If there is conversion of private limited company into LLP all the of the company must become partners in the LLP and no one else

Related MCQs

• In absence of LLP agreement the mutual rights of partners and the relation to LLP will be determined as per schedule _of LLP Act 2008
• From the following details what will be the partners‘ commission? Net profit before charging partners‘ commission `65,000. Partners‘ commission @ 11% after charging such commission
• From the following details what will be the partners‘ commission? Net profit before charging partners‘ commission `65,000. Partners‘ commission 11% before charging such commission
• If ABC Limited and DEF Limited are taken over by a new company AKSHAY Limited
• The maximum number of Partners which can be allowed as partners in a firm are…
• AB are two partners in a firm, as per the terms of agreement partners drawing will carry interest @ 10%. If A has drawn funds from business as per the details given below. Find the interest for the year ended 31.12.2012 01.04.2012 ` 20,000 01.06.2012 ` 10,000 01.09.2012 ` 20,000
• At least of the designated partners of every limited liability partnership shall be a resident in India.
• When there is a change in the current partners’ association that results in ending the existing agreement and initiate a formation of a new agreement is known as Sol:
• Accounts of LLP are to be audited by _____________
• Certificate of incorporation of LLP is issued by_______________