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Limited Liability Partnership Act
Under which act are Limited Liability Partnerships governed in India?
LLPs are governed by the Limited Liability Partnership Act, 2008, which came into force on 1st April 2009.
What is the maximum number of partners allowed in an LLP?
No maximum limit is prescribed under the LLP Act.
What is the minimum number of partners required to form an LLP?
A minimum of two partners is required to incorporate an LLP, and there is no maximum limit on the number of partners.
Which year was the Limited Liability Partnership Act enacted in India?
The LLP Act was enacted in the year 2008.
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