Statutory Meaning & Definition
A body corporate registered under the Limited Liability Partnership Act 2008 combining features of a company and partnership. Partners have limited liability. No minimum capital requirement. Governed by LLP Agreement.
Frequently Asked Questions (FAQs)
What is Limited Liability Partnership in Indian corporate law?
A body corporate registered under the Limited Liability Partnership Act 2008 combining features of a company and partnership. Partners have limited liability. No minimum capital requirement. Governed by LLP Agreement.
Why is Limited Liability Partnership important for compliance?
Limited Liability Partnership is governed by the Ministry of Corporate Affairs under the Companies Act, 2013. Understanding this concept is essential for ensuring regulatory compliance, avoiding penalties, and making informed corporate decisions in India.
Who should know about Limited Liability Partnership?
Limited Liability Partnership is relevant for company secretaries, compliance officers, chartered accountants, corporate lawyers, board members, and all professionals dealing with MCA regulatory matters in India.
Contextual Analysis & Regulatory Circulars
Recent analysis and regulatory updates related to MCA:
MCA Overseas Listing Amendment Rules 2026 (G.S.R. 968(E)): Equity Instruments, IFSC Companies and the 75% QIB Route
Published: 5 November 2026
INC-20A Declaration for Commencement of Business: 180-Day Due Date, Fees, Penalty & MCA V3 Filing Guide
Published: 4 November 2026
MSME Form I Half-Yearly Return: Due Dates, Applicability, Section 405(4) Penalty & MCA V3 Filing Steps
Published: 2 November 2026
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