5 Questions
Which legislation prevails for Partnership entities?
The Indian Partnership Act, 1932
What is the minimum capital required for a Limited Liability entity?
No minimum amount
How long does the registration process take for a Private Limited Company?
7-10 days
What is the naming requirement for a Limited Liability Partnership (LLP)?
Name to contain 'Limited Liability Partnership' as suffix
Is registration optional for a Partnership entity?
Yes, registration is optional
Test your knowledge of the salient features of the Limited Liability Partnership Act, 2008 with this quiz. Explore the characteristics of LLP, including its separate legal entity, limited liability, and governance through the LLP Agreement.
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