Which of the following is not a circumstance in which a Limited Liability Partnership may be wound up?
An LLP may be wound up by the Tribunal if the number of partners is reduced below two for more than six months, not merely three consecutive months, so the circumstance that…
Choose your answer
Which of the following is not a circumstance in which a Limited Liability Partnership may be wound up?
Answer and explanation
Correct answer B
An LLP may be wound up by the Tribunal if the number of partners is reduced below two for more than six months, not merely three consecutive months, so the circumstance that is not a ground is "When the number of partners is reduced to below two for three consecutive months."
Practice for these exams
-
UGC NET Law
Subject revision
See pack details on LawMint.net -
Delhi Judicial Services
-
CUET PG Law (LL.M.)
Subject revision
-
Uttarakhand Judicial Services
Subject revision