Showing posts with label LLP. Show all posts
Showing posts with label LLP. Show all posts

Friday, January 22, 2016

HUF/ Karta cannot become partner in LLP

MCA has vide its circular no. 2/2016 clarified that Hindu Undivided Family or its Karta cannot become a partner or a designated partner of a Limited Liability Partnership. As per section 5 of the LLP Act, 2008 only an individual or a body corporate can become a partner in LLPs. Since HUFs are not treated as a body corporate it cannot become a partner in a LLP.

MCA circular is available here

Zodiac

  American true crime mystery movie “Zodiac” (2007) directed by David Fincher and starring Jake Gyllenhaal, Mark Ruffalo, Robert Downey Jr. ...