formation of partnership by foreign residents


This query is : Resolved 

(Querist)
15 December 2008 Two foriegn citizens residing in malaysia are intereseted in forming a partnership firm for opening a training institute in bangalore. Can they form a partnership firm or only a pvt ltd company. In partnership firm, can it be a limited liability partnership?

Prashanth (Querist)
15 December 2008 Request for a reply

16 December 2008 Prashant

Right query at the right time. LLP Bill has been passed on Friday the 12th December 2008. This wl enable to form such an Partnership which ws nt possible so far. U can see Limited Liability Parnership Act 2008 for this.

I m sure this wl enable such partnerships

rgds

Vivek


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