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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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