The present study aims primarily to understand the concept of the LLP and the way in which company and partnership has been fused to produce this new entity and the impact of LLP on Business Environment. The study also focuses on the origin and features of LLP Act.KVSPrasad...
DPIN for all partners DSC for 2 designated partner Business Query Form In India this LLP Act has been recently enacted by the Parliament of India. The silent features of the LLP Act of 2008 are-: The proposed bill state that LLP will be an alternate corporate vehicle for business giving t...
A Limited Liability Partnership is registered under the provisions of the LLP Act, 2008 with the Ministry of corporate Affairs through the procedure prescribed under the Act and Rules and Regulations made there under. Step1: Name Approval: -Name of the proposed LLP will be applied in E-Form ...
Documentation of and filing of LLP agreement and Consent of Designated Partners:With in 30 days from the date of Incorporation of LLP, partners of LLP have to execute the LLP agreement and same has to be filed with Registrar of LLP in Form 3 and the consent to act as Designated Partner/...
Limited Liability Partnership has been introduced in India by way of Limited Liability Partnership Act, 2008. It exhibits elements of both partnership and corporation. In LLP, one partner is not responsible or liable for another partner's misconduct or negligence unlike a traditional partnership in ...
LLP Registration in India (LLP) Registering an LLP is the process of incorporating a Limited Liability Partnership, a business entity governed under the Limited Liability Partnership Act of 2008. An LLP requires a minimum of two partners for its incorporation in India. Therefore, if you intend to...
facilitate the business. A partner is liable only for his act and only to the extent of his contribution of its capital. LLP needs at least two designated partners while incorporation. However, there is no limitation as to the maximum number of partners in an LLP. LLP has perpetual ...
In India, a partnership firm is registered under the Indian Partnership Act 1932 for doing all business after incorporation. In order to avoid the drawbacks of a regular partnership firm, limited liability partnership firm came into existence by many leading business entrepreneurs. All limited ...
In an LLP a minimum of two partners should act as designated partners, who must be individuals and one of them has to be the resident of India. Drafting the LLP Agreement While drafting the LLP agreement, one should cover all the details as to the roles, responsibilities, rights, duties ...
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