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    Question

    Which regulatory body oversees Limited Liability

    Partnerships (LLPs) in India?
    A Securities and Exchange Board of India (SEBI) Correct Answer Incorrect Answer
    B Ministry of Finance Correct Answer Incorrect Answer
    C Reserve Bank of India (RBI) Correct Answer Incorrect Answer
    D Ministry of Corporate Affairs (MCA) Correct Answer Incorrect Answer
    E Institute of Chartered Accountants of India (ICAI) Correct Answer Incorrect Answer

    Solution

    LLPs in India are governed by the Limited Liability Partnership Act 2008 and regulated by the Ministry of Corporate Affairs (MCA). To establish an LLP, partners must file the necessary documents, such as the incorporation agreement and partner details, with the Registrar of Companies (RoC).

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