Company Law

What is Limited Liability Partnership

What is Limited Liability Partnership?

INTRODUCTION The Limited Liability Partnership (LLP) is governed by the Limited Liability Partnership (LLP) Act, 2008 and Limited Liability Partnership Rules, 2009. The LLP Rules, 2009 contains administrative provisions for formation, management, Reconstruction and winding up of LLPs. The Indian Partnership Act, 1932 is not applicable to LLPs. SILENT FEATURES OF LLP LLP shall be …

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