ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Whether a HUF can become partner in

    LLP:┬а
    A HUF may become partner of LLP provided the Registrar may grant permission in this behalf. Correct Answer Incorrect Answer
    B No, HUF canтАЩt become partner in the LLP . Correct Answer Incorrect Answer
    C Yes, HUF may become partner of LLP. Correct Answer Incorrect Answer
    D Yes, HUF can become a partner but with prior approval of NCLT. Correct Answer Incorrect Answer
    E None of the above. Correct Answer Incorrect Answer

    Solution

    A Hindu Undivided Family (HUF) can become a partner in a Limited Liability Partnership, as LLPs accept natural persons as well as Hindu Undivided Families as partners under the LLP Act and applicable rules. There is no specific requirement for permission from the Registrar solely due to HUF status.

    Practice Next
    More Other Laws and Acts Questions
    ask-question