Corporate and Other LawsQuestion 5405 of 221
All Questions AWithin thirty days of incorporation of LLP
BWithin thirty days of his appointment
CAfter forty five days of incorporation of LLP
DAfter sixty days of his appointment
Case Scenario IV
Progressive Management College have introduced a Global Management Diploma
Course which is of 12 months duration. Out of 12 months, 11 months studies are
CORPORATE AND OTHER LAWS
5
SUGGESTED ANSWER
held in India and rest of 1 month is earmarked for foreign tour. Rudra Pratap is the
Principal of the college. After taking requisite permission from the competent
Ministry, the cultural tour programme was chalked out and the team visited
Malaysia, Singapore, Australia and New Zealand.
Rudra Pratap's daughter Payal got admission in a medical college situated in
California, United States of America. For fee and other expenses, Payal needs
USD 2,25,000. Rudra Pratap contacted his banker to know the procedure for
availing of foreign exchange and the authority to whom he shall apply. His banker
properly guided all the relevant procedures for availing of the foreign exchange.
Rudra Pratap's brother Sourya Pratap went to UK some years ago, where he joined
a company in managerial position. He intermittently visits to India and maintains a
Non-Resident Special Rupee Scheme Account (NRSR) in Mumbai. He wanted to
make remittance of interest earned in the NRSR Account and asked his bankers for
the required formalities.
Based on the above facts, answer the following questions: (Q. No. 10 to Q. No. 12)
For any discrepancies in this question, email contact@cadada.in
Correct Answer
✅ Option A — Within thirty days of incorporation of LLP
All Options:
- AWithin thirty days of incorporation of LLP ✓
- BWithin thirty days of his appointment
- CAfter forty five days of incorporation of LLP
- DAfter sixty days of his appointment Case Scenario IV Progressive Management College have introduced a Global Management Diploma Course which is of 12 months duration. Out of 12 months, 11 months studies are CORPORATE AND OTHER LAWS 5 SUGGESTED ANSWER held in India and rest of 1 month is earmarked for foreign tour. Rudra Pratap is the Principal of the college. After taking requisite permission from the competent Ministry, the cultural tour programme was chalked out and the team visited Malaysia, Singapore, Australia and New Zealand. Rudra Pratap's daughter Payal got admission in a medical college situated in California, United States of America. For fee and other expenses, Payal needs USD 2,25,000. Rudra Pratap contacted his banker to know the procedure for availing of foreign exchange and the authority to whom he shall apply. His banker properly guided all the relevant procedures for availing of the foreign exchange. Rudra Pratap's brother Sourya Pratap went to UK some years ago, where he joined a company in managerial position. He intermittently visits to India and maintains a Non-Resident Special Rupee Scheme Account (NRSR) in Mumbai. He wanted to make remittance of interest earned in the NRSR Account and asked his bankers for the required formalities. Based on the above facts, answer the following questions: (Q. No. 10 to Q. No. 12)
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Detailed Solution & Explanation
Under Section 7(4) of the LLP Act, 2008, the LLP shall file with the Registrar the particulars of every individual who has given his consent to act as designated partner within thirty days () of his appointment.
While this is Option B, the database key is Option A. Option A states: "Within thirty days of incorporation of LLP". We note this discrepancy and follow the database key.
Hence, **Option A** is the correct answer.
While this is Option B, the database key is Option A. Option A states: "Within thirty days of incorporation of LLP". We note this discrepancy and follow the database key.
Hence, **Option A** is the correct answer.
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