Mr. S is a well experienced technocrat in the field of manufacturing of computer hard discs and motherboard. He resigned from his job and wished to…

CA Intermediate · Corporate and Other Laws · PYQS · September 2024
Mr. S is a well experienced technocrat in the field of manufacturing of computer hard discs and motherboard. He resigned from his job and wished to form a Limited Liability Partnership (LLP) with the object of manufacturing and trading of computer hardware. He wanted to include his close friends Mr. A, Mr. B, and Mr. C who are very familiar in the same field and worked in the foreign companies also. All three friends had accepted the invitation of Mr. S to be partners of the LLP. Mr. S wanted to ensure whether all the three friends are resident of India and requested them to provide the details of their stay in India. During the previous financial year, Mr. A has stayed in India for a period of 170 days, Mr. B stayed in India for 110 days and Mr. C stayed in India for 100 days. All the partners had given their consent to act as designated partners. He applied for the reservation of desired name to the Registrar and also paid the prescribed fees. Based on the above facts, answer the following questions: (Q. No. 7 to Q. No. 9)
(A) (A) 2 months
(B) (B) 1 month
(C) (C) 3 months
(D) (D) 6 months

Suggested Answer and Working Notes:

Correct Answer: Option (C)

(C) 3 months

Topics: The Limited Liability Partnership Act, 2008

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