Limited Liability Partnership Act, 2008
Section - 3 - Limited liability partnership to be body corporate
CHAPTER II
NATURE OF LIMITED LIABILITY PARTNERSHIP
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.
CAclubindia
