Limited liability partnership definitions clarify partner roles, foreign LLP status, governance terms, and administrative authorities.

Defines key terms for LLP regulation: limited liability partnership and its governing limited liability partnership agreement; the meanings of partner and designated partner; foreign limited liability partnership; and scope of "entity" and "body corporate." Administrative terms include "Registrar," "Tribunal," and "Appellate Tribunal," while "financial year" and professional definitions (advocate, chartered accountant, company secretary, cost accountant) are specified or incorporated by reference to corresponding Acts.

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