Through a circular dated 14 October, the Ministry of Corporate Affairs has clarified that a trust or a trustee representing a trust in the case of real estate investment trusts, infrastructure investment trusts or other trusts that are set up under the regulations prescribed under the Securities and Exchange Board of India Act, 1992, can become a partners in a limited liability partnership (LLP).
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The business law digest is compiled by Nishith Desai Associates (NDA). NDA is a research-based international law firm with offices in Mumbai, New Delhi, Bangalore, Singapore, Silicon Valley and Munich. It specializes in strategic legal, regulatory and tax advice coupled with industry expertise in an integrated manner.
