Question
Who can become a partner in a Limited Liability
Partnership?Solution
When LLP is incorporated the persons who subscribe their names to the incorporation document are considered as its first partners and any person may become partner in the LLP as per the LLP Agreement. Further, for the formation of LLP there must be at least two persons either natural or artificial and there is no restriction on the maximum number of partners. However, in case any body corporate is a partner then in that case it is required to nominate any person (natural) as its nominee for the purpose of LLP.
Statement : Many farmers are unable to get fair prices for their produce due to a lack of direct market access.
Courses of Action :
Statement: Not too long ago, there was a time when doctors in the world were bestowed upon a divine status but nowr eports of violence against doctors,...
Statement : Several students drop out of high school due to financial constraints.
Courses of Action :
I. The government should pro...
Statement: Militants are now attacking the police in several states of India in a bid to demoralize them and to choke the intelligence network.
...
Statement: Malnutrition isn’t just about acute starvation and often, healthy-looking people are malnourished too, because their diet does not inc...
The major road connecting the two main parts of the city is inundated due to heavy rains during past two days.
Courses of Action: (I)The govt. sh...
The increasing amount of NPA in public sector banks is causing trouble for RBI and India’s GDP as well.
Which of the following course of action...
Statement: A dentist of Hospital DBX situated in town X of the population nearly 1 lac is giving a test prescription unnecessarily. This test is also v...
Statement: A large number of students fail to clear competitive exams despite attending coaching classes.
Courses of Action:
I. Co...Statement : Many students in rural areas fail to complete their primary education due to a lack of basic facilities in schools.
Courses of A...
Relevant for Exams:
