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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.
According to a 2008 study, the IIFC suffered from a lack of formal or informal power, and so was involved in less than half of the 3P projects developed in the country. [ 7 ] In 2010, the Infrastructure Investment Facilitation Company was hired by Bangladesh Bridge Authority to provide an estimated cost of Dhaka Elevated Expressway . [ 8 ]
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Download as PDF; Printable version; In other projects Wikimedia Commons; ... The Limited Liability Partnership Act, 2008; Limited Liability Partnerships Act 2000;
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.
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
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.
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 ...