Mcq on limited liability partnership
Web3. Every Limited Liability Partnership as per the Limited Liability Partnership Act, 2008 shall have at least two Designated Partners (DPs) who are individuals and (a) at least one among them shall be resident in India (b) both of them shall belong to one family residing in India (c) both of them should be non-resident Indians (NRIs) Weba) Limited liability refers to how much the directors have to contribute in the event of the company becoming insolvent. b) Limited liability refers to the ability of a member to limit …
Mcq on limited liability partnership
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Webcompany law company law objective questions limited liability partnership act, 2008 every llp shall have at least designated partners who are individuals and at. Skip to document. Ask an Expert. Sign in Register. Sign in Register. ... 300+ TOP Transfer of Property Act 1882 MCQs and Answers; Preview text. WebThere are 3 types of partnership. 1. Limited partnership 2. General partnership 3. Limited Liability Partnership. Q1 What is the responsibility of partners in a partnership organisation? Unlimited; No Liability; Limited to the capital of business; Limited; Answer: …
Web(a)Defaulting partner alone is liable for the same. (b)Firm is liable for the same. (c)Firm is not liable for the same. (d)Third party has no remedy. Ans: (b)Firm is liable for the same. 19.An incoming partner, who has been … WebMCQs On Indian Partnership Act, 1932 Part 1. Any partner or agent of the firm which gives rise to a right enforceable by or against the firm. Q.2:- Partnership is the relation …
Webcompany law company law objective questions limited liability partnership act, 2008 every llp shall have at least designated partners who are individuals and at. Skip to document. … Weba) Liability of the member is limited to the amount paid on the shares b) Liability of the member is limited to the amount, if any, unpaid on the shares c) Liability of the …
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WebLimited Liability in Partnership has been introduced after seeking inspiration from (A) Sole Proprietorship (B) Company or Corporation (C) Both (A) and (B) (D) None of these … phelps muscatine iaWebLiability for debts is handled differently in partnerships than in proprietorships and corporations. INTRO TO MICROECONOMICS 143. In a partnership, liability is _____ and _____ partner can be held liable for the business’ entire debt. a. limited; neither b. limited; each c. high; all d. unlimited; each e. unlimited; neither phelps musky tournamentWeb29 jun. 2024 · Business Law MCQ on LLP Act 2008: Check the below Business Law MCQ on LLP Act 2008 with Answers Pdf free download. Business Law MCQ on LLP Act 2008 Questions for Business Law with Answers were prepared based on the latest exam pattern. We have provided Business Law MCQ on LLP Act 2008 with Answers to help students … phelps mychart loginWebLimited Liability Partnership Act, 2008; Insolvency and Bankruptcy Code, 2016; Competition Act, 2002; Partnership Act, 1932; Chartered Accountants Act, 1949; Cost and Works Accountants Act; Company Secretaries Act, 1980; Societies Registration Act, 1860; Companies ( Donation to National Fund) Act, 1951; Accounting Standards; Other Circulars phelps my healthWeb17 aug. 2024 · A sole proprietor has a limit in which of the following ability. 5. Sole Proprietorship is most suitable for. 6. The life of sole proprietorship business is said to be. 7. In which form of business there is no need to share profits. 8. A Sole proprietor concern is free from regulation by. phelps musicWeb24 feb. 2024 · Limited Liability Partnership is governed by Partnership Act, 1932. Every partner in a LLP is the agent for the purpose of the business of LLP but not of the … phelps mtnWeb5 sep. 2024 · (a)limited liability of shareholders. (b) more money for investment. (c) increased flexibility. (d)shared management. Answer Question 13. A_____________partner is an owner who has unlimited liability and is active in managing the firm: (a) senior partner. (b) general partner. (c) silent partner. (d) limited partner. Answer Question 14. phelps muscatine iowa