Sunday, 5 May 2013

LLP-Procedure for modification of LLP Agreement

~The Limited Liability Partnership Agreement is the charter of LLP. It lays down the scope and extent of operations of the LLP and also defines the mutual rights, duties, obligations of partners of LLP;

Friday, 3 May 2013

LLP-Procedure for Cessation of Partner

~A person can cease to be the partner of a Limited Liability Partnership in accordance with an agreement with the other partners and in accordance with the provisions of (Section 25) of Limited Liability Partnership Act, 2008.

Thursday, 2 May 2013

LLP-Procedure for Admission of Partner

~ An individual can be admitted to become a partner to the LLP with the consent of existing other partners  of the LLP and in accordance with the provisions of (section 25) of Limited Liability Partnership Act, 2008.