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LLP is a body corporate and a legal entity separate from its partners. The Limited Liability Partnership Act 2008 has been notified with effect from 31 March 2009. In an LLP each member is protected from personal liability, except to the extent of their capital contribution in the LLP. Indian Partnership Act, 1932 is not applicable to LLPs and there is no upper limit on number of partners in an LLP unlike an ordinary partnership firm where the maximum number of partners cannot exceed 20.
A protection against financial losses in the future is called:
Which of the following statements is/are correct about the city of Singapore as a global financial center?
1) Singapore is the world's largest...
The Basel III capital regulations are based on which of mutually reinforcing Pillars
Pradhan Mantri Jan Dhan Yojna aims to provide universal access to banking facilities with at least one basic banking account for every household, finan...
What growth forecast for India did S&P Global Ratings retain for FY25?
The cross border remittances through UPI - PayNow linkage is meant for remittance between India and ________.
Under written down value method of Depreciation, the WDV of the asset is always:
The minimum Common Equity Tier 1 (CET1) capital for banks in India as specified by RBI is:
In the context of Cash Credit (CC) facilities, what does the term 'Drawing Power' refer to?
According to the Union Budget 2023-24, consider the following statements.
1. We are the largest producer and second largest exporter of ‘Shr...