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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.
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 ...
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.
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between 2008 and 2012, better performance than 6% of all directors The Charles M. Lillis Stock Index From January 2008 to July 2011, if you bought shares in companies when Charles M. Lillis joined the board, and sold them when he left, you would have a -75.6 percent return on your investment, compared to a -9.3 percent return from the S&P 500.
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between 2008 and 2012, better performance than 76% of all directors The Cathleen P. Black Stock Index From January 2008 to December 2010, if you bought shares in companies when Cathleen P. Black joined the board, and sold them when she left, you would have a 7.0 percent return on your investment, compared to a -14.3 percent return from the S&P 500.