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Jun 13, 2014 · The document discusses the key aspects of a Limited Liability Partnership (LLP) under Indian law. It states that an LLP is a separate legal entity from its partners, with perpetual succession like a corporation. It must have at least 2 partners who can be individuals or bodies corporate.
- Limited Liability partnership
The document discusses limited liability partnerships (LLPs)...
- LLP Presentation
This document provides an overview of Limited Liability...
- Limited Liability partnership
Feb 3, 2023 · The document discusses limited liability partnerships (LLPs) under Indian law. It provides details on: - The LLP Act of 2008 that governs LLPs and key committees that recommended establishing LLPs. - Benefits of LLPs such as enabling professional expertise to operate flexibly while providing limited liability.
Jul 22, 2013 · This document provides an overview of Limited Liability Partnerships (LLPs) under Indian law, including: 1. Key features of LLPs such as limited liability for partners, flexible organization structure governed by an LLP agreement, and LLPs having a separate legal identity.
Provisions of the Indian Partnership Act, 1932 shall not apply to a limited liability partnership. In the absence of provision in LLP Agreement, of First Schedule are applicable. First Schedule = Partnership Act. LLP Act has only 81 Sections and 4 Schedules and Rules [Not like Companies Act]
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Nov 16, 2014 · LIMITED LIABILITY PARTNERSHIP. Presented By:- Poonam Bansal Damanpreet Kaur Chandan Kumar Gupta Ranjeet Singh. Contents. Introduction Features Governance Incorporation Requirements Procedure Conversion from/to LLP Administration Accounts & Returns Relationship of Partners
Every partner of LLP is, for the purposes of the business of LLP, the agent of LLP, but not of other partners. LLP is responsible for any act of partner, including wrongful act or omission, done in the course of business of LLP OR with its authority.
Presentation on theme: "Limited Liability Partnership"— Presentation transcript: 1 Limited Liability Partnership Partnerships In this lesson, students will be able to identify characteristics of partnerships.
