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Limited Liability Partnership Act, 2008
Limited Liability Partnership Act, 2008
81 sections published.
1
Short title, extent and commencement
2
Definitions
3
Limited liability partnership to be body corporate
4
Non-applicability of the Indian Partnership Act, 1932
5
Partners
6
Minimum number of partners
7
Designated partners
8
Liabilities of designated partners
9
Changes in designated partners
10
Punishment for contravention of sections 7 and 9
11
Incorporation document
12
Incorporation by registration
13
Registered office of limited liability partnership and change therein
14
Effect of registration
15
Name
16
Reservation of name
17
Rectification of name of limited liability partnership
19
Change of registered name
20
Penalty for improper use of words "limited liability partnership" or "LLP"
21
Publication of name and limited liability
22
Eligibility to be partners
23
Relationship of partners
24
Cessation of partnership interest
25
Registration of changes in partners
26
Partner as agent
27
Extent of liability of limited liability partnership
28
Extent of liability of partner
29
Holding out
30
Unlimited liability in case of fraud
31
Whistle blowing
32
Form of contribution
33
Obligation to contribute
34
Maintenance of books of account, other records and audit, etc
34A
Accounting and auditing standards
35
Annual return
36
Inspection of documents kept by Registrar
37
Penalty for false statement
38
Power of Registrar to obtain information
39
Compounding of offences
40
Destruction of old records
41
Enforcement of duty to make returns, etc
42
Partner's transferable interest
43
Investigation of the affairs of limited liability partnership
44
Application by partners for investigation
45
Firm, body corporate or association not to be appointed as inspector
46
Power of inspectors to carry out investigation into affairs of related entities, etc
47
Production of documents and evidence
48
Seizure of documents by inspector
49
Inspectors' report
50
Prosecution
51
Application for winding up of limited liability partnership
52
Proceedings for recovery of damages or property
53
Expenses of investigation
54
Inspector's report to be evidence
55
Conversion from firm to limited liability partnership
56
Conversion from private company to limited liability partnership
57
Conversion from unlisted public company into limited liability partnership
58
Registration and effect of conversion
59
Foreign limited liability partnerships
60
Compromise or arrangement of limited liability partnerships
61
Power of Tribunal to enforce compromise or arrangement
62
Provisions for facilitating reconstruction or amalgamation of limited liability partnerships
63
Winding up and dissolution
64
Circumstances in which limited liability partnership may be wound up by Tribunal
65
Rules for winding up and dissolution
66
Business transactions of partner with limited liability partnership
67
Application of the provisions of the Companies Act
67A
Establishment of Special Courts
68
Electronic filing of documents
68A
Registration offices
69
Payment of additional fee
70
Enhanced punishment
71
Application of other laws not barred
72
Jurisdiction of Tribunal and Appellate Tribunal
74
General penalties
75
Power of Registrar to strike defunct limited liability partnership off register
76
Offences by limited liability partnerships
77
Jurisdiction of Court
78
Power to alter Schedules
79
Power to make rules
80
Power to remove difficulties
