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What is Limited Liability Partnership Act 2008 Overview about?

The Limited Liability Partnership Act, 2008 establishes a new business structure known as a Limited Liability Partnership (LLP), which is a separate legal entity from its partners and offers limited liability protection. It outlines the requirements for incorporation, the roles and responsibilities of partners and designated partners, and the penalties for non-compliance with its provisions. The Act also specifies the financial year, registration process, and conditions for the name and operation of LLPs.

Author

pkumarjaiynt

Language

EN