Section 3: Limited liability partnership to be body corporate

The Limited Liability Partnership Act, 2008

Chapter-II
Nature of Limited Liability Partnership

Section 3: Limited liability partnership to be body corporate

3. (1) A limited liability partnership is a body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners.

(2) A limited liability partnership shall have perpetual succession.

(3) Any change in the partners of a limited liability partnership shall not affect the existence, rights or liabilities of the limited liability partnership.


 

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