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      Question

      As per the provisions of the LLP Act how can a firm

      convert into a limited liability partnership?
      A In accordance with the provisions of Chapter X and the Second Schedule of the LLP Act Correct Answer Incorrect Answer
      B In accordance with the provisions of Chapter X and the Third Schedule of the LLP Act Correct Answer Incorrect Answer
      C In accordance with the provisions of Chapter IX and the Second Schedule of the LLP Act Correct Answer Incorrect Answer
      D In accordance with the provisions of Chapter XII and the Fifth Schedule of the LLP Act Correct Answer Incorrect Answer
      E In accordance with the provisions of Chapter X of the LLP Act of the LLP Act Correct Answer Incorrect Answer

      Solution

      Section 55.   Conversion from firm into limited liability partnership: A firm may convert into a limited liability partnership in accordance with the provisions of this Chapter and the Second Schedule.

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