Limited Liability Partnership Act, 2017 - Khalid Zafar & Associates

Khalid Zafar & Associates / Laws Of Pakistan / Limited Liability Partnership Act, 2017

This Act may be called the Limited Liability Partnership Act, 2017 and it provides provisions for the incorporation, regulation and winding up of limited liability partnership as body corporate. It extends to the whole of Pakistan. A limited liability partnership shall be a body corporate by registration and shall be a legal entity separate from its partners. It can sue and can be sued. This Act provides the procedure and requirements of registration of limited liability partnership and also defines the liability of partners. A partnership can be wound up under Section 29 and 30 of this Act.