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  1. May 21, 2024 · Limited Liability Partnership - "Limited liability partnership means a partnership formed and registered under this Act”. The act makes it clear LLP is to be denoted ‘only’ to that partnership business which is formed under the rules stated in this Act, and registered in this Act itself. The definition is exhaustive, as it uses the word ...

  2. 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.

  3. Nov 7, 2012 · A Limited Liability Partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liability. It therefore exhibits elements of partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner’s misconduct or negligence. This is an important difference from ...

  4. Feb 21, 2024 · LLP pros. Like an LLC, the LLP structure protects its members from personal liability. Protection from other members’ negligence. If one member is sued, the other LLP members aren’t liable ...

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  6. Nov 29, 2022 · The BOT model is suitable for large public projects in power, transport, roads, and bridges. Other BOT projects include tunnels, airports, ports, canals, water treatment plants, communication infrastructure, government buildings, and railways. Sometimes sewerage systems and housing units are also included in the scope of the BOT model.

  7. Business model. Business model innovation is an iterative and potentially circular process. [1] A business model describes how an organization creates, delivers, and captures value, [2] in economic, social, cultural or other contexts. For a business, it describes the specific way in which it conducts itself, spends, and earns money in a way ...