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4 days ago · The Case. Title. View / Download. Subject list and role of sixth edition (HIndi) Accessible Version : View (739 KB) Cover (Hindi) Accessible Version : View (187 KB) Legal Glossary Page.
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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Jan 11, 2024 · A Limited Liability Partnership (LLP) is a business entity that combines the advantages of both partnerships and companies. It provides its members with limited liability protection, like that of a company, while maintaining a partnership’s flexibility and tax benefits. In an LLP, the partners have limited liability for the firm’s debts and ...
- What is the major advantage of LLP?The major advantage of an LLP firm is that all the partners’ personal assets are not subjected to inception or action as they are all limited to th...
- What is the purpose of LLP?LLP allows you to have the benefits of a limited company and is also flexible of a partnership at the same time. LLP can continue to exist even if...
- How many partners are needed in an LLP firm?An LLP must have at least 2 partners, to begin with; It can scale up to more than 50+ partners. However, you can run your LLP business for a maximu...
- Is GST required for LLP?No GST is not mandatory to file an LLP. Eventually, you will be required to submit your GST details during taxation based on your turnover and serv...
- What is the tax percent in LLP?LLP firms are subjected to a 30% tax, similar to a partnership firm. The partners are expected to file their tax returns on 30%.
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May 7, 2020 · Limited Liability Partnership. A Limited Liability Partnership is a corporate body which combines the flexibility of a partnership with the limited liability of a company. The overarching tenets of free trade infused with a desire for less bureaucratic burden has led to the growing popularity of Limited Liability Partnerships as forms of ...
Words tagged under "Legal". List of Urdu words and terms related with "Legal" consisting of definitions, descriptions, elucidations and topical and subject-specific categorizations. aa.iin-e-daad-rasii. (Trail) principals of trial, trial procedure. aa.iinii. constitutional, in agreement with the laws and customs of the country. 'aa.ilii-qavaaniin.
