hamburger menu
All Coursesall course arrow
adda247
reward-icon
adda247
    arrow
    arrow
    arrow
    Limited liability partnership may be wound up by which one of the following
    Question



    Limited liability partnership may be wound up by which one of the following

    A.

    Voluntarily

    B.

    By the Registrar, if the firm fails to file annual return in the prescribed form with the Registrar of Companies within 60 days of closer of the financial year

    C.

    By the tribunal established under the Companies Act, 2013

    D.

    Either voluntarily or by the tribunal established under the Companies Act, 2013

    Correct option is D


    There are two types of winding up of a Limited Liability Partnership (LLP):
    1. Voluntary Winding Up A voluntary winding up can be initiated by the LLP itself by passing a resolution for winding up the LLP with the consent of at least two-thirds of the total number of partners
    2. Compulsory Winding Up: A compulsory winding up can be initiated by the National Company Law Tribunal (NCLT) on the application of the LLP itself, the partners, the creditors, or any other interested party.

    Free Tests

    Free
    Must Attempt

    Basics of Education: Pedagogy, Andragogy, and Hutagogy

    languageIcon English
    • pdpQsnIcon10 Questions
    • pdpsheetsIcon20 Marks
    • timerIcon12 Mins
    languageIcon English
    Free
    Must Attempt

    UGC NET Paper 1 Mock Test 1

    languageIcon English
    • pdpQsnIcon50 Questions
    • pdpsheetsIcon100 Marks
    • timerIcon60 Mins
    languageIcon English
    Free
    Must Attempt

    Basics of Education: Pedagogy, Andragogy, and Hutagogy

    languageIcon English
    • pdpQsnIcon10 Questions
    • pdpsheetsIcon20 Marks
    • timerIcon12 Mins
    languageIcon English

    Similar Questions

    test-prime-package

    Access ‘UGC NET Commerce’ Mock Tests with

    • 60000+ Mocks and Previous Year Papers
    • Unlimited Re-Attempts
    • Personalised Report Card
    • 500% Refund on Final Selection
    • Largest Community
    students-icon
    354k+ students have already unlocked exclusive benefits with Test Prime!
    Our Plans
    Monthsup-arrow