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  1. The popular limited liability company (LLC) that can be registered across the world can be registered as a limited liability partnership (LLP) or as a private limited company in India. Through a LLP in India, the investors will benefit from limited liability, in the sense that they will be held accountable for the company’s debts only in the extent to which they have contributed to the company’s capital.

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  2. Apr 09, 2018 · India LLC / Limited Liability Company An Indian LLC / Limited Liability Company is a popular platform for foreigners wishing to become 100% owners in a South Asian company. The Companies Act of 2013 regulates LLC’s along with how they are formed, allowable business activities, and dissolved.

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  4. Feb 08, 2019 · Introduction of LLP. Limited liability partnership was introduced in India in the year 2009; in an LLP the partners have limited liability which is different from other partnership firms that are responsible for the acts of the other directors as well as all the cases and debts that are filed against the firm.

  5. Nov 07, 2012 · Limited Liability Partnership in India. Preface . In India, The Limited Liability Partnership Act, 2008 was published in the official Gazette of India on January 9, 2009 and has been notified with effect from 31 March 2009. The first LLP was incorporated in the first week of April 2009.

  6. Jan 29, 2019 · The following are the liabilities of directors of a private limited company: Personal liability: 1. Tax liability. As per the Income Tax Act, if any income tax of any previous year is due whose recovery is yet not made by the private company; then every director of the company will be liable for this default jointly and severally. 2.

  7. Sep 19, 2019 · India has always attracted the entry of foreign companies due to the fast growth of the market. Howe v er, several companies keep aside their plans of business setup in India primarily due to the ...

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