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What is the purpose of a Digital Signature Certificate in an LLP?
  • a)
    To verify the identity of the partners
  • b)
    To certify the financial statements
  • c)
    To authenticate the LLP Agreement
  • d)
    To ensure compliance with tax regulations
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
What is the purpose of a Digital Signature Certificate in an LLP?a)To ...
A Digital Signature Certificate (DSC) is used in an LLP to verify the identity of the partners. As all the forms required for incorporating an LLP are filed electronically, at least one of the designated partners needs to have a DSC to digitally sign these forms.
Example: When filing the incorporation documents or any other forms with the Registrar of LLP, the designated partner with a DSC can digitally sign the forms, ensuring that the identity of the partner is verified and the information provided is authentic. 
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What is the purpose of a Digital Signature Certificate in an LLP?a)To verify the identity of the partnersb)To certify the financial statementsc)To authenticate the LLP Agreementd)To ensure compliance with tax regulationsCorrect answer is option 'A'. Can you explain this answer?
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