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Limited Liability Partnership

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Limited Liability Partnership
INDEX

|S.NO |CONTENT |PAGE NO. |
|1 |Introduction |2-4 |
|2 |Overview of Limited Liability Partnership|4-10 |
| |Act, 2008 | |
|3 |Tax implication |10-11 |
|4 |Comparative Analysis |11-12 |
|5 |Advantages & Disadvantages |12-13 |
|6 |ONGC & LLP |13 |
|7 |Challenges |13-14 |
|8 |Critical Analysis of LLP |14-15 |
|9 |Conclusion |15-16 |
|10 |Bibliography |17 |

LIMITED LIABILITY PARTNERSHIP – INDIAN PERSPECTIVE

Introduction
Over the past decade, India has evolved from being an almost closed economy to a liberal and open economy. ‘Destination India’ has been the buzzword in many western countries ever since, as they seek to utilize the ever growing process of the ‘services’ sector of India. With the growth of Indian economy, the role played by its entrepreneur as well as technical and

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