Question

As per the LLP Act any change in the partners of a limited liability partnership _____________

Q: Answer-As per the LLP Act any change in the partners of a limited liability partnership _____________

Section 3. Limited liability partnership to be body corporate 1 A limited liability partnership is a body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners. 2 A limited liability partnership shall have perpetual succession. 3 Any change in the partners of a limited liability partnership shall not affect the existence, rights or liabilities of the limited liability partnership.

A Shall affect the existence, rights or liabilities of the limited liability partnership

B Shall not affect the existence, rights or liabilities of the limited liability partnership

C May affect the existence, rights or liabilities of the limited liability partnership

D Shall not affect its existence but rights or liabilities of the limited liability partnership shall be affected

E Might affect the existence, rights or liabilities of the limited liability partnership depending on the terms of the agreement

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As per the LLP Act any change in the partners of a limited liability partnership _____________

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