alleryStart learning →How does the Indian Partnership Act, 1932 apply to an LLP?
AIt does not apply, save as provided
BIt applies in full to every LLP
CIt applies only to professional LLPs
DIt applies when no agreement exists
Answer & Solution
Correct answer: A. It does not apply, save as provided
The Act excludes the Indian Partnership Act, 1932 from LLPs except where the LLP Act itself provides otherwise.
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