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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.
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.
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.
Feb 22, 2021 · The Parliament of India enacted the Limited Liability Partnership (LLP) Act, 2008 to introduce a special corporate business vehicle to be known as LLP that allows its members to have the flexibility of organising their internal structure as a partnership and also provides the benefits of limited liability as availed by Companies.
The Limited Liability Partnership Act, 2008 was enacted by the Parliament of India to introduce and legally sanction the concept of LLP in India.
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.
Oct 2, 2022 · The Limited Liability Partnership Act, 2008 (hereinafter “the Act” provides the provisions relating to the regulation of limited liability partnerships in India. This article highlights the salient features and the amendments to the Act and provides a critical analysis of its effectiveness.
May 31, 2021 · An LLP is governed by the provisions of the Limited Liability Partnership Act, 2008 (“LLP Act”) along with the Limited Liability Partnership Rules, 2009. Minimum & Maximum Number of Partners: Like a traditional partnership firm, minimum two partners are required to incorporate an LLP.
