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Home Acts & Rules LLP Act Limited Liability Partnership Act, 2008 Chapters List This

Limited Liability Partnership Act, 2008

Chapter: I
Preliminary
Section 1 : Short title, extent and commencement
Section 2 : Definitions
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
Section 7 : Designated partners
Section 8 : Liabilities of designated partners
Section 9 : Changes in designated partners
Section 10 : Punishment for contravention of sections 7 and 9
Chapter: III
Incorporation of limited liability partnership and matters incidental thereto
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 : Rectification of name of limited liability partnership
Section 18 : Omitted
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
Chapter: IV
Partners and their relations
Section 22 : Eligibility to be partners
Section 23 : Relationship of partners
Section 24 : Cessation of partnership interest
Section 25 : Registration of changes in partners
Chapter: V
Extent and limitation of liability of limited liability partnership and 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
Chapter: VI
Contributions
Section 32 : Form of contribution
Section 33 : Obligation to contribute
Chapter: VII
Financial disclosures
Section 34 : Maintenance of books of account, other records and audit, etc.
Section 34A : Accounting and auditing standards
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.
Chapter: VIII
Assignment and transfer of partnership rights
Section 42 : Partner's transferable interest
Chapter: IX
Investigation
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
Chapter: X
Conversion to limited liability partnership
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
Chapter: XI
Foreign limited liability partnerships
Section 59 : Foreign limited liability partnerships
Chapter: XII
Compromise, arrangement or reconstruction of 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
Chapter: XIII
Winding up and dissolution
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
Chapter: XIV
Miscellaneous
Section 66 : Business transactions of partner with limited liability partnership
Section 67 : Application of the provisions of the Companies Act
Section 67A : Establishment of Special Courts
Section 67B : Procedure and powers of Special Court
Section 67C : Appeal and revision
Section 68 : Electronic filing of documents
Section 68A : Registration offices
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 : Omitted
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 76A : Adjudication of penalties
Section 77 : Jurisdiction of Courts
Section 77A : Cognizance of offences
Section 78 : Power to alter Schedules
Section 79 : Power to make rules
Section 80 : Power to remove difficulties
Section 81 : Omitted
Schedules
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
 
 
 

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