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Partnership and Llp

 Essay about Partnership and Llp

Institute of law

Nirma University

A Research Project On:

" Comparative analysis of " limited liability partnership action 2008” regarding " collaboration act 1932”

Published to: subwoofer mitted simply by: Prof. Nizam Khan Abhijeet Dubey Asst. Prof. of Law ILNU 11BBL022

Acknowledgement

I would really like to give thanks to my teacher, Mr. Nizam Khan, Asst. Prof. of Law, ILNU who presented with me the opportunity to carry exploration on the matter " Limited Liability Partnership” and presented me with valuable suggestions and suggestions at every level to make the job a valuable one and worthy. I would also like to give thanks to Mr. Ravindra Kumar Singh Asst. Prof. of Rules GNLU for sharing his knowledge regarding the subject with me at night and helping me. I would personally also like to thanks my friend for their support and guidance.

Abhijeet Dubey 11BBL022

Section C

IVth Semester

LICENSE

This is to certify that Abhijeet Dubey is a pupil of IVth Semester chasing B. Com LLB. (Hons. ), from Institute of Law, Nirma University plus the research areas mentioned in the index have been completely performed by him with full sincerity and devotion under my own guidance and support.

Date- 01/02/2013

_______________

Name and Signature

Mr. Nizam Khan

Asst. Prof. Law, ILNU.

DECLARATION

The written text reported inside the project is the outcome of my hard work and no area of the project work is replicated in any illegal manner and no part have been incorporated with out due acceptance of the worried teacher.

Abhijeet Dubey 11BBL022

Section C

IVth Session

Table of Contents

* Section 1 .. ……………………………………………………….... 6 2. Chapter 2…………………………………………………………... 9 * Chapter 3…………………………………………………………... 16 2. Chapter 4…………………………………………………………... 22 * Chapter 5…………………………………………………………. 24 5. Bibliography………………………………………………………25

CHAPTER ONE

TITLE:

Comparative examination of " Limited Liability” under " Limited The liability Partnership Act 2008” regarding " Alliance Act 1932”.

INTRODUCTION:

This research project handles the study the scope of liabilities underneath LLP Take action 2008 and Partnership Work 1932 and find the points of similarities and dissimilarities between they are all. The main aim of this project is to identify the reason behind enacting LLP Take action 2008. What makes it totally different from the existing Collaboration Act 1932? What is collaboration?

2. As per the oxford dictionary " A relationship is a connection of two or more people”. But for an elaborate description we need to consider corporate laws and regulations which define partnership while " an organized alliance or relationship among two or more persons. ” Effective partnerships are often based on trust, equality, and mutual understanding and obligations. Partnership can be a formal relationship, where the tasks and commitments are said in a written agreement. Whereas however an informal relationship is the a single, where the roles and requirements are presumed or agreed verbally. Partnership Act 1932 deals with equally formal along with informal type of partnership while LLP Action 2008 simply deals with special kind of formal partnership in which the liabilities from the partners are limited. LLP is viewed as another solution corporate business vehicle that delivers the benefits of the limited liability but allows its users the flexibility of organizing their internal structure as a relationship based on a mutually appeared agreement. LLP form is expected to permit entrepreneurs, pros and corporations providing solutions of any kind or engaged in scientific and technical disciplines, to form commercially efficient automobiles...

Bibliography: (i) Analysis of LLP Action, 2008, Manali Singhal, GNLU.

(iv) Limited Liability Alliance Act, 08: A long way forward, Pranjita Gar?on & Nishant Prakash.

[ 3 ]. Sec. 1, the Indian Alliance Act, 1932.

[ 4 ]. See Preamble to The Collaboration Act, 1932.

[ 5 ]. (1880) 15 Ch D 247: (1874-80) All Repetition 1121 (CA).

[ 6 ]. (1860) 8 HLC 268.

[ 7 ]. Munsi Memory v Comunitario Committee, (1979) 3 SCC 83.

[ almost 8 ]. Product owner Credit Co. Ltd v Garrod, (1962) 3 Every ER 1103.

[ 11 ]. " Pranjita Barman & Nishant Prakash” Limited Legal responsibility Partnership Work, 2008: Far forward.

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