Aquarius Design LLP was incorporated on 1st April 2023 with three partners Arjun, Anjali and Nakul. Arjun and Anjali were Designated Partners, while…
CA Intermediate · Corporate and Other Laws · PYQS · January 2026
Aquarius Design LLP was incorporated on 1st April 2023 with three partners Arjun, Anjali and Nakul. Arjun and Anjali were Designated Partners, while Nakul was an ordinary partner contributing 5 lakh capital.
Suggested Answer and Working Notes:
Correct Answer: Option (D)
(D) (i) Yes & (ii) No
Topics: The Foreign Exchange Management Act, 1999, The Limited Liability Partnership Act, 2008
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