Skip to content

CS Executive · Setting Up of Business, Industrial and Labour Laws · Limited Liability Partnership

Ravi, a partner-to-be of a proposed LLP in Chennai, files the incorporation document with a statement of compliance. Under the LLP Act, 2008, who must make this statement?

The statement must be made jointly by a professional engaged in the formation (an advocate, Company Secretary, Chartered Accountant or Cost Accountant) and any one subscriber to the incorporation document, confirming compliance with the Act and rules.

  1. AAny one subscriber, together with the Registrar
  2. BOnly an advocate engaged in formation, without any subscriber
  3. CAn advocate, Company Secretary, Chartered Accountant or Cost Accountant engaged in the formation, and any one subscriber to the documentCorrect
  4. DEvery subscriber to the incorporation document, with no professional

Explanation

Section 11(1)(c) requires a statement made by an advocate, CS, CA or Cost Accountant engaged in the formation and by any one who subscribed his name to the document, that all requirements have been complied with. The other options omit the professional or the subscriber, or involve the Registrar wrongly.

Did you get it right without looking?

One question tells you little. A timed set on Limited Liability Partnership shows your real accuracy, how long you take and where you lose marks.

Practise Limited Liability PartnershipFree diagnostic mock

More Limited Liability Partnership questions