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      Question

      The incorporation document shall consist of a statement

      of an advocate, CA or CS that the LLP has complied with all the provisions of LLP act, person making false statement shall be punished with________.
      A 2 years imprisonment Correct Answer Incorrect Answer
      B Fine upto 2 lakh rupees Correct Answer Incorrect Answer
      C Imprisonment upto 2 years and fine not less than 10 thousand and extend to 5 lakh rupees Correct Answer Incorrect Answer
      D Imprisonment upto 2 years and fine not less than 10 thousand and extend to 2 lakh rupees Correct Answer Incorrect Answer

      Solution

      Section 11. Incorporation document:  (3) If a person makes a statement under clause (c) of sub-section (1) which he— (a) knows to be false; or (b) does not believe to be true, shall be punishable with imprisonment for a term which may extend to two years and with fine which shall not be less than ten thousand rupees but which may extend to five lakh rupees. (c) there shall be filed along with the incorporation document, a statement in the prescribed form, made by either an advocate, or a Company Secretary or a Chartered Accountant or a Cost Accountant, who is engaged in the formation of the limited liability partnership and by any one who subscribed his name to the incorporation document, that all the requirements of this Act and the rules made thereunder have been complied with, in respect of incorporation and matters precedent and incidental thereto

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