Question
Which statement about a designated partner in the
context of a Limited Liability Partnership is not true?Solution
LLP Act Section 7 In a Limited Liability Partnership there must be at least two designated partners, both of whom must be individuals, with at least one being a resident in India . The LLP agreement can specify the designated partners, or they can be chosen from among the partners. Before becoming a designated partner, an individual must give their consent to the LLP. The LLP must file the particulars of each designated partner with the registrar within 30 days of their appointment. Designated partners must also obtain a Designated Partner Identification Number from the Central Government.
Legal tender character of notes is provided under which section of the RBI Act, 1934?
Which of the following is NOT a primary rule of statutory interpretation?Â
What is the primary focus of Part 2 of the Insolvency and Bankruptcy Code?
A cuts down a tree on Z's ground, with the intention of dishonestly taking the tree out of Z's possession without Z's consent. Here, as soon as A has se...
What does a "Government company" mean as per the Companies Act?
_________________________ shall have the right to information as per Section 3 of the RTI Act
Which of the following is accurate about the application of Fundamental Rights in Scheduled Areas?
A lunatic is always competent to testify except when:
On application under section 22-E of The Rajasthan Rent Control Act, 2001, Court fee shall be payable:-
Read the following statements thoroughly:
1. Companies may be liable for failure to prevent bribery.
2. Companies may defend themselves by...
