How many schedules are included in the Limited Liability Partnership Act, 2008?
Question and options
How many schedules are included in the Limited Liability Partnership Act, 2008?
Four
One
Two
Five
Answer and explanation
Correct answer: A - Four
The Limited Liability Partnership Act, 2008 has four Schedules. The First Schedule sets default rules on the mutual rights and duties of partners, and the Second, Third and Fourth Schedules govern conversion of a firm, a private company and an unlisted public company into an LLP.
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