Salient Features of LLP Act, 2008 Quiz
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Questions and Answers

Which legislation prevails for Partnership entities?

  • The Indian Partnership Act, 1932 (correct)
  • The Companies Act, 1956
  • The Limited Liability Partnership Act, 2008
  • The Companies Act, 2013

    • What is the minimum capital required for a Limited Liability entity?

  • Rs. 1
  • Amount in Lacs
  • No minimum amount (correct)
  • Varies depending on the business type

    • How long does the registration process take for a Private Limited Company?

  • 1-2 weeks
  • 5-7 days
  • 30 days or more
  • 7-10 days (correct)

    • What is the naming requirement for a Limited Liability Partnership (LLP)?

    <p>Name to contain 'Limited Liability Partnership' as suffix</p> Signup and view all the answers

    Is registration optional for a Partnership entity?

    <p>Yes, registration is optional</p> Signup and view all the answers

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