L_M24_Ch-12

Question 1

[Sec.11 to Sec.17]

Answer 1

INCORPORATION OF LLP

Question 2

[Sec.6]

Answer 2

Minimum number of Partners

Question 3

[Sec. 7]

Answer 3

Designated Partners

Question 4

[Sec. 8]

Answer 4

Liabilities of Designated Partners

Question 5

[Sec. 9]

Answer 5

Changes in Designated Partners

Question 6

[Sec. 10]

Answer 6

Punishment for contravention of sections 7 and 9

Question 7

[Sec.11 to Sec.17]

Answer 7

INCORPORATION OF LLP

Question 8

[Sec.11]

Answer 8

Incorporation Document

Question 9

[Sec.12]

Answer 9

Incorporation by Registration

Question 10

[Sec.13]

Answer 10

Registered Office of LLP and Change therein

Question 11

[Sec.14]

Answer 11

Effect of registration

Question 12

[Sec.15]

Answer 12

Name

Question 13

[Sec.16]

Answer 13

Reservation of name

Question 14

[Sec.17]

Answer 14

Rectification of name of LLP

Question 15

[Sec.22 to Sec. 25]

Answer 15

PARTNERS AND THEIR RELATIONS

Question 16

[Sec.22]

Answer 16

Eligibility to be partners

Question 17

[Sec.23]

Answer 17

Relationship of partners

Question 18

[Sec.24]

Answer 18

Cessation of partnership interest

Question 19

[Sec.25]

Answer 19

Registration of changes in partners

Question 20

[Sec.26 to Sec.31]

Answer 20

EXTENT AND LIMITATION OF LIABILITY OF LLP AND PARTNER

Question 21

[Sec. 26]:

Answer 21

Partner as agent

Question 22

[Sec. 27]

Answer 22

Extent of liability of LLP

Question 23

[Sec. 28]

Answer 23

Extent of liability of partner

Question 24

[Sec. 29]

Answer 24

Holding out

Question 25

[Sec. 30]

Answer 25

Unlimited liability in case of fraud

Question 26

[Sec. 31]

Answer 26

Whistle blowing

Question 27

[Sec.32 & Sec.33]

Answer 27

CONTRIBUTIONS

Question 28

[Sec.32]

Answer 28

Form of contribution

Question 29

[Sec.33]

Answer 29

Obligation to contribute

Question 30

[Sec.34 to Sec.39]

Answer 30

FINANCIAL DISCLOSURES

Question 31

[Sec.34]

Answer 31

Maintenance Of Books Of Account, Other Records And Audit, Etc.

Question 32

[Sec. 34A]

Answer 32

Accounting And Auditing Standards

Question 33

[Sec.35]

Answer 33

Annual Return

Question 34

[Sec.36]

Answer 34

Inspection Of Documents Kept By Registrar

Question 35

[Sec.37]

Answer 35

Penalty For False Statement

Question 36

[Sec. 38]

Answer 36

Power Of Registrar To Obtain Information

Question 37

[Sec.39]

Answer 37

Compounding Of Offences

Question 38

[SEC.42]

Answer 38

PARTNER’S TRANSFERABLE INTEREST

Question 39

[Sec.60 to Sec.62]

Answer 39

COMPROMISE, ARRANGEMENT OR RECONSTRUCTION OF LIMITED LIABILITY PARTNERSHIPS

Question 40

[Sec.60]

Answer 40

Compromise or arrangement of limited liability partnerships

Question 41

[Sec. 61]

Answer 41

Power of Tribunal to enforce compromise or arrangement

Question 42

[Sec.62]

Answer 42

Provisions for facilitating reconstruction or amalgamation of limited liability partnerships

Question 43

[Sec. 55 to Sec.58]

Answer 43

CONVERSION INTO LLP

Question 44

[Sec.55]:

Answer 44

Conversion from firm into LLP

Question 45

[Sec.56]:

Answer 45

Conversion from private company into LLP

Question 46

[Sec.57]:

Answer 46

Conversion from unlisted public company into LLP

Question 47

[Sec.58]

Answer 47

Registration and effect of conversion

Question 48

[Sec.59]

Answer 48

Foreign limited liability partnerships

Question 49

[Sec.63 to Sec.65]

Answer 49

WINDING UP AND DISSOLUTION

Question 50

[Sec.63]:

Answer 50

Winding up and dissolution

Question 51

[Sec.64]:

Answer 51

Circumstances in which LLP may be wound be by Tribunal

Question 52

[Sec.65]:

Answer 52

Rules for winding up and dissolution

Question 53

[Sec.66 to Sec.70]

Answer 53

MISCELLANEOUS

Question 54

[Sec.66]:

Answer 54

Business Transactions of Partner with LLP

Question 55

[Sec.67]

Answer 55

Application of the Provisions of the Companies Act

Question 56

[Sec. 69]

Answer 56

Payment of Additional Fee

Question 57

[Sec. 70]

Answer 57

Enhanced Punishment