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Oct 4, 2021 · The Limited Liability Partnership Act, 2008 was enacted by the Parliament on 12th December 2008, which received the assent of the President on 7th January, 2009 and was notified with effect from 31st March, 2009. Most of the sections of Limited Liability Act, 2008 came into force from 31st March 2009. It extends to the whole of India.
Summary: Limited Liability Partnerships (LLPs) are a corporate business structure that enables entrepreneurs, professionals, and enterprises to provide services via commercially efficient vehicles suited to their requirements. LLPs are body corporates, which means that once incorporated, they become legal entities separate from their partners.
Deloitte Touche Tohmatsu Limited ( / dəˈlɔɪt ˈtuːʃ toʊˈmɑːtsuː / ), commonly referred to as Deloitte, is a British multinational professional services network. Deloitte is the largest professional services network by revenue and number of employees in the world and is considered one of the Big Four accounting firms, along with EY ...
Jul 5, 2021 · Advantages of LLP. Easy to form: Forming an LLP is an easy process. It is less complicated and time-consuming unlike the process of formation of a company. Liability: The partners of the LLP is having limited liability which means partners are not liable to pay the debts of the company from their personal assets.
Dec 13, 2023 · Limited Liability Partnership (LLP) – All You Need to Know. In this article, we look at some of the advantages and features of a LLP registration, which is a new type of business structure in India, introduced to provide limited liability to the owners while at the same time being simple to start and manage.
The Government of India comprises three branches: Executive: The President of India is the ceremonial head of state, who is elected indirectly for a five-year term by an electoral college comprising members of national and state legislatures. The Prime Minister of India is the head of government and exercises most executive power.
Dec 25, 2023 · Registration Number. The last six number of the CIN number is the registration number of the company issued by the Registrar of Companies. Note: LLPs do not use CIN. LLPs are provided with LLPIN. Also, a company’s CIN will not be the same as its GSTIN. GSTIN or Goods and Services Identification Number is provided to those having GST registration.
