Effect of Registration of Limited Liability Partnership under LLP Act 2008

Sec. 14 of the LLP Act lays down that: On registration, a limited liability partnership shall, by its name, be capable of:suing and being sued;acquiring, owning, holding and developing or disposing of property, whether movable or immovable, tangible or intangible;having a common seal, if it decides to have one; anddoing and suffering such other acts...

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