Which Section of LLP Act, 2008 provides the unlimited liability of limited liability partnership and on…
Section 30 of the Limited Liability Partnership Act, 2008 provides for unlimited liability in the case of fraud. It applies to acts carried out with intent to defraud…
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Which Section of LLP Act, 2008 provides the unlimited liability of limited liability partnership and on what ground ?
Answer and explanation
Correct answer D
Section 30 of the Limited Liability Partnership Act, 2008 provides for unlimited liability in the case of fraud. It applies to acts carried out with intent to defraud creditors or another person, or for a fraudulent purpose, subject to the statutory conditions.
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