New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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.— A firm may convert into a limited liability partnership in accordance with the provisions of this Chapter and the Second Schedule

    Practice Next