alleryStart learning →Without an agreement, how are ordinary LLP matters decided?
AMajority of partners, one vote each
BCasting vote of oldest partner
CDecision of designated partners
DMajority of capital contributed
Answer & Solution
Correct answer: A. Majority of partners, one vote each
Matters are decided by a majority in number of partners, each partner having one vote.
Keep practising II LLP Act 2008 including important Rules
Browse all II LLP Act 2008 including important Rules questions for CA Inter, or explore more Law topics.
Related questions
A retiring partner is entitled to what capital, unless agreed?A pre-incorporation agreement binds the LLP only if what?From which assets are an LLP's liabilities met?Which of these is part of the definition of 'business' under the LLP Act?Before becoming a designated partner, an individual must give what to the LLP?When all partners are bodies corporate, who act as designated partners?What is the position of an LLP regarding a common seal?When does a change in an LLP's registered office take effect?