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Compromise, Arrangement, or Reconstruction of Limited Liability Partnerships

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Compromise, Arrangement, or Reconstruction of Limited Liability Partnerships

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What is the maximum penalty for failing to comply with a summons issued by the Registrar under the Limited Liability Partnership Act, 2008?

A fine of Rs. 10,000 or imprisonment up to 1 year, or both

A fine of Rs. 25,000 or imprisonment up to 2 years, or both (correct)

A fine of Rs. 5,000 or imprisonment up to 6 months, or both

A fine of Rs. 50,000 or imprisonment up to 3 years, or both

Which authority is empowered to compound offences under the Limited Liability Partnership Act, 2008?

The Regional Director

Both (b) and (c) (correct)

The Registrar of Limited Liability Partnerships

The Central Government

Within what time frame must an offence be compounded under the Limited Liability Partnership Act, 2008?

6 months from the date of commission of the offence

1 year from the date of commission of the offence (correct)

3 months from the date of commission of the offence

There is no time limit specified in the Act

What is the maximum penalty for a limited liability partnership that fails to comply with the requirements of the Limited Liability Partnership Act, 2008 or its rules?

<p>A fine of Rs. 10 lakh (D)</p> Signup and view all the answers

Under what circumstances can the Registrar of Limited Liability Partnerships summon an individual under the Limited Liability Partnership Act, 2008?

<p>The Registrar has the power to summon any individual for any reason related to the administration of the Act (A)</p> Signup and view all the answers

Compromise, Arrangement, or Reconstruction of Limited Liability Partnerships

Choose a study mode

Podcast

Questions and Answers

What is the maximum penalty for failing to comply with a summons issued by the Registrar under the Limited Liability Partnership Act, 2008?

Which authority is empowered to compound offences under the Limited Liability Partnership Act, 2008?

Within what time frame must an offence be compounded under the Limited Liability Partnership Act, 2008?

What is the maximum penalty for a limited liability partnership that fails to comply with the requirements of the Limited Liability Partnership Act, 2008 or its rules?

Under what circumstances can the Registrar of Limited Liability Partnerships summon an individual under the Limited Liability Partnership Act, 2008?

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