SEBI allows LLPs to become stock exchange members

SEBI has said limited liability partnership (LLP — a concept which came into being in India only in 2008) firms should be considered as a body corporate and are eligible to become members of stock exchanges. In a clarification on Monday, SEBI observed that LLP were akin to limited liability companies (LLC) and partnership firms, and with the parliament putting a legal framework for such entities in place, stock exchanges may consider granting them membership

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