Llp in India

Limited Liability Partnerships in India

Raghav Sharma

Table of Contents

Introduction ..................................................................................................................................... 2 LLP Structure in Foreign Jurisdictions ........................................................................................... 3 Historical Background ................................................................................................................ 3 The LLP Act, 2000 ..................................................................................................................... 4 Legal Position in U.S.A. ............................................................................................................. 6 Proposed LLP Structure in India..................................................................................................... 6 Reasons for Introduction ............................................................................................................. 7 Scope ........................................................................................................................................... 9 The “Concept Paper” ................................................................................................................ 10 Features „akin‟ to Companies ............................................................................................... 11 Modified Features of Partnership.......................................................................................... 20 Conclusion .................................................................................................................................... 24 Bibliography ................................................................................................................................. 28

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Raghav Sharma is a B.Sc. LL.B. (Corporate Law Hons.) student in National Law University, Jodhpur (India). He may be...