Limited liability partnership

Dear Vidisha,

According to me, LLP can hold property in its own name. infact, that is the main point of difference between a normal partnership firm and an LLP

Thanks, ankit for your quick reply but can you provide me the section inwhich it is written. 

See this :https://wirc-icai.org/wirc_referencer/Other%20Law/LLP.htm

you are welcome Vidisha,

I dont think there is a specific provision which says so. but then , there is also no section which prohibits so.

hence, it is allowed.

you can refer to the following link for the same (see point 2 in the concept of LLP)

https://www.mca.gov.in/LLP/nature_llp_faq.html

Dear Vidisha,

its written in Point 14 of The Limited Liability Partnership Act, 2008...

Here is the link where you can check it..

https://www.mca.gov.in/LLP/pdf/LLP_Act_2008_15jan2009.pdf

Thanks, Vikram and Ankit for your quick response