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      Question

      Which section of the Limited Liability Partnership Act

      governs the conversion of a partnership firm into a Limited Liability Partnership?
      A Section 53 Correct Answer Incorrect Answer
      B Section 54 Correct Answer Incorrect Answer
      C Section 55 Correct Answer Incorrect Answer
      D Section 56 Correct Answer Incorrect Answer
      E Section 57 Correct Answer Incorrect Answer

      Solution

      Section 55. Conversion from firm into limited liability partnership.β€” 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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