Question
Who are responsible for legal non-compliance and
penalties under LLP Act?Solution
Section 8 Liabilities of designated partners.—Unless expressly provided otherwise in this Act, a designated partner shall be— (a) responsible for the doing of all acts, matters and things as are required to be done by the limited liability partnership in respect of compliance of the provisions of this Act including filing of any document, return, statement and the like report pursuant to the provisions of this Act and as may be specified in the limited liability partnership agreement; and (b) liable to all penalties imposed on the limited liability partnership for any contravention of those provisions.
In the question below there are three statements followed by three conclusions I, II and III. You have to take the three given statements to be true ev...
Statements:
Only mango is apple.
No orange is a Peach.
Some Peaches are guavas.
Some guavas are mangoes.
Conclusio...
In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if t...
Statements : Some cities are villages.
No village is a town.
All towns are countries.
Conclusions:I. Some towns being cities is a ...
Statement:
No dress is western.
Only a few westerns are Indians.
All Indians are traditional.
Conclusion:
I. No dress...
In the following question, some conclusions are given and some statements are given you have to take the given conclusions to be true even if they seem...
Three statements are given, followed by three conclusions numbered I, II and III. Assuming the statements to be true, even if they seem to be at varian...
Statement:
At-least some J are K.
Only L are K.
Only M are J.
Few M are N.
Conclusion :
1. Some M are L.
- In the question below some statements are given followed by three conclusions I, II and III. You have to take the given statements to be true even if they ...
Read the given statements and conclusion carefully. Assuming the information given in the statement is true, even if it appears to be at variance with ...
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