Question

Which of the following statements about a Limited

Q: Answer-Which of the following statements about a Limited Liability Partnership is correct?

Section 3. Limited liability partnership to be body corporate1 A limited liability partnership is a body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners. 2 A limited liability partnership shall have perpetual succession. 3 Any change in the partners of a limited liability partnership shall not affect the existence, rights or liabilities of the limited liability partnership.

Liability Partnership is correct?

A An LLP is a body corporate that is a separate legal entity from its partners

B An LLP does not have perpetual succession

C A change in the partners of an LLP affects its rights, liabilities, and existence

D An LLP is not considered a legal entity separate from its partners

E An LLP is formed under the Companies Act, not the LLP Act

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Which of the following statements about a Limited

Solution