Limited Liability Partnership.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....imited Liability Partnership. <br>News and Press Release<br>Dated:- 15-3-2012<br><BR>Press Information Bureau Government of India Ministry of Corporate Affairs 15-March-2012 16:53 IST Limited Liability Partnership The Minister of State in the Ministry of Corporate Affairs Shri R.P.N. Singh today informed the Lok Sabha that the Limited Liability Partnership Act, 2008 (LLP) which came into effe....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ct from March 31, 2009, provides for any individual or body corporate to be a partner under LLP Act, 2008. Whereas a joint venture LLP between Government and private sector is possible, there is no concept of "Government LLP" in the LLP Act, 2008. As such no data is maintained of joint ventures Limited Liability Partnership between the Government and private sector under the provisions of the LLP ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Act. Audit of Limited Liability Partnership is conducted by the member/member firm of The Institute of Chartered Accountants of India as per rule 24 of LLP Rules, 2009. The Minister war replying to a written question whether joint ventures between the Government and private sector under limited liability partnership exist in the country; the date from which the said policy came into effect; the ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....number of such joint ventures functioning in the country by the end of December, 2011 and the amount of capital invested by the Government and private sector therein; and the name of the agency entrusted with the audit of the account of the said joint ventures. ***** ST/-<BR> News - Press release - PIB....