Limited Liability Partnership Bill, 2008

Clause 1	:	Short title, extent and commencement
Clause 2	:	Definitions
Clause 3	:	Limited liability partnership to be body corporate
Clause 4	:	Non-applicability of the Indian Partnership Act, 1932
Clause 5	:	Partners
Clause 6	:	Minimum number of partners
Clause 7	:	Designated partners
Clause 8	:	Liabilities of designated partners
Clause 9	:	Changes in designated Partners
Clause 10	:	Punishment for contravention of section 7, 8 and 9
Clause 11	:	Incorporation document
Clause 12	:	Incorporation by registration
Clause 13	:	Registered office of limited liability partnership and change therein
Clause 14	:	Effect of registration
Clause 15	:	Name
Clause 16	:	Reservation of name
Clause 17	:	Change of name of limited liability partnership
Clause 18	:	Application for direction to change name in certain circumstances
Clause 19	:	Change of registered name
Clause 20	:	Penalty for improper use of words "limited liability partnership" or "LLP"
Clause 21	:	Publication of name and limited liability
Clause 22	:	Eligibility to be partners
Clause 23	:	Relationship of partners
Clause 24	:	Cessation of partnership interest
Clause 25	:	Registration of changes in partners
Clause 26	:	Partner as agent
Clause 27	:	Extent of liability of limited liability partnership
Clause 28	:	Extent of liability of partner
Clause 29	:	Holding out
Clause 30	:	Unlimited liability in Case of fraud
Clause 31	:	Whistle blowing
Clause 32	:	Form of contribution
Clause 33	:	Obligation to contribute
Clause 34	:	Maintenance of books of account, other records and audit, etc.
Clause 35	:	Annual return
Clause 36	:	Inspection of documents kept by Registrar
Clause 37	:	Penalty for false statement
Clause 38	:	Power of Registrar to obtain information
Clause 39	:	Compounding of offences
Clause 40	:	Destruction of old records
Clause 41	:	Enforcement of duty to make returns, etc.
Clause 42	:	Partner's transferable interest
Clause 43	:	Investigation of the affairs of limited liability partnership
Clause 44	:	Application by partners for investigation
Clause 45	:	Firm, body corporate or association not to be appointed as inspector
Clause 46	:	Power of Inspectors to carry out investigation into affairs of related entities, etc.
Clause 47	:	Production of documents and evidence
Clause 48	:	Seizure of documents by inspector
Clause 49	:	Inspector's report
Clause 50	:	Prosecution
Clause 51	:	Application for winding up of limited liability partnership
Clause 52	:	Proceedings for recovery of damages or property
Clause 53	:	Expenses of investigation
Clause 54	:	Inspector's report to be evidence
Clause 55	:	Conversion from firm into limited liability partnership
Clause 56	:	Conversion from private company into limited liability partnership
Clause 57	:	Conversion from unlisted public company into limited liability partnership
Clause 58	:	Registration and effect of conversion
Clause 59	:	Foreign limited liability partnership
Clause 60	:	Compromise, or arrangement of limited partnerships
Clause 61	:	Power of Tribunal to enforce compromise or arrangement
Clause 62	:	Provisions for facilitating reconstruction or amalgamation of limited liability partnerships
Clause 63	:	Winding up and dissolution
Clause 64	:	Circumstances in which limited liability partnership may be wound up by Tribunal
Clause 65	:	Rules for winding up and dissolution
Clause 66	:	Business transactions of partner with limited liability partnership
Clause 67	:	Application of the provision of the Companies Act
Clause 68	:	Electronic filing of documents
Clause 69	:	Payment addition
Clause 70	:	Enhanced punishment
Clause 71	:	Application of other law not barred
Clause 72	:	Jurisdiction of Tribunal and Appellate Tribunal
Clause 73	:	Penalty or non-compliance of any order passed by Tribunal
Clause 74	:	General penalties
Clause 75	:	Power of Registrar to strike defunct limited liability partnership off register
Clause 76	:	Offences by limited partnerships
Clause 77	:	Jurisdiction of Court
Clause 78	:	Power to alter Schedules
Clause 79	:	Power to make rules
Clause 80	:	Power to remove difficulties
Clause 81	:	Transitional provisions
MEMORANDUM	:	MEMORANDUM REGARDING DELEGATED LEGISLATION
Notes	:	Notes on clauses
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
STATEMENT	:	STATEMENT OF OBJECTS AND REASONS