LIMITED LIABILITY PARTNERSHIPSPDF电子书下载

Chapter: 1.Introduction 5

1.1 Research Methodology 8

1.1.1 Object of Study 8

1.1.2.Scope of the Study 8

1.1.3 Source of Information 9

1.2.Research Scheme 9

1.3.Research Hypothesis 12

CHAPTER 2:HISTORICAL EVOLUTION OF LIMITED LIABILITY RULE 13

2.1.Introduction: 13

2.2.The History of the Law of Limited Liability: 14

2.2.1 Ancient Rome: 14

2.2.2 Medieval Italian and Continental Versions of Limited Liability: 15

2.2.3 English Limited Liability: Seventeenth and Eighteenth Centuries: 16

2.2.4 Nineteenth Century English Reforms: 18

2.2.5 American Limited Liability: 21

2.2.6 Other Nations: 23

2.2.7 Managers and Creditors: 23

2.2.8 : Means of Achieving Limited Liability: 24

2.2.9 Express Contracts 24

2.2.10 Becoming Judgment Proof 24

2.2.11 Incorporation and the Use of Other Limited Liability Entities: 25

2.2.12 Subsidiaries and Enterprise Liability: 26

2.2.13Exceptions to Limited Liability: Lifting or Piercing the Veil: 28

2.2.14 Statutory Limits on Liability: 30

2.2.15 Bankruptcy: 31

2.2.16 Limited Liability and the Supply of Capital: 31

2.2.17 Encouraging Risky Investments: 32

2.2.18 Limited Liability in Contract: 34

2.3 EVOLUTION OF NEW BUSINESS VECHICLE: LLP 38

2.3.1 LIMITED LIABILITY PARTNERSHIP: AN OVERVIEW: 39

2.3.2 LLP & BUSINESS: 40

2.4 CONCLUSION 41

Chapter:3.Position in other countries 42

3.1 LLP in UNITED STATES: 43

3.1.1 Emergence of limited liability partnership in the United States: 43

3.1.2 Procedures for setting up limited liability partnership: 45

3.1.3 Eligibility: 46

3.1.4 Scope of liability limitation: 48

3.1.5 Safeguards: 51

3.1.6 Disclosure of limited liability status: 52

3.1.7 Non-fiancial reporting: 53

3.1.8 Preservation of assets in the course of winding-up: 53

3.1.9 Complaints and disciplinary systems: 54

3.1.10 Risk management strategies: 54

3.1.11 Impact: 55

3.2 POSITION IN UNITED KINGDOM: 55

3.2.1 Emergence of limited liability partnership in the United Kingdom: 55

3.2.1 Definition and nature of limited liability partnership in England and Wales: 57

3.2.2 Procedures for setting up limited liability partnership: 58

3.2.3 Eligibility: 59

3.2.4 Statutory requirements for setting up limited liability partnership: 60

3.2.5 Scope of liability limitation: 61

3.2.6 Indirect liability by contribution 63

3.2.7 Liability for one’s own wrongdoings: 63

3.2.8 Liability in the winding up of limited liability partnership: 64

3.2.9 Safeguards: 64

3.2.10 Disclosure of limited liability status : 65

3.2.11 Non-financial reporting: 66

3.2.12 Financial reporting: 67

3.2.13 Preservation of assets in the course of winding up: 68

3.2.14 Complaints and disciplinary systems: 69

3.2.15 Risks management strategies: 69

3.3.POSITION IN SINGAPORE: 70

3.3.1 REASONS FOR INTRODUCING LLPs: 70

3.3.2 NATURE OF AN LLP: 71

3.3.3 FORMATION OF AN LLP: 73

3.3.4 MANAGEMENT OF AN LLP: 74

3.3.5 DISSOLUTION OF AN LLP: 75

3.3.6 TAX TREATMENT OF AN LLP: 76

3.4 CONCLUSION: 77

Chapter:4.LLP in India 78

4.1 Introduction: 78

4.1.1 Vast opportunities: 78

4.1.2 Overall Business Environment 79

4.1.3 New Initiatives : 79

4.2.Legal framework of LLP in India: 82

4.2.1 RATIONALE OF LIMITED LIABILITY PARTNERSHIP: 83

4.3 Various Committee Reports: 84

4.3.1 Recommendations and Critique of Naresh Chandra Committee Report: 85

4.3.2 Recommendations of J.J Irani committee: 92

4.5 Enactment of the new act of limited liability partnership 2008: 95

4.5.1 Constitutional background: 98

4.5.2 Salient Features: 99

4.5.3 Existing business organisations in India and their limitations 106

Disadvantages of partnership Firm: 113

4.6 DISTINGUISHING AN LLP FROM OTHER BUSINESS FORMS: 120

4.6.1 A Comparison between traditional partnership and LLP 121

4.6.2 COMPARISON BETWEEN A COMPANY AND LLP 124

4.7 CONCLUSION: 129

Chapter:5.Indian LLP is a mix of U.K and Singapore model 130

5.1.INTRODUCTION: 130

5.2 LLP in USA, UK, Singapore, Japan and India: A Comparative Study: 131

5.3 CONCLUSION: 147

Chapter:6.Procedural and legal aspect of L.L.P in India 150

6.1.INTRODUCTION: 150

6.2 LEGAL ASPECTS LLP: 150

6.2.1LIABILITY PROVISIONS: 155

6.2.3 FOREIGN LLPS: 157

6.3 Procedure for formation of an LLP: 158

6.4 Tax Provisions on LLP: 164

6.4.1 LLP can claim the following deductions: 167

6.5 CONCLUSION: 169

Chapter: 7.Conclusion 170

BIBLIOGRAPHY 183