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  2. 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
  3. Oct 2, 2022 · The Limited Liability Partnership Act, 2008 (hereinafter “the Act” provides the provisions relating to the regulation of limited liability partnerships in India. This article highlights the salient features and the amendments to the Act and provides a critical analysis of its effectiveness.

  4. 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.

  5. Difference between LLP & a Company. This site is owned by Ministry of Corporate Affairs. LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership.

  6. Nov 7, 2012 · A Limited Liability Partnership (LLP) is a partnership in which some or all partners (depending on the jurisdiction) have limited liability. It therefore exhibits elements of partnerships and corporations. In an LLP, one partner is not responsible or liable for another partner's misconduct or negligence. This is an important difference from ...

  7. 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.