alleryUnder Section 4, the provisions of the Indian Partnership Act, 1932:
ASave as otherwise provided, do NOT apply to an LLP
BApply only to designated partners
CApply only to a small LLP
DApply fully to an LLP
Answer & Solution
Correct answer: A. Save as otherwise provided, do NOT apply to an LLP
Section 4 provides that, save as otherwise provided, the Indian Partnership Act, 1932 does not apply to an LLP, which is governed by its own Act.
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