Search results
LIMITED LIABILITY PARTNERSHIPS ACT 2012 ACT 743 PART I PRELIMINARY 1. Short title and commencement (1) This Act may be cited as the Limited Liability Partnerships Act 2012. (2) This Act comes into operation on a date to be appointed by the Minister by notification in the Gazette. 2. Interpretation in this Act, unless the context otherwise requires-
limited liability partnerships act 2012 An Act to provide for the registration, administration and dissolution of limited liability partnerships and to provide for related matters.
The LLP offers limited liability to its partners whereby any debts and obligations of the LLP will be borne by the assets of the LLP. In the case of a conventional partnership, the
•What is a limited liability partnership? o A new business vehicle. o A hybrid between company and conventional partnership offering fundamentally: i. the privilege of limited liability accorded to the partners of the LLP; and ii. the flexibility of internal management. 3
Limited Liability Partnership is an alternative type of business under the Limited Liability Partnership Act 2012 (Act 743) which combines the characteristics of a private company and a conventional partnership.
09 Feb 2012 Publication Date: 09/02/2012 Royal Assent Date: 02/02/2012 Commencement Date: 26/12/2012 Commencement Remark: 26-12-2012 [P.U. (B) 421/2012]
An Act to provide for the registration, administration and dissolution of limited liability partnerships and to provide for related matters. Home Reference Library
