Law · Limited Liability Partnership Act
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: After the successful formation of a Limited Liability Partnership, the partners must file the executed LLP agreement within 30 days of the date of incorporation. Reason R: The LLP agreement submitted to the Registrar of Companies must be appropriately stamped, signed by the partners, and notarized. In the light of the above statements, choose the most appropriate answer from the options given below:
- 1A is not correct but R is correct
- 2A is correct but R is not correct
- 3Both A and R are correct and R is the correct explanation of A
- 4Both A and R are correct but R is NOT the correct explanation of A✓
Correct answer
Both A and R are correct but R is NOT the correct explanation of A
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