Rohit and Anushka after passing out the CA examination, incorporated an LLP to work as the practicing Chartered Accountant. Rohit and Anushka were…

CA Intermediate · Corporate and Other Laws · PYQS · May 2025
Rohit and Anushka after passing out the CA examination, incorporated an LLP to work as the practicing Chartered Accountant. Rohit and Anushka were also titled as designated partners. After sometime, Rohit got an opportunity to provide consultancy services on an ongoing basis to a company based in Singapore. Rohit remained in India for 90 days during the Financial Year 2023-24. The LLP continues its operations from India with Anushka whereas Rohit participates in decision making remotely. Based on the facts given in the above case and by applying the relevant provisions of the LLP Act, 2008 and the applicable rules therein, choose the correct answer of the following MCQs: (Q. No. 10 and Q. No. 11)
(A) not less than one hundred and twenty days during the financial year
(B) not less than sixty days during the financial year
(C) not less than one hundred days during preceding one year
(D) not less than ninety days during preceding one year

Suggested Answer and Working Notes:

Correct Answer: Option (A)

not less than one hundred and twenty days during the financial year

Topics: The Limited Liability Partnership Act, 2008

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