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Which of the following is not correct about Limited Liability Partnership (LLP)? - Commercial Applications

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प्रश्न

Which of the following is not correct about Limited Liability Partnership (LLP)?

विकल्प

  • An LLP is a body corporate having a separate legal entity and perpetual succession.

  • An LLP must not maintain annual accounts reflecting the true and fair view of its state of affairs.

  • The liability of partners in LLP is limited to their agreed contributions to the LLP.

  • As there is no limit on the number, an LLP can raise huge funds for expansion and growth of business.

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उत्तर

An LLP must not maintain annual accounts reflecting the true and fair view of its state of affairs.

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अध्याय 3: Ownership Structures - Partnership - EXERCISES [पृष्ठ ४०]

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सी. बी. गुप्ता Commercial Applications [English] Class 9 ICSE
अध्याय 3 Ownership Structures - Partnership
EXERCISES | Q I. 12. | पृष्ठ ४०
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