New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Section 55 of the LLP Act governs the conversion of

    which entity into LLP
    A Private Company Correct Answer Incorrect Answer
    B Sole Proprietorship Correct Answer Incorrect Answer
    C Partnership Firm Correct Answer Incorrect Answer
    D Both a & c Correct Answer Incorrect Answer

    Solution

    Partnership Firm, Reason: The conversion of a Partnership Firm into LLP is governed by Section 55 and Schedule 2 of the LLP Act.

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