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Limited Liability Partnership is a partnership as per companies act 2013 in which the liabilities of Partners are Limited in their personal capacity towards the company in the case of dissolution of the partnership.
The Ministry of Micro, Small and Medium Enterprises (MSMEs) vide its publication of notification in Gazette of India dated 26th June, 2020 has specified the new form and procedure for filing the memorandum to be known as ‘UDYAM REGISTRATION’ with effect from 1st day of July, 2020.