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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

        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.

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