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: Individuals intending to serve as designated partners in a Limited Liability Partnership must obtain a unique statutory identification number by filing Form DIR-3. Reason R: The Certificate of Incorporation, issued by the Registrar of Companies, serves as the conclusive legal proof of a Limited Liability Partnership's successful formation and existence. In the light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both A and R are correct and R is the correct explanation of A
- 2Both A and R are correct but R is NOT the correct explanation of A
- 3A is correct but R is not correct
- 4A is not correct but R is correct✓
Correct answer
A is not correct but R is correct
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