP is:There is ___ limit on the maximum number of partners in an LLP:The document filed with the Registrar to bring an LLP into existence is the:An LLP must have its name end with the words 'Limited Liability Partnership' or the acronym:A partner of an LLP is, in relation to the LLP, an:An LLP is required to maintain proper books of account and file an annual ___ with the Registrar:A designated partner is responsible for ensuring the LLP's compliance with the provisions of the:Every designated partner of an LLP must obtain a:In an LLP, the partners' liability does not extend to their personal assets except in cases of:An existing partnership firm or a private company may be ___ into an LLP as per the Act:An LLP can hold property and enter into contracts in its:A change in the partners of an LLP does ___ affect its existence, rights or liabilities:The LLP combines features of a company and a:If the number of partners of an LLP falls below two and it carries on business for more than six months, the rThe internal governance and profit-sharing of an LLP are primarily decided by the:An LLP is administered in India by the office of the:A body corporate ___ be a partner in an LLP:On incorporation, the Registrar issues a ___ to the LLP:A key advantage of an LLP over a traditional partnership is the ___ of its partners: