Question

    On which date was the Limited Liability Partnership Act

    enacted?
    A 12 December 2008 Correct Answer Incorrect Answer
    B 15 December 2008 Correct Answer Incorrect Answer
    C 10 December 2008 Correct Answer Incorrect Answer
    D 20 December 2008 Correct Answer Incorrect Answer
    E 25 December 2008 Correct Answer Incorrect Answer

    Solution

    The Limited Liability Partnership Act, 2008 was passed by Parliament on December 2, 2008, received the President's assent on January 7, 2009, and came into force on March 31, 2009. It provides a hybrid structure combining the flexibility of a partnership with the limited liability benefits of a company.

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