Hrishikesha, Vidyamurthy, Ragupraveera and Vidyadheesha proposes to register a Limited Liability Partnership (LLP) to publish books and historical literature. Draft the following clauses of an LLP agreement, as requested
CS Professional · Drafting, Pleadings and Appearances · PYQS · December 2024
Hrishikesha, Vidyamurthy, Ragupraveera and Vidyadheesha proposes to register a Limited Liability Partnership (LLP) to publish books and historical literature. Draft the following clauses of an LLP agreement, as requested by them: Maintenance of Books of Accounts.
Answer & Explanation:
Maintenance of Books of Accounts Books of Accounts of the limited liability partnership (LLP) shall be kept at the registered office of the LLP for reference, access, inspection and having copies of by all the partners. The accounting year of the LLP shall be the Financial Year, i.e., from 1 st April of the year to 31 st March of the subsequent year. The first accounting year shall be from the date of commencement of the LLP till 31 st March of the subsequent year.
Topics: Limited Liability Partnership (LLP) Law
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