Question 4 OR (c)

Incorporation of an LLP

5 marks

From an older CBCS paper

Question

Question 4 OR (c) · 5 marks

How can an LLP be incorporated under LLP Act 2008?

Reworded from the university paper; the task is the same. The original paper belongs to the University of Delhi. See DU's question bank.

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10 minfor 5 marks

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Registration process under the Limited Liability Partnership Act, 2008:

Subscription (s. 11(1)(a)): at least two persons, associated to carry on a lawful business for profit, sign their names to an incorporation document.
Contents (s. 11(2)): the document states the LLP's name, its proposed business, the address of its registered office, the names and addresses of its partners and designated partners on incorporation, and other prescribed information.
Filing (s. 11(1)(b)): it is filed with the prescribed fee with the Registrar of the State in which the registered office is to be situated.
Statement of compliance (s. 11(1)(c)): by an advocate, company secretary, chartered accountant or cost accountant engaged in the formation, and by one of the subscribers.
Registration (s. 12): the Registrar registers the document within 14 days and certifies that the LLP is incorporated by the name specified.

#	Component	Marks
1	Subscription, contents and filing	3
2	Statement of compliance and registration	2
	Total	5

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