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The Limited Liability Partnership Act, 2008 was enacted by the Parliament of India to introduce and legally sanction the concept of LLP in India. Unlike the general partnerships in India, LLP is a body corporate and legal entity separate from its partners, have Perpetual succession and any change in the partners of an LLP shall not affect the existence, rights or liabilities of the LLP.
This is a category of articles concerning acts of Parliament (laws enacted by the Parliament of India in 2008). For more general discussion of Indian legal topics, see Category:Law of India and its other subcategories.
Limited liability partnerships emerged in the early 1990s: while only two states allowed LLPs in 1992, over forty had adopted LLP statutes by the time LLPs were added to the Uniform Partnership Act in 1996. [23] The limited liability partnership was formed in the aftermath of the collapse of real estate and energy prices in Texas in the 1980s.
Print/export Download as PDF; Printable version; In other projects Wikimedia Commons; Wikidata item; ... The Limited Liability Partnership Act, 2008;
In the United Kingdom, limited partnerships are governed by the Limited Partnerships Act 1907 and, on matters on which that Act is silent, also by the Partnership Act 1890. The UK Department for Business, Enterprise and Regulatory Reform (now the Department for Business and Trade ) consulted in 2008 on proposals to modify and merge the two Acts ...
The limited liability limited partnership (LLLP) is a relatively new modification of the limited partnership. The LLLP form of business entity is recognized under United States commercial law . An LLLP is a limited partnership , and it consists of one or more general partners who are liable for the obligations of the entity, as well as or more ...
LLP stands for limited liability partnership, a partnership in which some or all partners have limited liabilities. LLP may also refer to: Limited liability partnerships in the United Kingdom; The Limited Liability Partnership Act, 2008 (LLP Act) of India; LLP Group, a Czech holding company
On 1 October 2008, [14] section 1,286 of the Companies Act 2006 extended the Limited Liability Partnerships Act 2000 to Northern Ireland, and repealed the Limited Liability Partnerships Act (Northern Ireland) 2002, [15] an act of the Northern Ireland Assembly which prior to that date was the principal statute concerning LLPs in Northern Ireland.