Question:
In respect of a Limited Liability Partnership firm, which one of the following is not a requisite feature ?
In respect of a Limited Liability Partnership firm, which one of the following is not a requisite feature ?
Updated On: Aug 4, 2024
- internal governance may be decided by mutual agreement among partners
- it is a corporate body with perpetual succession
- partners should be less than 20
- partnership and management need not be separate
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The Correct Option is C
Solution and Explanation
The correct option is (C): partners should be less than 20.
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