A family comprising of 3 sons and wives alongwith parents have formed 18 LLPs, Pvt Ltd Co in different permutation and combination. Could we club them as sister concerns?
Please guide.
Jayanta Bandyopadhyay 19 July 2023
A family comprising of 3 sons and wives alongwith parents have formed 18 LLPs, Pvt Ltd Co in different permutation and combination. Could we club them as sister concerns?
Please guide.
T. Kalaiselvan, Advocate (Advocate) 20 July 2023
The LLP Act does provide for merger or restructuring of two LLPs through the National Company Law Tribunal (NCLT) approval process.neither there is any concept or provision in law to bring the similar LLPs under one umbrella in the name of sister concern.
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