Answer-Whether a HUF can become partner in LLP:

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.

Question

Whether a HUF can become partner in

LLP:

A HUF may become partner of LLP provided the Registrar may grant permission in this behalf.

B No, HUF can’t become partner in the LLP .

C Yes, HUF may become partner of LLP.

D Yes, HUF can become a partner but with prior approval of NCLT.

E None of the above.

Practice Next

More Other Laws and Acts Questions

Who won 2016 Chess Championship title?
Which of the following statement is correct about Khelo India Para Games, 2023?

I. The 1st edition of Khelo India Para Games 2023 is being organi...
What is the potential difference between electrodes and electrolyte?
Prithviraj Raso, an epic poem about the life of the 12th century Indian king, Prithviraj Chauhan, was written by:
What did the Delhi government launch to combat air pollution in the national capital?
Who was/were the founder(s) of the Theosophical Society?
In which year was the Gandhi-Irwin Pact signed?
India International Science Festival (IISF-2016) was inaugurated in which of the following city?
Which one of the following registers contains the address of the next location in the memory to be accessed?
In India, which of the following is not an organ of the Government?

Whether a HUF can become partner in

Solution