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Budget

The annual re...

Question

The annual return of LLP having turnover of more than or contribution more than shall be accompanied with a certificate from a Company Secretary in Practice to the effect that he has verified the particulars from the books and records of the LLP and found them to be true and correct.

A

Rs. 1 Crore; Rs. 50 lakh

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B

Rs. 5 Crore; Rs. 50 lakh

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C

Rs. 50 Crore; Rs. 5 crore

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D

Rs. 5 Crore; Rs. 10 crore

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Solution

The correct option is B Rs. 5 Crore; Rs. 50 lakh
As per sevtion 25 of Limited Liability Partnership Rules, 2009 the annual return of an LLP having turnover upto five crore rupees during the corresponding financial year or contribution upto fifty lakh rupees shall be accompanied with a certificate from a designated partner, other than the signatory to the annual return, to the effect that annual return contains true and correct information. In all other cases, the annual return shall be accompanied with a certificate from a Company Secretary in practice to the effect that he has verified the particulars from the books and records of the limited liability partnership and found them to be true and correct.

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