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

    Question

    Contributions of a partner in an LLP are

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    A Unlimited Correct Answer Incorrect Answer
    B Determinate Correct Answer Incorrect Answer
    C As per the LLP agreement Correct Answer Incorrect Answer
    D As per the partner's requirements. Correct Answer Incorrect Answer

    Solution

    Section 33. Obligation to contribute — (1) The obligation of a partner to contribute money or other property or other benefit or to perform services for a limited liability partnership shall be as per the limited liability partnership agreement.

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