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Can LLP be a subsidiary under the Companies Act?

February 11, 2019[2019] 102 159 (Article)
In the recent times, Limited Liability Partnership (‘LLP’) is the most preferred form of business organisation in India. Some of the advantages of LLP as a business organisation are ease of decision making and administration, ease of compliance, tax-efficient and also limited liability (in certain cases). However, in my view, LLP is an apt for consulting, advisory and service provider. Considering this, many large corporates are doing business through LLP.
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