The Ministry of Corporate Affairs has introduced the Limited Liability Partnership (Amendment) Rules, 2017 whereby the defunct Limited Liability Partnerships can apply for striking-off their names from the register of names. A Limited Liability Partnership which has ceased to carry on its business operations for the period of one year or more can apply for…
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LLP (Limited Liability Partnership)
In a limited liability partnership, all partners have limited liability. In general, an LLP is organized under legal terms. LLP registration follows a defined procedure. In an LLP, you have some benefits, but there are also some disadvantages. Additionally, closing an LLP requires many steps. Therefore, many people are confused about how to register their…