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Three friends in Pune want to run a consulting business as a Limited Liability Partnership. Which authority administers the incorporation and registration of an LLP in India, through the Registrar of Companies?

The Ministry of Corporate Affairs administers the LLP Act, 2008, and LLPs are incorporated and registered with the Registrar of Companies under it. RBI, SEBI and CCI have different roles: banking and money, securities markets, and competition respectively. They do not handle LLP registration.

  1. AReserve Bank of India
  2. BMinistry of Corporate AffairsCorrect
  3. CSecurities and Exchange Board of India
  4. DCompetition Commission of India

Explanation

LLPs are incorporated and registered under the LLP Act, 2008, which is administered by the Ministry of Corporate Affairs through the Registrar of Companies. RBI regulates banking and money, SEBI regulates securities markets, and CCI deals with competition. None of these registers LLPs.

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