alleryStart learning →Who is responsible for the LLP's compliance and filings under the Act?
AThe statutory auditor
BThe highest-capital partner
CA designated partner
DThe Registrar of Companies
Answer & Solution
Correct answer: C. A designated partner
A designated partner must do all acts needed for compliance, including filings, and is liable to penalties imposed on the LLP.
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Related questions
A retiring partner is entitled to what capital, unless agreed?A pre-incorporation agreement binds the LLP only if what?From which assets are an LLP's liabilities met?Which of these is part of the definition of 'business' under the LLP Act?Before becoming a designated partner, an individual must give what to the LLP?When all partners are bodies corporate, who act as designated partners?What is the position of an LLP regarding a common seal?When does a change in an LLP's registered office take effect?