Limited Liability Partnership Act, 2008

Section - 1 - Short title, extent and commencement

Section - 2 - Definitions

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

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 - 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 - 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

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 - 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 - 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 by 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 - Transitional provisions

First Schedule - 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

Second Schedule - CONVERSION FROM FIRM INTO LIMITED LIABILITY PARTNERSHIP

Third Schedule - CONVERSION FROM PRIVATE COMPANY INTO LIMITED LIABILITY PARTNERSHIP

Fourth Schedule - CONVERSION FROM UNLISTED PUBLIC COMPANY INTO LIMITED LIABILITY PARTNERSHIP

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