MCA1 min read
Limited Liability Partnership
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.
Last updated: 17 May 2026
Frequently Asked Questions (FAQs)🔗
Q1. 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.
Q2. 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.
Q3. 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 Updates🔗
Read our latest analysis and critical updates on corporate circulars related to MCA:
MCA Extends Companies Compliance Facilitation Scheme 2026 (CCFS-2026) to 31st August 2026
Published: 8 July 2026
Form DIR-12 Complete Guide: Director & KMP Appointment, Cessation & Designation Filing Under Companies Act 2013
Published: 29 June 2026
MCA Data Centre Fire & Complete Relief Package — DPT-3, Name Reservation & CCFS-2026 (June 2026
Published: 28 June 2026