Concept Of Limited Liability Partnership In India

When the name approval application is accepted by the MCA, an LLP name approval letter will be issued to the proposed Partners.LLP shall be a body corporate and a legal entity separate from its partners. For registering an LLP, a minimum of two partners and two designated partners are essential. The private limited firms of foreign organization corporations are also registered under this Indian Act, with some additional formalities with the Reserve Bank of India (RBI). An LLP combines the positive aspects of both—‘LLP' and ‘Partnership'—in a single company entity. Duly signed DSC Form of all

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