Compromise, Arrangement, or Reconstruction of Limited Liability Partnerships
5 Questions
0 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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?

  • 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</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</p> Signup and view all the answers

    More Like This

    Limited Liability Partnership (LLP) Quiz
    16 questions

    Limited Liability Partnership (LLP) Quiz

    IntriguingGauss avatar
    IntriguingGauss
    Understanding Limited Liability Partnerships (LLP)
    5 questions

    Understanding Limited Liability Partnerships (LLP)

    EfficientCottonPlant avatar
    EfficientCottonPlant
    Business Partnerships and LLCs
    85 questions

    Business Partnerships and LLCs

    ReverentSplendor avatar
    ReverentSplendor
    Limited Liability Partnerships Quiz
    48 questions

    Limited Liability Partnerships Quiz

    VivaciousPrairieDog1619 avatar
    VivaciousPrairieDog1619
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser