Dear Members,
Can a Pvt. Co. and LLP become partners in another LLP?
4 Replies
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.
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.
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