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