Limited Liability Partnership Act, 2008

Section - 1 - Short title, extent and commencement

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Section - 2 - Definitions

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Section - 3 - Limited liability partnership to be body corporate

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Section - 4 - Non-applicability of the Indian Partnership Act, 1932

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Section - 5 - Partners

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Section - 6 - Minimum number of partners

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Section - 7 - Designated partners

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Section - 8 - Liabilities of designated partners

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Section - 9 - Changes in designated partners

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Section - 10 - Punishment for contravention of sections 7 [***] and 9

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Section - 11 - Incorporation document

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Section - 12 - Incorporation by registration

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Section - 13 - Registered office of limited liability partnership and change therein

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Section - 14 - Effect of registration

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Section - 15 - Name

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Section - 16 - Reservation of name

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Section - 17 - Rectification of name of limited liability partnership

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Section - 18 - Application for direction to change name in certain circumstances

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Section - 19 - Change of registered name

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Section - 20 - Penalty for improper use of words “limited liability partnership” or “LLP”

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Section - 21 - Publication of name and limited liability

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Section - 22 - Eligibility to be partners

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Section - 23 - Relationship of partners

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Section - 24 - Cessation of partnership interest

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Section - 25 - Registration of changes in partners

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Section - 26 - Partner as agent

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Section - 27 - Extent of liability of limited liability partnership

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Section - 28 - Extent of liability of partner

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Section - 29 - Holding out

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Section - 30 - Unlimited liability in case of fraud

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Section - 31 - Whistle blowing

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Section - 32 - Form of contribution

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Section - 33 - Obligation to contribute

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Section - 34 - Maintenance of books of account, other records and audit, etc.

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Section - 34A - Accounting and auditing standards

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Section - 35 - Annual return

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Section - 36 - Inspection of documents kept by Registrar

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Section - 37 - Penalty for false statement

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Section - 38 - Power of Registrar to obtain information

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Section - 39 - Compounding of offences

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Section - 40 - Destruction of old records

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Section - 41 - Enforcement of duty to make returns, etc

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Section - 42 - Partner’s transferable interest

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Section - 43 - Investigation of the affairs of limited liability partnership

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Section - 44 - Application by partners for investigation

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Section - 45 - Firm, body corporate or association not to be appointed as inspector

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Section - 46 - Power of inspectors to carry out investigation into affairs of related entities, etc

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Section - 47 - Production of documents and evidence

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Section - 48 - Seizure of documents by inspector

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Section - 49 - Inspector’s report

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Section - 50 - Prosecution

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Section - 51 - Application for winding up of limited liability partnership

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Section - 52 - Proceedings for recovery of damages or property

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Section - 53 - Expenses of investigation

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Section - 54 - Inspector’s report to be evidence

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Section - 55 - Conversion from firm into limited liability partnership

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Section - 56 - Conversion from private company into limited liability partnership

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Section - 57 - Conversion from unlisted public company into limited liability partnership

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Section - 58 - Registration and effect of conversion

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Section - 59 - Foreign limited liability partnerships

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Section - 60 - Compromise, or arrangement of limited liability partnerships

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Section - 61 - Power of Tribunal to enforce compromise or arrangement

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Section - 62 - Provisions for facilitating reconstruction or amalgamation of limited liability partnerships

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Section - 63 - Winding up and dissolution

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Section - 64 - Circumstances in which limited liability partnership may be wound up by Tribunal

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Section - 65 - