Which regulatory body governs Limited Liability

Q: Answer-Which regulatory body governs Limited Liability Partnership (LLP) firms in India?

In India, Limited Liability Partnership LLP firms are regulated by the Ministry of Corporate Affairs MCA, which is responsible for overseeing and administering the Companies Act, 2013 as well as the Limited Liability Partnership Act, 2008. The MCA is also responsible for registering and maintaining records of LLPs in India, and ensuring that they comply with legal and regulatory requirements.

Partnership (LLP) firms in India?

A Reserve Bank of India (RBI) Correct Answer Incorrect Answer

B Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer

C Ministry of Corporate Affairs (MCA) Correct Answer Incorrect Answer

D Registrar of Companies Correct Answer Incorrect Answer

E Indian Partnership Act Correct Answer Incorrect Answer

Solution

In India, Limited Liability Partnership (LLP) firms are regulated by the Ministry of Corporate Affairs (MCA), which is responsible for overseeing and administering the Companies Act, 2013 as well as the Limited Liability Partnership Act, 2008. The MCA is also responsible for registering and maintaining records of LLPs in India, and ensuring that they comply with legal and regulatory requirements.

Practice Next

More Alternate Sources of Finance Questions