Question
A partner's interest in an LLP_____.
Solution
S.42. Partner’s transferable interest.—(1) The rights of a partner to a share of the profits and losses of the limited liability partnership and to receive distributions in accordance with the limited liability partnership agreement are transferable either wholly or in part. (2) The transfer of any right by any partner pursuant to sub-section (1) does not by itself cause the disassociation of the partner or a dissolution and winding up of the limited liability partnership. (3) The transfer of right pursuant to this section does not, by itself, entitle the transferee or assignee to participate in the management or conduct of the activities of the limited liability partnership, or access information concerning the transactions of the limited liability partnership.
- In which of the following cases it was held that by the Supreme Court that: “the period mentioned in Section 13B(2) is not mandatory but directory, it will...
- Match the following provisions of the Copyright Act with their respective sections: A) Term of copyright B) Provisions relating to royalty payments C) Exce...
- Competition Act, 2002 replaced the MRTP Act, 1969 on the recommendation of which committee?
- As per Section 58 of the Consumer Protection Act, 2019, what jurisdiction does the National Commission have?
- Which of the following writ order can be issued in case of illegal detention?
- What are the eligibility norms that are required to be satisfied by the central recordkeeping agency, points of presence and pension funds as per the PFRDA...
- Under which section of IPC attempt to commit Robbery is punishable?
- The goods which form subject matter of sale
- Which of the following is true relating to Red- herring Prospectus? a.        It is issued prior to the issue of a prospectus b.        It shall carry...
- As per the Bharatiya Nagarik Suraksha Sanhita, Section 180, who has the authority to examine orally any person supposed to be acquainted with the facts and...
