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Questions and Answers
Which legislation prevails for Partnership entities?
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?
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?
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)?
What is the naming requirement for a Limited Liability Partnership (LLP)?
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Is registration optional for a Partnership entity?
Is registration optional for a Partnership entity?
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