Tuesday 1 March 2016

Ministry of Corporate Affairs(MCA) has issued clarification clarifying that only individuals or body corporate can become Partners/ Designated Partners (DPs) in Limited Liability Partnership (LLP). Hindu Undivided Family (HUF) or Karta cannot become Partners/ (DPs) in LLP.

The circular can be downloaded from following link:

http://www.mca.gov.in/Ministry/pdf/General_Circular_2_2016.pdf


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