Upon the coming into force of the Limited Liability partnership Act, 2008:

Option A: The Indian partnership Act, 1932 stands repealed.

Option B: The provision of the Indian partnership Act, 1932 ipso facto apply to Limited Liability partnerships (LLPs) also

Option C: Both the Acts co-exist but the provisions of the Indian partnership Act, 1932 are not applicable to LLPs save as otherwise provided

Option D: The Limited Liability Partnership Act, 2008 is applicable to only metropolitan cities as defined therein and the Indian part- nership Act, 1932 continues to apply to the rest of the country

Correct Answer

Option: c

Explanation

Both the Act co-exists together.

Sample Mock Tests for Practice

THE LAW OF TORTS (PAPER 03 Q. NO. 91 TO 135)

CHHATTISGARH LOWER JUDICIAL SERVICES 2019

THE INDIAN CONTRACT ACT, 1872 (PAPER – 03 Q. NO. 71 TO 105)

THE ARBITRATION AND CONCILIATION ACT, 1996 (PAPER 04 Q. NO. 91 TO 116)

RAJASTHAN LOWER JUDICIAL SERVICES 2021

AILET – National Law University Delhi Entrance Test (NLU 2013)

THE SPECIFIC RELIEF ACT, 1963 (PAPER – 05 Q. NO. 141 TO 175)

CLAT 2021

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 10 Q. NO. 361 TO 400)

UTTARAKHAND LOWER JUDICIAL SERVICES 2002

THE MADHYA PRASESH LAND REVENUE CODE, 1959 (PAPER 01 Q. NO. 1 TO 30)

THE TRANSFER OF PROPERTY ACT, 1882 (PAPER 07 Q.NO. 241 TO 280)

HIMACHAL PARDESH LOWER JUDICIAL SERVICES 2013

THE TRANSFER OF PROPERTY ACT, 1882 (PAPER 06 Q.NO. 201 TO 240)

CLAT 2012

THE HINDU SUCCESSION ACT, 1956 (PAPER 02 Q. NO. 36 TO 65)

The Hindu Marriage Act, 1955 (Paper 02: Q. 26 TO 50)

THE TRANSFER OF PROPERTY ACT, 1882 (PAPER 05 Q.NO. 161 TO 200)

THE TRADE MARKS ACT, 1999 (PAPER 01 Q. NO. 1 TO 8)

MADHYA PARDESH LOWER JUDICIAL SERVICES 2021

BIHAR LOWER JUDICIAL SERVICES EXAM 2020

THE TRANSFER OF PROPERTY ACT, 1882 (PAPER 08 Q.NO. 281 TO 320)

THE MUSLIM PERSONAL LAWS (PAPER 01 Q. NO. 1 TO 29)

THE TRANSFER OF PROPERTY ACT, 1882 (PAPER 04 Q.NO. 121 TO 160)

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 04 Q. NO. 121 TO 160)

HIMACHAL PARDESH LOWER JUDICIAL SERVICES 2014

THE CODE OF CIVIL PROCEDURE, 1908 (PAPER – 18 Q. NO. 681 TO 720)

THE INDIAN EVIDENCE ACT, 1872 (PAPER – 07 Q. NO. 241 TO 280)

THE HINDU SUCCESSION ACT, 1956 (PAPER 01 Q. NO. 1 TO 35)

THE CONSTITUTION OF INDIA, 1949 (PAPER – 03 Q. NO. 71 TO 105)

CLAT 2018

THE ADVOCATES ACT, 1961 (PAPER 01 Q. NO. 1 TO 10)

THE WILD LIFE PROTECTION ACT, 1972 (PAPER 01 Q. NO. 1 TO 25)

MADHYA PRADESH LOWER JUDICIAL SERVICES 2018(2)

HIMACHAL PARDESH LOWER JUDICIAL SERVICES 2009

RAJASTHAN LOWER JUDICIAL SERVICES 2019