Answer-The provisions of partnership act are_____.

LLP Act S. 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.

Question

The provisions of partnership act

are_____.

A Applicable to an LLP.

B Not applicable to an LLP.

C May apply to an LLP.

D May apply to an LLP if entered into an agreement.

E It is the discretion of designated partners.

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The provisions of partnership act

Solution