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Section 2 of LLP Act, 2008 : Section 2: Definitions

The Limited Liability Partnership Act, 2008

CHAPTER I: PRELIMINARY

Section 2: Definitions

Explanation using examples

Imagine a group of four friends—Amit, Priya, John, and an existing company XYZ Pvt. Ltd.—decide to start a new business venture together. They want to establish a legal structure that allows them flexibility and limited liability. They choose to form a **Limited Lia