Limited Liability Partnership Act, 2008
Bare Act · 2008
An Act to make provisions for the formation and regulation of limited liability partnerships and for matters connected therewith or incidental thereto.
In the syllabus of: Delhi Civil Judge · UGC NET Law
- Act number
- 6 of 2009
- Enacted
- 7 January 2009
- Contents
- 88 sections · 15 chapters
The first 5 sections are free to read. Sign in free to read the rest.
Contents
Chapter I — Preliminary
Chapter II — Nature Of Limited Liability Partnership
- Section 3 – Limited liability partnership to be body corporate
- Section 4 – Non-applicability of the Indian Partnership Act, 1932
- Section 5 – Partners
- Section 6 – Minimum number of partners (preview)
- Section 7 – Designated partners (preview)
- Section 8 – Liabilities of designated partners (preview)
- Section 9 – Changes in designated partners (preview)
- Section 10 – Punishment for contravention of sections 7 and 9 (preview)
Chapter III — Incorporation Of Limited Liability Partnership And Matters Incidental Thereto
- Section 11 – Incorporation document (preview)
- Section 12 – Incorporation by registration (preview)
- Section 13 – Registered office of limited liability partnership and change therein (preview)
- Section 14 – Effect of registration (preview)
- Section 15 – Name (preview)
- Section 16 – Reservation of name (preview)
- Section 17 – Rectification of name of limited liability partnership (preview)
- Section 18 – Omitted (preview)
- Section 19 – Change of registered name (preview)
- Section 20 – Penalty for improper use of words "limited liability partnership" or "LLP" (preview)
- Section 21 – Publication of name and limited liability (preview)
Chapter IV — Partners And Their Relations
- Section 22 – Eligibility to be partners (preview)
- Section 23 – Relationship of partners (preview)
- Section 24 – Cessation of partnership interest (preview)
- Section 25 – Registration of changes in partners (preview)
Chapter V — Extent And Limitation Of Liability Of Limited Liability Partnership And Partners
- Section 26 – Partner as agent (preview)
- Section 27 – Extent of liability of limited liability partnership (preview)
- Section 28 – Extent of liability of partner (preview)
- Section 29 – Holding out (preview)
- Section 30 – Unlimited liability in case of fraud (preview)
- Section 31 – Whistle blowing (preview)
Chapter VI — Contributions
- Section 32 – Form of contribution (preview)
- Section 33 – Obligation to contribute (preview)
Chapter VII — Financial Disclosures
- Section 34 – Maintenance of books of account, other records and audit, etc (preview)
- Section 34A – Accounting and auditing standards (preview)
- Section 35 – Annual return (preview)
- Section 36 – Inspection of documents kept by Registrar (preview)
- Section 37 – Penalty for false statement (preview)
- Section 38 – Power of Registrar to obtain information (preview)
- Section 39 – Compounding of offences (preview)
- Section 40 – Destruction of old records (preview)
- Section 41 – Enforcement of duty to make returns, etc (preview)
Chapter VIII — Assignment And Transfer Of Partnership Rights
Chapter IX — Investigation
- Section 43 – Investigation of the affairs of limited liability partnership (preview)
- Section 44 – Application by partners for investigation (preview)
- Section 45 – Firm, body corporate or association not to be appointed as inspector (preview)
- Section 46 – Power of inspectors to carry out investigation into affairs of related entities, etc (preview)
- Section 47 – Production of documents and evidence (preview)
- Section 48 – Seizure of documents by inspector (preview)
- Section 49 – Inspector's report (preview)
- Section 50 – Prosecution (preview)
- Section 51 – Application for winding up of limited liability partnership (preview)
- Section 52 – Proceedings for recovery of damages or property (preview)
- Section 53 – Expenses of investigation (preview)
- Section 54 – Inspector's report to be evidence (preview)
Chapter X — Conversion Into Limited Liability Partnership
- Section 55 – Conversion from firm into limited liability partnership (preview)
- Section 56 – Conversion from private company into limited liability partnership (preview)
- Section 57 – Conversion from unlisted public company into limited liability partnership (preview)
- Section 58 – Registration and effect of conversion (preview)
Chapter XI — Foreign Limited Liability Partnerships
Chapter XII — Compromise, Arrangement Or Reconstruction Of Limited Liability Partnerships
- Section 60 – Compromise, or arrangement of limited liability partnerships (preview)
- Section 61 – Power of Tribunal to enforce compromise or arrangement (preview)
- Section 62 – Provisions for facilitating reconstruction or amalgamation of limited liability partnerships (preview)
Chapter XIII — Winding Up And Dissolution
- Section 63 – Winding up and dissolution (preview)
- Section 64 – Circumstances in which limited liability partnership may be wound up by Tribunal (preview)
- Section 65 – Rules for winding up and dissolution (preview)
Chapter XIV — Miscellaneous
- Section 66 – Business transactions of partner with limited liability partnership (preview)
- Section 67 – Application of the provisions of the Companies Act (preview)
- Section 67A – Establishment of Special Courts (preview)
- Section 67B – Procedure and powers of Special Court (preview)
- Section 67C – Appeal and revision (preview)
- Section 68 – Electronic filing of documents (preview)
- Section 68A – Registration offices (preview)
- Section 69 – Payment of additional fee (preview)
- Section 70 – Enhanced punishment (preview)
- Section 71 – Application of other laws not barred (preview)
- Section 72 – Jurisdiction of Tribunal and Appellate Tribunal (preview)
- Section 73 – Omitted (preview)
- Section 74 – General penalties (preview)
- Section 75 – Power of Registrar to strike defunct limited liability partnership off register (preview)
- Section 76 – Offences to limited liability partnerships (preview)
- Section 76A – Adjudication of penalties (preview)
- Section 77 – Jurisdiction of Courts (preview)
- Section 77A – Cognizance of offences (preview)
- Section 78 – Power to alter Schedules (preview)
- Section 80 – Power to remove difficulties (preview)
- Section 81 – Omitted (preview)
Sections
- Section 79 – Power to make rules (preview)