Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: Limited Liability Partnerships are structurally exempt from submitting annual financial compliances, such as statements of accounts, to the Registrar of Companies. Reason R: LLPs are mandatorily required to file Form 8 for the Statement of Account & Solvency and Form 11 for the Annual Return within specified timelines. In the light of the above statements, choose the most appropriate answer from the options given below:

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Law · Limited Liability Partnership Act

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

A is not correct but R is correct

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Answer 1

Both A and R are correct and R is the correct explanation of A

Answer 2

Both A and R are correct but R is NOT the correct explanation of A

Answer 3

A is correct but R is not correct

Answer 4

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