Q246
Upon the coming into force of the Limited Liability Partnership Act, 2008:
A.
The Indian Partnership Act, 1932 stands repealed
B.
The provisions of the Indian Partnership Act, 1932 ipso facto apply to Limited Liability Partnership (LLPs) also
C.
Both the Acts co-exist but the provisions of the Indian Partnership Act, 1932 are not applicable to LLPs save as otherwise provided
AnswerD.
The Limited Liability Partnership Act, 2008 is applicable to only metropolitan cities as defined therein and the Indian Partnership Act, 1932 continues to apply to the rest of the country
Answer: Option C
Solution
Answer: Option C
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