Skip to content

CS Executive · Setting Up of Business, Industrial and Labour Laws · Selection of Business Organization

After the Registrar issues a certificate of registration converting Sharma & Sons Traders, a partnership firm, into an LLP, within what time must the LLP inform the Registrar of Firms about the conversion under Section 58 of the LLP Act, 2008?

The LLP must inform the concerned Registrar of Firms within fifteen days of the date of registration, giving particulars in the prescribed form and manner. This is the proviso to Section 58(1) of the LLP Act, 2008, and applies to conversion from a firm or company.

  1. AWithin seven days of registration
  2. BWithin fifteen days of the date of registrationCorrect
  3. CWithin thirty days of registration
  4. DWithin sixty days of registration

Explanation

The proviso to Section 58(1) requires the LLP to inform the concerned Registrar of Firms or Registrar of Companies within fifteen days of the date of registration, giving particulars in the prescribed form and manner. Thirty days is a common but incorrect assumption.

Did you get it right without looking?

One question tells you little. A timed set on Selection of Business Organization shows your real accuracy, how long you take and where you lose marks.

Practise Selection of Business OrganizationFree diagnostic mock

More Selection of Business Organization questions