Section 3 Limited Liability Partnership Act, 2008 Explained: Formation of limited liability partnership | Nyaya

Statutory Content

What does Section 3 of Limited Liability Partnership Act, 2008 say?

A limited liability partnership may be formed by two or more persons who desire to form an association for the purpose of profit, with a view to carrying on a lawful business with the limited liability of its members.

Indian StandardSection 3, Limited Liability Partnership Act, 2008

Bluebook (21st ed.)Limited Liability Partnership Act, 2008, § 3 (India)

Court Pleading StandardSection 3 of the Limited Liability Partnership Act, 2008

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Source: Gazette of India (Official Publication)Verify egazette.gov.in ↗

Common Questions about Section 3 Limited Liability Partnership Act, 2008

What is Section 3 of Limited Liability Partnership Act, 2008?

Section 3 of the Limited Liability Partnership Act, 2008 (Limited Liability Partnership Act, 2008) defines and regulates "Formation of limited liability partnership". The section states: A limited liability partnership may be formed by two or more persons who desire to form an association for the purpose of profit, with a view to carrying on a lawful business with ...

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