Limited liability partnership non application: partnership law generally does not govern LLPs, subject to express Bill provisions. The Bill provides that limited liability partnerships are generally excluded from the provisions of the Indian Partnership Act, with application only where the Bill expressly provides otherwise, creating a default statutory separation between the LLP form and ordinary partnership law.
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 non application: partnership law generally does not govern LLPs, subject to express Bill provisions.
The Bill provides that limited liability partnerships are generally excluded from the provisions of the Indian Partnership Act, with application only where the Bill expressly provides otherwise, creating a default statutory separation between the LLP form and ordinary partnership law.
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