Skip to content

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

Which of the following persons may make the statement filed with the incorporation document that all requirements of the LLP Act have been complied with, along with a subscriber to the document?

The statement must be made by an advocate, Company Secretary, Chartered Accountant or Cost Accountant engaged in the formation of the LLP, together with one subscriber to the incorporation document. So a Company Secretary engaged in the formation qualifies; bankers or creditors do not.

  1. AA Company Secretary engaged in the formation of the LLPCorrect
  2. BAny employee of the Registrar
  3. CA banker of the proposed LLP
  4. DAny person who is a creditor of the partners

Explanation

Section 11(1)(c) requires the statement to be made by an advocate, Company Secretary, Chartered Accountant or Cost Accountant engaged in the formation, and by one subscriber. Bankers, creditors or Registrar staff are not listed.

Did you get it right without looking?

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

Practise Elements of Law relating to Partnership and Limited Liability PartnershipFree diagnostic mock

More Elements of Law relating to Partnership and Limited Liability Partnership questions