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ARTICLE · 15 NOVEMBER 2018

Amendments To Limited Liability Partnership Rules

S.S. Rana & Co.
S.S. Rana & Co.
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India being a favoured business destination houses a number of opportunities for the growth and development of the industrial sector.

IndiaCorporate/Commercial Law
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India being a favoured business destination houses a number of opportunities for the growth and development of the industrial sector. In order to facilitate the carrying out of business activities of varied nature, the Indian legal system allows a number of business structures such as proprietorship, partnership, companies and limited liability partnership (hereinafter referred to as "LLP").

Limited Liability Partnership

A LLP is a business arrangement whereby the liability held by each of the partners is limited by law. The LLP business vehicle is a legal entity having its existence independent from its partners where their rights and duties are determined in terms of the agreement between them.

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