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    Question

    Under Section 60, when may an LLP be

    dissolved? 
    A By unanimous consent of partners Correct Answer Incorrect Answer
    B By admission of new partners Correct Answer Incorrect Answer
    C By completion of the term or by an order of the Tribunal Correct Answer Incorrect Answer
    D When profits decline for two consecutive years Correct Answer Incorrect Answer
    E By government notification Correct Answer Incorrect Answer

    Solution

    Section 60 provides for LLP dissolution on completion of the term or via Tribunal’s order under specified circumstances [Section 60].

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