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    Question

    The provisions of partnership act

    are_____.
    A Applicable to an LLP. Correct Answer Incorrect Answer
    B Not applicable to an LLP. Correct Answer Incorrect Answer
    C May apply to an LLP. Correct Answer Incorrect Answer
    D May apply to an LLP if entered into an agreement. Correct Answer Incorrect Answer
    E It is the discretion of designated partners. Correct Answer Incorrect Answer

    Solution

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

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