Limited Liability Partnership Act, 2008 - Statutory Provisions

W. Tax

Other DT

S. Tax

C.Excise

Customs

FTP

SEZ

FEMA

DVAT

CST

Co. Law

LLP / PF

Miscellaneous

The Portal

|| New User || My profile || My Book Marks || SMS Services || Annual Subscription || Lost Password ||
Stay

TMI - Tax Management India. Com

Cenvat Credit - Supply to SEZ - Amendment to rule 6 - whether retrospective or prospective - the amendment is clarificatory in nature - held as retrospective - HC Rebate claims under Rule 18 - Export - original and duplicate copies of the ARE-1 forms were lost by their CHA and the Petitioner had lodged an FIR - all other conditions met - rebate allowed - HC Levy of service tax - The petitioner has adopted a non-cooperative attitude and collected mob on the spot and sensitized them of the requirement of law and threatened the officers, while the search continued. - against the assessee. - HC Levy of service tax on packaging activity - palletizing of cargo for export - the packing done by the appellant forming part of “cargo handling service” is not the type of packing referred to in sub-section (76b). - HC Additions u/s 68 - AO could not shift the burden back onto the Assessee Company without producing any tangible material to doubt the veracity of the documents furnished by the assessee. - HC MAT - for computation of adjusted book profit, the provisions of sec.14A cannot be imported into clause (f) of the Explanation to sec. 115JB. - Tri Registration u/s 12A cancelled - After insertion of proviso to section 2(15) the assessee has lost its character of charitable organization. The assessee is a service provider. Against assessee. - Tri Entitlement for Registration under Section 12AA - Since the object of the assessee society is only to benefit a particular community, primarily, Telugu Beri Vysia community and for performance of similar functions by other Hindus, the Tribunal rightly dismissed the appeal - HC Addition - Mere disparity in the consumption of electricity could not be a reason for estimating higher turnover as the production depends upon various factors. - Tri Forward contract cancellation loss - whether be treated as business loss - held yes since it is not a speculation transaction - HC A shareholder holding only 0.001% shares cannot be permitted to hold the company to ransom where 99% of the shareholders have accepted the scheme and the majority of the remaining shareholder comprising 1% have accepted the scheme and taken the moneys in lieu of their shares. - HC Demand of duty – Suo-moto credit taken by appellant - the amount paid by mistake cannot be termed as duty in the case on hand - demand set aside. - Tri Import of IPR - Duty of customs or service tax - Import of imported drawings and designs along with the plant and machinery and capital goods - levy of service tax upheld - Tri Process of electroplating - process undertaken by the appellant amounts to manufacture and therefore they are not liable to pay service tax - Tri Appropriate rate of tax - Works Contract Service - 4% or 2% - the applicable rate of tax would be the rate which was prevalent prior to 01.03.2008 - instruction dated 28.04.2008 is invalid - HC Section 40(a) (ia) would cover not only to the amounts which are payable as on 31th March of a particular year but also which are payable at any time during the year. - HC The proceedings in the Parliament, its debates and even the speeches made by the proposer of a bill are ordinarily not considered as relevant or safe tools for interpretation of a statute. - HC Disallowance u/s 40(a)(ia) - TDS - the decision of the Tribunal in the case of M/s. Merilyn Shipping & Transports vs. ACIT (2012 (4) TMI 290 - ITAT VISAKHAPATNAM), does not lay down correct law - HC

Wealth Tax

Other Direct Taxes

Central Excise

Foreign Trade Policy (FTP)

Special Economic Zone (SEZ)

Central Sales Tax (CST)

Limited Liability Partnership
LLP / PF / Trust and Societies

TMI - The Portal

LLP

Advanced Search options
Limited Liability Partnership Act, 2008
Show Chapter Wise
No.	Title
Section - 01	Short title, extent and commencement

Section - 02	Definitions

Section - 03	Limited liability partnership to be body corporate

Section - 04	Non-applicability of the Indian Partnership Act, 1932

Section - 05	Partners

Section - 06	Minimum number of partners

Section - 07	Designated partners

Section - 08	Liabilities of designated partners

Section - 09	Changes in designated partners

Section - 10	Punishment for contravention of sections 7, 8 and 9

Section - 11	Incorporation document

Section - 12	Incorporation by registration

Section - 13	Registered office of limited liability partnership and change therein

Section - 14	Effect of registration

Section - 15	Name

Section - 16	Reservation of name

Section - 17	Change of name of limited liability partnership

Section - 18	Application for direction to change name in certain circumstances

Section - 19	Change of registered name

Section - 20	Penalty for improper use of words "limited liability partnership" or "LLP"

