New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Winding up of an

    LLP:
    A can be voluntary Correct Answer Incorrect Answer
    B cannot be voluntary Correct Answer Incorrect Answer
    C can be voluntary only if Tribunal is satisfied Correct Answer Incorrect Answer
    D can be voluntary if designated partners are satisfied Correct Answer Incorrect Answer

    Solution

    LLP Act Section 63. Winding up and dissolution—The winding up of a limited liability partnership may be either voluntary or by the Tribunal and limited liability partnership, so wound up may be dissolved.

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