Corporate and Other LawsQuestion 5405 of 221
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9. In how many days, a Limited Liability Partnership shall file with the Registrar, the particulars of every individual who has given his consent to act as designated partner?

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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Correct Answer

Option AWithin 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 (30 days\displaystyle 30\text{ 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.

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