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Question

Which of the following is not a circumstance in which a Limited Liability Partnership may be wound up?

Which of the following is not a circumstance in which a Limited Liability Partnership may be wound up?

.

Option A: Upon an internal decision of the LLP where it decides to stop doing business and be wound up.

Option B: When the number of partners is reduced to below two for three consecutive months.

Option C: Upon the limited liability partnership being unable to pay its debts.

Option D: When the LLP has acted against the interest of the sovereignty of India.

Correct Answer

Option: b

Explanation

When the number of partners is reduced to below two for three consecutive months.

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