General circular No 37/2014
File No. 2/3/2014 CL-VOnline GST Certification Course by TaxGuru & MSME- Click here to Join
Dated 14th October,2014
Subject: Clarification with regard to Trust/ trustee as a partner in the Limited Liability Partnerships (LLPs).
Clarifications have been sought on whether a trust or a trustee representing a trust in the case of “Real Estate Investment Trust” (REIT) or “Infrastructure Investment Trust” (InvITs) or such other trusts set up under the regulations prescribed under the Securities & Exchange Board of India Act, 1992, can become a partner in an LLP.
Kamna Sharma Assistant Director