Business Studies · LLP Post-Incorporation Compliance
Which of the following statements are correct regarding the post-incorporation compliance and procedures for a Limited Liability Partnership (LLP) in India? I. After incorporation, the partners must file the executed LLP agreement within 30 days of the date of incorporation. II. For annual compliance, LLPs are required to file Form 8 as the Statement of Account & Solvency and Form 11 as the Annual Return. III. The LLP must obtain a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) from the Income Tax Department. IV. An LLP can open a bank account using the Certificate of Incorporation, PAN, and the LLP agreement. Choose the most appropriate answer from the options given below:
- 1I, II and III Only
- 2II, III and IV Only
- 3I, II and IV Only
- 4I, III and IV Only✓
Correct answer
I, III and IV Only
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