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Question

The maximum no of Persons in a LLP is_______.

A
50
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B
100
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C
20
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D
No limit
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Solution

The correct option is D No limit
Under LLP act, 2008 the Number of Minimum partner are at least Two, whereas there is no limit on maximum number of partner in LLP act, 2008. Under Partnership Act, 1932 there is no such limit on minimum number and maximum number of partners in partnership firm is mentioned.

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