The Limited Liability Partnership Act, 2008 (LLP Act) was notified on April 1, 2009. With the passing of this Act, a new hybrid entity, incorporating the features of both a body corporate, as well as a traditional partnership, can be formed for the purposes of undertaking business in India.
Read this article to find out more about the regulations pertaining to operating a Limited Liability Partnership in India.
For more information, please contact Dezan Shira & Associates about foreign direct investment in India.
