Law · Limited Liability Partnership Act
Match LIST-I with LIST-II: LIST-I (Entity / Regulation) A. Smaller Limited Liability Partnerships B. LLPs exceeding turnover or capital contribution thresholds C. Traditional Partnerships D. Chapter VI of the LLP Act LIST-II (Audit / Financial Rule) I. Subject to mandatory audit requirements II. Generally exempt from mandatory statutory audits III. Outlines the statutory requirements for audit and financial disclosures IV. Generally not required to be audited unless specified by the agreement Choose the correct answer from the options given below:
- 1A-IV, B-II, C-III, D-I
- 2A-II, B-I, C-IV, D-III✓
- 3A-III, B-I, C-IV, D-II
- 4A-I, B-IV, C-II, D-III
Correct answer
A-II, B-I, C-IV, D-III
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