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What are the responsibilities of a designated partner in case the LLP has contravened the provisions of the LLP Act?a)The designated partner is exempt from any penalties imposed on the LLP.b)The designated partner is only responsible for administrative tasks.c)The designated partner is liable to pay all the monetary fines imposed on the LLP.d)The designated partner can transfer their responsibilities to other partners.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What are the responsibilities of a designated partner in case the LLP has contravened the provisions of the LLP Act?a)The designated partner is exempt from any penalties imposed on the LLP.b)The designated partner is only responsible for administrative tasks.c)The designated partner is liable to pay all the monetary fines imposed on the LLP.d)The designated partner can transfer their responsibilities to other partners.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What are the responsibilities of a designated partner in case the LLP has contravened the provisions of the LLP Act?a)The designated partner is exempt from any penalties imposed on the LLP.b)The designated partner is only responsible for administrative tasks.c)The designated partner is liable to pay all the monetary fines imposed on the LLP.d)The designated partner can transfer their responsibilities to other partners.Correct answer is option 'C'. Can you explain this answer?.

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