Act 6 of 2009

The Limited Liability Partnership Act, 2008

An Act to make provisions for the formation and regulation of limited liability partnerships and for matters connected therewith or incidental thereto.

  • Ministry of Corporate Affairs
  • Enacted 2009-01-07
  • 88 sections
SectionTitle
1 Short title, extent and commencement. Read
2 Definitions. Read
3 Limited liability partnership to be body corporate. Read
4 Non-applicability of the Indian Partnership Act, 1932. Read
5 Partners. Read
6 Minimum number of partners. Read
7 Designated partners. Read
8 Liabilities of designated partners. Read
9 Changes in designated partners. Read
10 Punishment for contravention of sections 7 and 9.Read
11 Incorporation document. Read
12 Incorporation by registration. Read
13 Registered office of limited liability partnership and change therein. Read
14 Effect of registration. Read
15 Name. Read
16 Reservation of name. Read
17 Rectification of name of limited liability partnership.Read
18 Omitted.Read
19 Change of registered name. Read
20 Penalty for improper use of words "limited liability partnership" or "LLP". Read
21 Publication of name and limited liability. Read
22 Eligibility to be partners. Read
23 Relationship of partners. Read
24 Cessation of partnership interest. Read
25 Registration of changes in partners. Read
26 Partner as agent. Read
27 Extent of liability of limited liability partnership. Read
28 Extent of liability of partner. Read
29 Holding out. Read
30 Unlimited liability in case of fraud. Read
31 Whistle blowing. Read
32 Form of contribution. Read
33 Obligation to contribute. Read
34 Maintenance of books of account, other records and audit, etc. Read
34A Accounting and auditing standards.Read
35 Annual return. Read
36 Inspection of documents kept by Registrar. Read
37 Penalty for false statement. Read
38 Power of Registrar to obtain information. Read
39 Compounding of offences. Read
40 Destruction of old records. Read
41 Enforcement of duty to make returns, etc. Read
42 Partner's transferable interest. Read
43 Investigation of the affairs of limited liability partnership. Read
44 Application by partners for investigation. Read
45 Firm, body corporate or association not to be appointed as inspector. Read
46 Power of inspectors to carry out investigation into affairs of related entities, etc. Read
47 Production of documents and evidence. Read
48 Seizure of documents by inspector. Read
49 Inspector's report. Read
50 Prosecution. Read
51 Application for winding up of limited liability partnership. Read
52 Proceedings for recovery of damages or property. Read
53 Expenses of investigation. Read
54 Inspector's report to be evidence. Read
55 Conversion from firm into limited liability partnership. Read
56 Conversion from private company into limited liability partnership. Read
57 Conversion from unlisted public company into limited liability partnership. Read
58 Registration and effect of conversion. Read
59 Foreign limited liability partnerships. Read
60 Compromise, or arrangement of limited liability partnerships. Read
61 Power of Tribunal to enforce compromise or arrangement. Read
62 Provisions for facilitating reconstruction or amalgamation of limited liability partnerships. Read
63 Winding up and dissolution. Read
64 Circumstances in which limited liability partnership may be wound up by Tribunal. Read
65 Rules for winding up and dissolution. Read
66 Business transactions of partner with limited liability partnership. Read
67 Application of the provisions of the Companies Act. Read
67A Establishment of Special Courts.Read
67B Procedure and powers of Special Court.Read
67C Appeal and revision.Read
68 Electronic filing of documents. Read
68A Registration offices.Read
69 Payment of additional fee. Read
70 Enhanced punishment. Read
71 Application of other laws not barred. Read
72 Jurisdiction of Tribunal and Appellate Tribunal. Read
73 Omitted.Read
74 General penalties. Read
75 Power of Registrar to strike defunct limited liability partnership off register. Read
76 Offences to limited liability partnerships. Read
76A Adjudication of penalties.Read
77 Jurisdiction of Courts.Read
77A Cognizance of offences.Read
78 Power to alter Schedules. Read
79 Power to make rules. Read
80 Power to remove difficulties. Read
81 Omitted.Read
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