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WorksheetsLimited Liability Partnership
Total questions: 10
Worksheet time: 4mins
If any act is carried out by an LLP or any of its members with the intention to defraud creditors or any other person, then the liability of the LLP shall become unlimited and shall be liable to pay the debts.
This statement is TRUE
This statement is FALSE
Every LLP must prepare and file a statement of Account & Solvency with the Registrar within ________ from the end of the Financial Year.
1 month
12 months
3 months
6 months
Foreign nationals cannot become a partner in ______ .
LLP
Both
Partnership firm
Which of the following cannot be converted into an LLP?
Unlisted Company
Listed Company
Private Company
Partnership Firm
For incorporating a LLP, along with incorporation documents, a statement made by CA/CS/CMA or an advocate is also required stating that all requirements of this Act have been complied with.
False
True
The Registrar shall reserve the proposed name of the LLP to be incorporated for a period of ______ from the date of intimation by the Registrar.
6 months
None of the Above
1 month
3 months
If any person (not being a partner in the LLP) represents himself to be a partner in a LLP, and any credit is received by the LLP as a result of such representation, the LLP shall be liable to the extent of credit received by it or any financial benefit derived thereon.
o This statement if FALSE
This statement is TRUE
At least ___ of the designated partners shall be resident(s) of India.
1
All
2
3
The minimum number of members required to constitute an LLP is –
2 members
1 member
7 members
3 members
The maximum number of members that can be a part of an LLP is-
20 members
No limit
50 members
200 members
