Question 3 (b)

Contents of the incorporation document of an LLP

5 marks

Time to write
About 10 minutes

From an older CBCS paper

Question

Question 3 (b) · 5 marks

State the contents of incorporation document of LLP.

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

Before you write

Read off the question and its marks

10 minfor 5 marks

Read from the question

  • StateShort and exact: no long explanation.

What the paper leaves open

The only copy of this paper found is cut off at the right edge of the page; the few words lost there are read from the sense and from the Hindi version of the question. The mark for this part is not legible on the copy; it is reckoned here at 5 marks, the paper's own split for its other questions.

Write it in this order

  1. Read; underline the asks; jot your points 1 min
  2. 1 Incorporation document and its filing 2 marks 3 min
  3. 2 Contents 3 marks 5 min
  4. Check: every ask answered, key terms underlined 1 min

Short on time? Trim steps 1 and 2 evenly rather than skip one: each is capped at its own marks.

Try it first. About 10 minutes for 5 marks. Write it out, then open the solution.

Solution

Hover or tap a marked figure, like 72,000, to see how it is made and where else it appears.

Incorporation document. An LLP comes into being through its incorporation document. At least two persons who join to run a lawful business for profit sign it as subscribers and file it with the Registrar of the State in which the LLP's registered office will be (s. 11(1)).

Contents (s. 11(2)). Drawn up in the prescribed form, it tells the Registrar three things about the LLP:

  1. What it is: the LLP's name and the business it proposes to carry on;
  2. Where it is: the address of its registered office;
  3. Who is behind it: the names and addresses of the persons who will be its partners on incorporation, and of those who will be its designated partners;

together with any other information about the proposed LLP that the rules require. Example: three graduates forming "GreenLeaf Design LLP" would state that name, interior design as the business, their Delhi office address, all three as partners and two of them as designated partners.

Where the 5 marks sit

#ComponentMarks
1Incorporation document and its filing2
2Contents3
Total5
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