Limited Liability Partnership Act, 2008

Short title, extent and commencement

Definitions

Limited liability partnership to be body corporate

Non-applicability of the Indian Partnership Act, 1932

Partners

Minimum number of partners

Designated partners

Liabilities of designated partners

Changes in designated partners

Punishment for contravention of sections 7, 8 and 9

Incorporation document

Incorporation by registration

Registered office of limited liability partnership and change therein

Effect of registration

Name

Reservation of name

Change of name of limited liability partnership

Application for direction to change name in certain circumstances

Change of registered name

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

Publication of name and limited liability

Eligibility to be partners

Relationship of partners

Cessation of partnership interest

Registration of changes in partners

Partner as agent

Extent of liability of limited liability partnership

Extent of liability of partner

Holding out

Unlimited liability in case of fraud

Whistle blowing

Form of contribution

Obligation to contribute

Maintenance of books of account, other records and audit, etc.

Annual return

Inspection of documents kept by Registrar

Penalty for false statement

Power of Registrar to obtain information

Compounding of offences

Destruction of old records

Enforcement of duty to make returns, etc.

Partner's transferable interest

Investigation of the affairs of limited liability partnership

Application by partners for investigation

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

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

Production of documents and evidence

Seizure of documents by inspector

Inspector's report

Prosecution

Application for winding up of limited liability partnership

Proceedings for recovery of damages or property

Expenses of investigation

Inspector's report to be evidence

Conversion from firm into limited liability partnership

Conversion from private company into limited liability partnership

Conversion from unlisted public company into limited liability partnership

Registration and effect of conversion

Foreign limited liability partnerships

Compromise, or arrangement of limited liability partnerships

Power of Tribunal to enforce compromise or arrangement

Provisions for facilitating reconstruction or amalgamation of limited liability partnerships

Winding up and dissolution

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

Rules for winding up and dissolution

Business transactions of partner with limited liability partnership

Application of the provisions of the Companies Act

Electronic filing of documents

Payment of additional fee

Enhanced punishment

Application of other laws not barred

Jurisdiction of Tribunal and Appellate Tribunal

Penalty on non-compliance of any order passed by Tribunal

General penalties

Power of Registrar to strike defunct limited liability partnership off register

Offences to limited liability partnerships

Jurisdiction of Court

Power to alter Schedules

Power to make rules

Power to remove difficulties

Transitional provisions

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

CONVERSION FROM FIRM INTO LIMITED LIABILITY PARTNERSHIP

CONVERSION FROM PRIVATE COMPANY INTO LIMITED LIABILITY PARTNERSHIP

CONVERSION FROM UNLISTED PUBLIC COMPANY INTO LIMITED LIABILITY PARTNERSHIP