Modifications in Limited Liability Partnership (LLP) Legislation to Provide Incentive to Foreign Limited Liability Partnership (FLLP)-A Case Study on the Professionals in Kolkata

Authors

  • Chandrani Dutta

DOI:

https://doi.org/10.33516/rb.v42i2.98-111p

Keywords:

Limited Liability Partnership (LLP), Foreign Limited Liability Partnership (FLLP), Professionals, Taxation, Demography.

Abstract

Limited Liability Partnership (LLP) is a hybrid of partnership and corporate form to fill up the gaps and deficiencies of the two conventional business structures. LLP has evolved in the present scenario due to the various demands of the professionals especially the accounting professionals. The inability of the professionals to practice in limited liability entities, the rise in the litigations against the professionals, the exposure to unlimited liability, etc. are some of the reasons that had made the professionals to demand for limited liability entities. In the present article, an attempt has been made to highlight some issues that can be modified in the legislation to provide incentive to Foreign LLPs (FLLPs) in India and to gather and analyse the opinions of the professionals in this regard.

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Published

2016-07-01

How to Cite

Dutta, C. (2016). Modifications in Limited Liability Partnership (LLP) Legislation to Provide Incentive to Foreign Limited Liability Partnership (FLLP)-A Case Study on the Professionals in Kolkata. Research Bulletin, 42(2), 98–111. https://doi.org/10.33516/rb.v42i2.98-111p

Issue

Volume 42, Issue 2, July 2016

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

References

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http://www.mca.gov.in/Ministry/actsbills/pdf/LLP_ Act_2008_15jan2009.pdf (last accessed on (31st March, 2015)