Search results
May 24, 2018 · LLP FORM XII – DECLARATION OF COMPLIANCE WITH SECTION 8 OF THE LIMITED LIABILITY PARTNERSHIP ACT, 2017. Download. 02/11/2020. LLP FORM XI – DECLARATION BY PARTNER ABOUT CHANGE OF ULTIMATE BENEFICIAL OWNERS OR PARTICULARS THEREOF. Download. 02/11/2020. LLP FORM X – DECLARATION BY PARTNER ABOUT ULTIMATE BENEFICIAL OWNERS.
- ACT No. XV OF 2017
- REGISTRATION
- 28. Compromise, arrangement or reconstruction of limited liability partnerships.—(1)
- 30. Circumstances in which limited liability partnership may be wound up by Court.__
- 42. Appointment of Registrar of limited liability partnerships, etc.—(1) The Commission may,—
- DEFAULT PROVISIONS FOR LIMITED LIABILITY PARTNERSHIPS
- [See section 25]
- Conversion of firms to limited liability partnership
- Eligibility for conversion
- Effect of registration
- Existing agreements
An Act to make provisions for the incorporation, regulation and winding up of limited liability partnerships as body corporate and for matters connected therewith or incidental thereto WHEREAS it is expedient to make provisions for the formation and regulation of limited liability partnerships and for matters connected therewith or incidental ther...
5. Incorporation document.—(1) For a limited liability partnership to be registered,— two or more persons associated for carrying on a lawful business with a view to profit shall have subscribed their names to an incorporation document containing such particulars as provided in sub section (2); it shall have a registered office to which all communi...
The Federal Government shall make rules in relation to compromise, arrangement or reconstruction of limited liability partnership or through notification in the official Gazette direct that any provisions of the Ordinance specified in such notification shall apply to any scheme of compromise, arrangement or reconstruction of limited liability partn...
A limited liability partnership may be wound up by the Court,— if the limited liability partnership decides that limited liability partnership be wound up by the Court; if the number of partners of the limited liability partnership is reduced below two; if the limited liability partnership is unable to pay its debts; if the limited liability partne...
designate an officer of the Commission to be the Registrar of limited liability partnerships; and from amongst the officers of the Commission, appoint such number of Additional Registrars, Joint Registrars, Deputy Registrars and Assistant Registrars of limited liability partnerships as the Commission considers necessary, for the proper administrati...
The mutual rights and duties of the partners and the mutual rights and duties of the Limited Liability Partnership and its partners shall be determined, subject to the terms of any Limited Liability Partnership Agreement or in the absence of any such agreement, by the provisions in this Schedule. All the partners of a Limited Liability Partnership ...
CONVERSION FROM FIRM TO LIMITED LIABILITY PARTNERSHIP
(1) A firm may convert to a Limited Liability Partnership by complying with the requirements as to the conversion set out in this Schedule. Upon such conversion, the partners of the firm shall be bound by the provisions of this Schedule that are applicable to them. Explanation.—In this paragraph, “convert”, in relation to a firm converting to a Lim...
2. A firm may apply to convert to a Limited Liability Partnership in accordance with this Schedule if and only if the partners of the Limited Liability Partnership to which the firm is to be converted comprise all the partners of the firm and no one else.
6. On and from the date of registration specified in the notice of registration issued under paragraph 4,___ there shall be a Limited Liability Partnership by the name specified in the certificate of registration registered under this Act; all movable and immovable property vested in the company, all assets, interests, rights, privileges, liabiliti...
10. Every agreement to which the company was a party immediately before the date of registration, whether or not of such nature that the rights and liabilities there under could be assigned, shall have effect as from that day as if,___ the Limited Liability Partnership were a party to such an agreement instead of the company; and for any reference ...
People also ask
Can a foreign limited liability partnership carry on business in Pakistan?
How to form an LLP in Pakistan?
What is LLP in a limited liability partnership?
Can a private limited company be converted to a limited liability partnership?
Provided that the registrar shall, before issuing a direction for change of the name, afford the LLP an opportunity to make representation against the proposed direction. 6. Change of name by LLP.— (1) An LLP desirous of changing or rectifying its name shall pass a resolution by majority of not less than three-fourth of partners as are
- 927KB
- 29
THE LIMITED LIABILITY PARTNERSHIP ACT, 2017 CONTENTS SE C T I O N S: PART I PRELIMINARY 1. Shor t t it le , e xt e nt a nd c om m e nc e m e nt . 2. D e f init ions. PART II NATURE OF LIMITED LIABILITY PARTNERSHIP 3. Se pa r a t e le ga l pe r sona lit y. 4. C a pa c it y a nd e xe c ut ion of doc um e nt s. PART III
Limited Liability Partnership (LLP) is a new business structure in Pakistan introduced by the Securities & Exchange Commission of Pakistan. The reason for introducing this business structure was to bridge the gap between small organisational units such as sole proprietorships and partnerships, which are most of the times unregistered and ...
lawful business with a view to profit may form an LLP by subscribing their names to incorporation documents. LLP means any written agreement between partners of limited liability partnership, which determines mutual rights and duties of the partners and their rights and duties in relation to the limited liability partnership. 4.
A single member company (SMC), private company or an unlisted public company shall be allowed to convert into Limited Liability Partnership and vice versa. g. Winding up and Strike off: The winding up of a LLP may be either voluntary or by the Court. The Registrar of LLP shall have the power to strike off the name of the LLP from the register ...
