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P1 C1 INTRODUCTION OF PARTNERSHIP — Elements of Account STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceElements of AccountP1 C1 INTRODUCTION OF PARTNERSHIP1 Mark
Question
What is the new provision for giving more space/advantages to small and medium scale industries and to remove unlimited liability for partners?
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Answer

The limited liability Partnership Act $2008,$ is newly introduced scheme for giving more space/advantages to small and medium scale industries and remove unlimited liability for partner clause.

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