Corporate, Banking and Tax
The Limited Liability Partnership Act, 2008
Act 6 of 2009 · 88 sections
Title, date and preamble
[7th January, 2009.]
An Act to make provisions for the formation and regulation of limited liability partnerships and
for matters connected therewith or incidental thereto.
BE it enacted by Parliament in the Fifty-ninth Year of the Republic of India as follows:—
Contents
CHAPTER I PRELIMINARY
CHAPTER II NATURE OF LIMITED LIABILITY PARTNERSHIP
CHAPTER III INCORPORATION OF LIMITED LIABILITY PARTNERSHIP AND MATTERS INCIDENTAL THERETO
- 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
- 18.Application for direction to change name in certain circumstances
- 19.Change of registered name
- 20.Penalty for improper use of words “limited liability partnership” or “LLP”
- 21.Publication of name and limited liability
CHAPTER IV PARTNERS AND THEIR RELATIONS
CHAPTER V EXTENT AND LIMITATION OF LIABILITY OF LIMITED LIABILITY PARTNERSHIP AND PARTNERS
CHAPTER VI CONTRIBUTIONS
CHAPTER VII FINANCIAL DISCLOSURES
- 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
CHAPTER VIII ASSIGNMENT AND TRANSFER OF PARTNERSHIP RIGHTS
CHAPTER IX INVESTIGATION
- 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.Inspector's 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
CHAPTER X CONVERSION INTO LIMITED LIABILITY PARTNERSHIP
CHAPTER XI FOREIGN LIMITED LIABILITY PARTNERSHIPS
CHAPTER XII COMPROMISE, ARRANGEMENT OR RECONSTRUCTION OF LIMITED LIABILITY PARTNERSHIPS
CHAPTER XIII WINDING UP AND DISSOLUTION
CHAPTER XIV MISCELLANEOUS
- 66.Business transactions of partner with limited liability partnership
- 67.Application of the provisions of the Companies Act
- 67A.Establishment of Special Courts
- 67B.Procedure and powers of Special Court
- 67C.Appeal and revision
- 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
- 73.Penalty on non-compliance of any order passed by Tribunal
- 74.General penalties
- 75.Power of Registrar to strike defunct limited liability partnership off register
- 76.Offences to limited liability partnerships
- 76A.Adjudication of penalties
- 77.Jurisdiction of Court
- 77A.Cognizance of offences
- 78.Power to alter Schedules
- 79.Power to make rules
- 80.Power to remove difficulties
- 81.Transitional provisions
Schedules and appendices
Schedules are not yet reproduced here. Read them in the official file; each link opens the page where the Schedule begins.