Section - 21	Publication of name and limited liability

Section - 22	Eligibility to be partners

Section - 23	Relationship of partners

Section - 24	Cessation of partnership interest

Section - 25	Registration of changes in partners

Section - 26	Partner as agent

Section - 27	Extent of liability of limited liability partnership

Section - 28	Extent of liability of partner

Section - 29	Holding out

Section - 30	Unlimited liability in case of fraud

Section - 31	Whistle blowing

Section - 32	Form of contribution

Section - 33	Obligation to contribute

Section - 34	Maintenance of books of account, other records and audit, etc.

Section - 35	Annual return

Section - 36	Inspection of documents kept by Registrar

Section - 37	Penalty for false statement

Section - 38	Power of Registrar to obtain information

Section - 39	Compounding of offences

Section - 40	Destruction of old records

Section - 41	Enforcement of duty to make returns, etc.

Section - 42	Partner's transferable interest

Section - 43	Investigation of the affairs of limited liability partnership

Section - 44	Application by partners for investigation

Section - 45	Firm, body corporate or association not to be appointed as inspector

Section - 46	Power of inspectors to carry out investigation into affairs of related entities, etc.

Section - 47	Production of documents and evidence

Section - 48	Seizure of documents by inspector

Section - 49	Inspector's report

Section - 50	Prosecution

Section - 51	Application for winding up of limited liability partnership

Section - 52	Proceedings for recovery of damages or property

Section - 53	Expenses of investigation

Section - 54	Inspector's report to be evidence

Section - 55	Conversion from firm into limited liability partnership

Section - 56	Conversion from private company into limited liability partnership

Section - 57	Conversion from unlisted public company into limited liability partnership

Section - 58	Registration and effect of conversion

Section - 59	Foreign limited liability partnerships

Section - 60	Compromise, or arrangement of limited liability partnerships

Section - 61	Power of Tribunal to enforce compromise or arrangement

Section - 62	Provisions for facilitating reconstruction or amalgamation of limited liability partnerships

Section - 63	Winding up and dissolution

Section - 64	Circumstances in which limited liability partnership may be wound up by Tribunal

Section - 65	Rules for winding up and dissolution

Section - 66	Business transactions of partner with limited liability partnership

Section - 67	Application of the provisions of the Companies Act

Section - 68	Electronic filing of documents

Section - 69	Payment of additional fee

Section - 70	Enhanced punishment

Section - 71	Application of other laws not barred

Section - 72	Jurisdiction of Tribunal and Appellate Tribunal

Section - 73	Penalty on non-compliance of any order passed by Tribunal

Section - 74	General penalties

Section - 75	Power of Registrar to strike defunct limited liability partnership off register

Section - 76	Offences to limited liability partnerships

Section - 77	Jurisdiction of Court

Section - 78	Power to alter Schedules

Section - 79	Power to make rules

Section - 80	Power to remove difficulties

Section - 81	Transitional provisions

Sch - 01	PROVISIONS REGARDING MATTERS RELATING TO MUTUAL RIGHTS AND DUTIES OF PARTNERS AND LIMITED LIABILITY PARTNERSHIP AND ITS PARTNERS APPLICABLE IN THE ABSENCE OF ANY AGREEMENT ON SUCH MATTERS

Sch - 02	CONVERSION FROM FIRM INTO LIMITED LIABILITY PARTNERSHIP

Sch - 03	CONVERSION FROM PRIVATE COMPANY INTO LIMITED LIABILITY PARTNERSHIP

Sch - 04	CONVERSION FROM UNLISTED PUBLIC COMPANY INTO LIMITED LIABILITY PARTNERSHIP

Advanced Search

Subscription

Annual Subscription

Consultancy Services

Modes of Payment

Updates

Recent Case Laws

Recent Notifications

Recent Circulars

Event Calendar

News / Feeds

Newsletters

FAQ - Newsletters

Archive - Newsletters

Communication

Contact - Us

Feedback / Suggestion

Other Options

Compute Income Tax

Refer to Friend

Important Links

Advertise with us

Quick Links: || Acts and Rules || Notifications || Circulars || Schedules || Forms || Case Laws || Members ||

| Home | | About us | | Contact us | | Refer us | | Feed Back | | Disclaimer | | Terms of Use | | Privacy Policy | | Discussion Forum |

Go to Mobile Website

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.