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Can llp becomes partner in another llp?

Swati Sharma (TRAINEE) (328 Points)

02 September 2017

Dear Members,

Can a Pvt. Co. and LLP become partners in another LLP?

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4 Replies

Ashwin Kumar (1234 Points)
Replied 03 September 2017

Yes of course I think

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manishhhhh0@gmail.com (15 Points)
Replied 03 September 2017

LLP can become the partner in another LLP as it is a separate legal entity and there is a provision that any person can become a member.Now we have to see what the "person"includes,according to the general clauses act,1987 defines the definition of person that artificial person or any body corporate can become a member thus on concluding one LLP can become a member in another LLP.

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manishhhhh0@gmail.com (15 Points)
Replied 03 September 2017

LLP can become the member in another LLP as it is a separate legal entity and there is a provision that any person can become a member.Now we have to see what the "person"includes,according to the general clauses act,1987 defines the definition of person that artificial person or any body corporate can become a member thus on concluding one LLP can become a member in another LLP.

Law Aspire (CS) (755 Points)
Replied 05 September 2017

What will be the provisions of stamp duty, if LLP as a partner contribute Land/Property in another LLP.

IS LLP a related party to a public ltd company if the director of Public Ltd company is a partner in LLP.