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

Solution

LLP Act Section 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.

Practice Next
×
×