The research involves a study in the partnership concept as well as the evolving concept of limited liability partnership. It includes a study of a partnership firm and how it is registered or what are the effects of the non- registration of the firm, how is it is dissolved with special reference to the provisions of “THE INDIAN PARTNERSHIP ACT 1932”.
The study further Involved the evolving concept of the limited liability partnership firm and the further research regarding the topic which led us to know the origin of the concept, the governing act of this model in India, the rights and duties, what were the application of the concept in the world. The paper also helped in exploring the process of registration of an LLP firm and how it is winded up in India according to the provisions.
