Under the section 56 of the LLP act , a private limited company may convert into a limited liability partnership (LLP) . The LLP act states that, a “company ” shows a private limited company is mentioned in section 3 …
LLP Meaning A Limited Liability Partnership firm (LLP) is a form of business organization with each partners liability limited to the contribution made by that partner in relation to the LLP, except in case of fraud, wrongs, malpractice, etc., in …
LLP Company is formed under the Limited Liability Partnership for the business people. It is introduced by the Indian government under the LLP act 2008. LLP is the new form of business which helps Indian people as well as the …