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        Bills

        Clause 3 - Limited liability partnership to be body corporate

        Limited Liability Partnership Bill, 2008

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        Limited liability partnership recognized as separate legal entity, retaining perpetual succession and continuity despite changes in partners. A limited liability partnership is a body corporate and a legal person distinct from its partners, endowed with perpetual succession; changes in partners do not affect the LLP's existence, rights, or liabilities and the entity retains continuity and its separate legal identity.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Limited liability partnership recognized as separate legal entity, retaining perpetual succession and continuity despite changes in partners.

                                A limited liability partnership is a body corporate and a legal person distinct from its partners, endowed with perpetual succession; changes in partners do not affect the LLP's existence, rights, or liabilities and the entity retains continuity and its separate legal identity.


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