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LLP Act (Limited Liability Partnership Act, 2008) provides the legal framework governing Limited Liability Partnerships in India. This chapter explains the meaning, nature, and essential features of an LLP, highlighting how it combines the flexibility of a partnership with the benefits of limited liability. It covers key provisions related to incorporation, partners and designated partners, rights and duties, contribution, and mutual relations within an LLP. The Act also deals with compliance requirements, accounts and audit, conversion of firms and companies into LLPs, and penalties for non-compliance. Understanding the LLP Act is crucial for CA Inter Law students as it is frequently tested and highly relevant for practical business structures in India. 🎯 Who should watch this video? CA Inter | B.Com | BBA | CMA | CS | Income Tax beginners Must-Have Student Accessories 1) Recommended Black Dot pen https://amzn.to/459Znv5 2) Set of Notebooks https://amzn.to/3KVPJoW 3) Compact Desk Clock https://amzn.to/49c0EUU . . . . . . . . #LLPAct #LimitedLiabilityPartnership #cainterlaw #businesslawyer #companylaw #llpregistration #castudents #lawforca