The Limited Liability Partnership Act, 2008

Limited Liability Partnership Act, 2009
Parliament of India
  • An Act to make provision for the formation and regulation of limited liability partnerships and for matters connected therewith or incidental thereto.
CitationNo. 6 of 2009
Enacted byParliament of India
Enacted12 December 2008
Assented to7 January 2009
Commenced31 March 2009
Status: In force

The Limited Liability Partnership Act, 2008 was enacted by the Parliament of India to introduce and legally sanction the concept of LLP in India. Unlike the general partnerships in India, LLP is a body corporate and legal entity separate from its partners, have Perpetual succession and any change in the partners of an LLP shall not affect the existence, rights or liabilities of the LLP.

Section 4. Non-applicability of the Indian Partnership Act, 1932.—Save as otherwise provided, the provisions of the Indian Partnership Act, 1932 (9 of 1932) shall not apply to a limited liability partnership.

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