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and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the following rules, namely :- CHAPTER I PRELIMINARY 1. Short title and commencement. (1) These rules may be called the Limited Liability Partnership Rules, 2009.
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.
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Jun 14, 2024 · The amended rules, i.e. the Limited Liability Partnership (Amendment) Rules, 2022, will be effective from 1 April 2022. The LLP (Amendment) Rules also added two new forms, i.e. Form 16A and Form 33 LLP – ADJ, and revised fee norms for LLPs.
(1) Every LLP shall use the forms annexed to these rules for the purposes of the Act. (2) Every LLP shall specify therein its limited liability partnership identification number (LLPIN).
THE LIMITED LIABILITY PARTNERSHIP ACT, 2008 . ARRANGEMENT OF SECTIONS . ________________ CHAPTER I PRELIMINARY. SECTIONS 1. Short title, extent and commencement. 2. Definitions. CHAPTER II NATURE OF LIMITED LIABILITY PARTNERSHIP . 3. Limited liability partnership to be body corporate. 4. Non-applicability of the Indian Partnership Act, 1932. 5.
May 31, 2021 · Governing Act & Rules: 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.
