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CSEET · Business Laws and Management · Elements of Law relating to Partnership and Limited Liability Partnership

Along with the incorporation document of an LLP, a statement that all requirements of the Act and rules have been complied with must be filed. Who may make this statement together with any one of the persons who subscribed to the incorporation document?

The statement is made by an advocate, Company Secretary, Chartered Accountant or Cost Accountant who is engaged in the formation of the LLP, together with any one subscriber to the incorporation document. Section 11(1)(c) lists these four professionals, not just one or any relative.

  1. AOnly an advocate
  2. BOnly a Chartered Accountant
  3. CAn advocate, Company Secretary, Chartered Accountant or Cost Accountant engaged in the formation of the LLPCorrect
  4. DAny person who is a subscriber's relative

Explanation

Section 11(1)(c) says the statement is made by an advocate, Company Secretary, Chartered Accountant or Cost Accountant engaged in the formation of the LLP and by any one who subscribed his name to the incorporation document. The other options narrow or wrongly widen this list.

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