CA Sudhir Halakhandi (PRACTICING CHARTERED ACCOUNTANT) (13401 Points)
05 January 2009IS THERE ANY MAXIMUM NUMBER OF PARTNERS PRESCRIBED IN THE LIMITED LIABILITY BILL-2008.
SEE MINIMUM NUMBER IS 2 AND IN TRADIDIONAL PARTNERSHIPS THE MAXIMUM NUMBER IS FISXED.
- CA SUDHIR HALAKHANDI
CA Sudhir Halakhandi
(PRACTICING CHARTERED ACCOUNTANT)
(13401 Points)
Replied 05 January 2009
JUST NOW I CAME TO KNOW FROM A FELLOW PROFESSIONAL THAT NO MAXIMUM NUMBER IS SPECIFIED IN THE LLP BILL-2008.
IS HE RIGHT?
CS Arpita Rajpurohit
(Company Secretary)
(1111 Points)
Replied 05 January 2009
yes sir, it is true......
there is no limit fixed for maximum no. of partners in a LLP.
umaa's legal clinic
(simple solutions for complex legal issue)
(165 Points)
Replied 05 January 2009
Yes Mr. Sudhir, the maximum membership of LLP is unlimited.
CA Sudhir Halakhandi
(PRACTICING CHARTERED ACCOUNTANT)
(13401 Points)
Replied 05 January 2009
THANKS
CA. Pushkar Sharma
(Chartered Accountant)
(278 Points)
Replied 12 January 2009
| " | Sir there is no specified limit of maximum number of partners in LLP. minimum is two. | " |
CA RAHUL KUMAR JAIN
(JOB)
(45 Points)
Replied 12 November 2011
No Limit of Maximum No. of Partner defined in LLP Bill - 2008
but Minimum 2 Partner Defined
archana bakshi
(Student)
(227 Points)
Replied 17 April 2012
the very purpose of d concept of llp is to give partnership ,corporate characteristics without changing the legal status from firm to company....so obviously if abny upper limit is imposed on the no. of members,then the very purpose of llp will be defeated..so no max. limit
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