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Aug 13, 2021 · Limited Liability Partnership Act, 2008. A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership.
Limited liability partnership to be body corporate.—(1) A limited liability partnership is a body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners.
The Limited Liability Partnership Act, 2008 Long Title: An Act to make provisions for the formation and regulation of limited liability partnerships and for matters connected therewith or incidental thereto.
“Small limited liability partnership” means a limited liability partnership— ( i ) the contribution of which, does not exceed Rs. 25 lakh or such higher amount, not exceeding Rs.
Nov 15, 2021 · LLPs in India are regulates by the Limited liability Partnership Act, 2008. The concept of the Limited Liability Partnership (LLP) come to India in the year 2008. An LLP has the characteristics of both the partnership firm and company.
Created Date: 1/15/2009 11:52:47 AM
The Limited Liability Partnership Act, 2008. A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership.
Jun 24, 2024 · The LLP Act, 2008 mandates stringent compliance measures regarding the Register of Partners and Significant Beneficial Ownership (SBO). Recent amendments underscore the importance of maintaining accurate records and declarations, ensuring transparency in partnership structures. BENEFICIAL OWNERSHIP IN LLP
The Limited Liability Partnership Act, 2008 was enacted by the Parliament of India to introduce and legally sanction the concept of LLP in India.
Feb 14, 2023 · Check out Taxmann's LLP Law Manual which is an authentic/integrated compendium of amended, updated & annotated text of the Limited Liability Partnership Act, 2008 (as amended by the Limited Liability Partnership (Amendment) Act, 2021), along with Rules, Circulars & Notifications, and Foreign Direct Investment in LLP. 1. Introduction.
