• 06 September, 2025
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Limited Liability Partnership Act 2008 6 articles

EXTENT OF LIABILITY IN LIMITED LIABILITY PARTNERSHIP

The whole concept behind enacting the Limited Liability Partnership Act was that the limited liability partnership shall not be held liable for the independent or unauthorized act done by any other pa...

  • 15 Dec, 2023

  • Limited Liability Partnership Act 2008

Effect of Registration of Limited Liability Partnership under LLP Act 2008

Sec. 14 of the LLP Act lays down that: On registration, a limited liability partnership shall, by its name, be capable of: suing and being sued; acquiring, owning, holding and developing or di...

  • 15 Dec, 2023

  • Limited Liability Partnership Act 2008

LLP Agreement under LLP Act 2008

For the purpose of forming a LLP, there should be agreement between the partners interested in forming the LLP to be known as LLP Agreement. The said Agreement forms the basis of the formation of L...

  • 15 Dec, 2023

  • Limited Liability Partnership Act 2008

Cessation of Partnership Interest in LLP

According to Sec. 24 of the LLP Act, a person may cease to be a partner of a LLP in accordance with an agreement with the other partners, or, in the absence of agreement with the other partners as to ...

  • 15 Dec, 2023

  • Limited Liability Partnership Act 2008

Difference between Limited Liability Partnership and Partnership Firm

Sr. No. Basis of difference Partnership LLP 1.     Prevailing Law Part...

  • 15 Dec, 2023

  • Limited Liability Partnership Act 2008

Difference between Limited liability Partnership and Company

Sr. No. Basis of difference Company LLP 1.   Prevailing Law and Creation Companie...

  • 15 Dec, 2023

  • Limited Liability Partnership Act 2008

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