Section 3, Limited Liability Partnership Act, 2008 — Limited liability partnership to be body corporate

Chapter II · Nature of Limited Liability Partnership

3Limited liability partnership to be body corporate.

Section 3 · Chapter II · page 7 of the Act

(1) A limited liability partnership is a body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners.

(2) A limited liability partnership shall have perpetual succession.

(3) Any change in the partners of a limited liability partnership shall not affect the existence, rights or liabilities of the limited liability partnership.

Other provisions that mention Section 3

The Third Schedule

Section 3 of The Limited Liability Partnership Act, 2008 is reproduced in full above, as printed by India Code, with its footnotes and amendment markers. Read the whole Act, or browse every Act on Mera Samvidhaan.