Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.
Trustee corporate partner status: corporate trustees may hold partnership in an LLP in their corporate name without trustee designation. A trustee that is a body corporate, including trustees of REITs and InvITs constituted under securities regulations, is not barred from being a partner in a Limited Liability Partnership; such a corporate trustee may hold partnership in an LLP in its corporate name without adding a statement that it is a trustee.
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.
Trustee corporate partner status: corporate trustees may hold partnership in an LLP in their corporate name without trustee designation.
A trustee that is a body corporate, including trustees of REITs and InvITs constituted under securities regulations, is not barred from being a partner in a Limited Liability Partnership; such a corporate trustee may hold partnership in an LLP in its corporate name without adding a statement that it is a trustee.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.