Register Llp In India

Limited, to the extent their contribution towards LLP, except in case of intentional fraud or wrongful act of omission or commission by the partner.While these management rights aren't afforded to Restricted Partners in an LP, an LLP allows partners to enjoy the liability protection and tax positive aspects of a Limited Partnership. Supplied also that exactly where the partners of such LLP do not choose for audit of the accounts of the LLP, such LLP shall consist of in the Statement of Account and Solvency a statement by the partners to the effect that the partners

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