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Aug 10, 2023 · Limited Liability Partnership (LLP) – All You Need To Know. Overview A limited liability partnership is a corporate body that is distinct from its participants’ legal identities and is established…
4 days ago · The Constitution (One Hundred and Fifth Amendment) Act, 2021. Accessible Version : View (266 KB) THE CONSTITUTION (APPLICATION TO JAMMU AND KASHMIR) ORDER,2019. Accessible Version : View (496 KB) THE CONSTITUTION (ONE HUNDRED AND FOURTH AMENDMENT) ACT,2019. Accessible Version : View (288 KB) The Constitution of India Page- 484 To 515.
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The Limited Liability Partnership Act, 2008 was enacted by the Parliament of India to introduce and legally sanction the concept of LLP in India. Unlike the general partnerships in India, LLP is a body corporate and legal entity separate from its partners, have Perpetual succession and any change in the partners of an LLP shall not affect the existence, rights or liabilities of the LLP.
- 7 January 2009
- 12 December 2008
- 31 March 2009
- Parliament of India
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Dec 15, 2016 · Limited Liability Partnership ('LLP') is a form of enterprise that merges certain advantages of a partnership with those of a company. Viewed as an 'alternate or hybrid corporate vehicle', an LLP achieves the best of both corporate forms by granting to the members of the LLP, the flexibility of organizing their internal managerial structure as a partnership based on mutual-understanding, while ...
Section 1. Short title, extent and commencement. Section 2. Definitions. Section 3. Limited liability partnership to be body corporate. Section 4. Non-applicability of the Indian Partnership Act, 1932. Section 5.
