List Of Limited Liability Partnership Firms In India

The benefit of opting for a Restricted Liability Partnership over the traditional Partnership Firm is that an LLP offers each companion restricted liability.Partnership is governed by ‘The Indian Partnership Act, 1932' and different Rules made there beneath. It is an option corporate business enterprise kind that gives the added benefits of limited liability of a corporation and the flexibility of a partnership. For the purposes of the proviso to sub-section (1) of section 58, exactly where the firm, private business or unlisted public organization has been converted into limited

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