Answer-The provisions of partnership act are_____.

LLP Act S. 4. Non-applicability of the Indian Partnership Act, 1932. Save as otherwise provided, the provisions of the Indian Partnership Act, 1932 shall not apply to a limited liability partnership.

⚡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug ⚡ Enroll Now

Question

The provisions of partnership act

are_____.

A Applicable to an LLP.

B Not applicable to an LLP.

C May apply to an LLP.

D May apply to an LLP if entered into an agreement.

E It is the discretion of designated partners.

Practice Next

More Administrative Interpretation and Maxims Questions

In an organization, in what sequence will the following functions of a manager be performed?

1. Motivation

2. Controlling

Which of the following best describes a risk averse investor?
The group into which business activities are classified for financial reporting of cash flow statement are:
Elephant Bonds were proposed to be issued to recover undisclosed offshore income of people, funds from which would be used for infrastructure. What is ...
MPC increases, multiplier ______
What is the minimum credit rating required for the issuance of Commercial Papers (CPs) and Non-Convertible Debentures (NCDs), as per the revised RBI gui...
Which of the following is/are “inflation measuring indices” in India?

1. Consumer price index

2. Wholesale price index

...
An asset, which has remained NPA for a period less than or equal to 12 months is called:
An increase in the Bank Rate generally indicates that the :
‘Global Financial Stability Report’ is prepared by the :

The provisions of partnership act

Solution