Which statutory document must an LLP file with the Registrar of Companies to register the mutual rights and duties of its partners within 30 days of incorporation?
Answer and explanation
Correct answer: C. LLP Agreement in Form 3
- Step 1: Consult Section 23 of the LLP Act 2008 and relevant rules.
- Step 2: The mutual rights and duties of the partners and the LLP are governed by the LLP Agreement.
- Step 3: Form 3 containing the details of the agreement must be filed with the Registrar within 30 days of incorporation.
Answer
LLP Agreement in Form 3.
Practise more Limited Liability Partnership (LLP) Act 2008 & Business Laws.
Free questions with an explanation for every one, and full timed CA Foundation mock tests.
More Limited Liability Partnership (LLP) Act 2008 & Business Laws questions
- Under Section 7 of the Limited Liability Partnership Act 2008, what is the minimum statutory requirement for designated partners in an LLP?
- What is the extent of liability of a partner in an LLP for the wrongful acts or omissions of co-partners?
- Under which specific circumstance does the liability of a partner in an LLP become unlimited under Section 30 of the LLP Act 2008?
- Every LLP must maintain books of account and file a Statement of Account and Solvency in Form 8 within how many days from the end of six mon…
- What is the maximum limit on the number of partners in a Limited Liability Partnership under the LLP Act 2008?
- Can a body corporate become a partner in a Limited Liability Partnership?