Under the Banning of Unregulated Deposit Schemes Act, 2019, a limited liability partnership becomes a…
Section 2(6)(iv) includes "a limited liability partnership registered under the Limited Liability Partnership Act, 2008". An ordinary firm under the Indian Partnership Act,…
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Under the Banning of Unregulated Deposit Schemes Act, 2019, a limited liability partnership becomes a deposit taker if registered under:
Answer and explanation
Correct answer C
Section 2(6)(iv) includes "a limited liability partnership registered under the Limited Liability Partnership Act, 2008". An ordinary firm under the Indian Partnership Act, 1932 is covered separately by section 2(6)(iii), whether registered or not.