Article Details

Growth of Limited Liability Partnerships (LLPs) in India with special reference to Innovative Vehicle for Entrepreneurial Development | Original Article

Anju Kahal*, Devendra Jarwal, in Journal of Advances and Scholarly Researches in Allied Education | Multidisciplinary Academic Research


The purpose of this research is to examine how the Company Act of 2013 and the Goods and Services Tax Act of 2017 have affected the development of LLPs in India. The data in this research is analysed and interpreted using both descriptive and inferential statistics. The study indicated that there were twice as many LLPs in the service industry than there were in manufacturing or agriculture, respectively. This study has reached its conclusion and offers suggestions to the Indian federal, state, and regional governments to encourage the formation of new limited liability partnerships (LLPs). Local and foreign company owners, both established and hopeful, may take advantage of them via subsidised loans, tax rebates, and other types of financial help. By increasing India's business friendliness and giving investors more security, this bill helps the country attract investment.