Question

How can an AIF set up as a LLP be wound up?

a.

Only when the tenure of the AIF is over

b.

If 75% of the investors by value pass a resolution

c.

If SEBI directs in the interests of investors

d.

All of the above

Posted under IC 89 Management Accounting

Answer: (d).All of the above Explanation:An AIF set up as a LLP may be wound up when the tenure is over, if 75% of investors pass a resolution, or if SEBI directs in the interests of investors.

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Q. How can an AIF set up as a LLP be wound up?
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