Indian Partnership Act - Study Mode

[#86] The Limited Liability Partnership Act, 2008 (6 of 2009) is an Act to make provisions for the
Correct Answer

(D) Formation and regulation of Limited Liability Partnership with limited liability formed under the Limited Liability Parternship Act, 2008

[#87] A partnership firm is a legal entity "like a company". The statement is:
Correct Answer

(B) False

[#88] Liability of the firm under section 27 of the Indian Partnership Act, 1932 arises where
Correct Answer

(A) The property is received by a partner acting within his apparent authority and he misapplies it

[#89] Alteration in partnership deed are to be brought to notice of Registrar of Firms within a period of . . . . . . . . days
Correct Answer

(B) 90

[#90] Section 50 of the Indian Partnership Act, 1932, is an extension of the principle laid down under
Correct Answer

(D) Section 16(a) of the Act