What is CAprep (caprep.co.in) and how does it help CA students?

CAprep (caprep.co.in) supports ICAI Chartered Accountancy students across CA Foundation, CA Intermediate and CA Final. It includes 13,000+ past questions, timed mock exams with AI answer-sheet evaluation, and CApex study support.

Does CAprep cover official ICAI PYQs, RTPs, and MTPs?

Yes, CAprep indexes over 13,000+ official ICAI Past Year Questions (PYQs), Revision Test Papers (RTPs), and Mock Test Papers (MTPs) categorized by level, subject, chapter, year, month, and marks with step-wise suggested answers.

Can I practice on both web and the CAprep Android mobile app?

Yes, CAprep offers seamless cross-platform sync across caprep.co.in on the web and the official CAprep Android Mobile App with full offline bookmarking, practice quizzes, and live AI support.

Purple LLP is a limited liability partnership engaged in the business of eco-friendly product manufacturing. The LLP was initially established with…

CA Intermediate · Corporate and Other Laws · MTP · January 2026

Purple LLP is a limited liability partnership engaged in the business of eco-friendly product manufacturing. The LLP was initially established with three partners: Mira, Arjun and Yellow Industries Limited, a corporate entity. Mira and Arjun are the designated partners, with Mira being a resident in India. Yellow Industries Limited has appointed Rahul, an individual, as its nominee to act on its behalf. After a few years, Arjun decides to retire, leaving Mira and Yellow Industries Limited as the remaining partners. Due to some administrative oversight, Purple LLP continues its operations without appointing a new partner. This situation persists for seven months, with Mira being aware of the reduced number of partners. During this period, Purple LLP enters into several contracts and incurs significant financial obligations. On the basis of above facts and by applying applicable provisions of the Limited Liability Partnership Act, 2008 and the applicable Rules therein, choose the correct answer (one out of four) of the following Multiple Choice Questions (of 2 marks each) given herein under:

(A) (A) Dissolved the LLP

(B) (B) Continue operating with one designated partner

(C) (C) Appoint at least one body corporate which should be a foreign company

(D) (D) Appointed at least one more partner who should also be a designated partner, as every LLP should have at least two designated partners

Purple LLP is a limited liability partnership engaged in the business of eco-friendly product manufacturing. The LLP was initially established with…

Suggested Answer and Working Notes:

Related Questions in this Topic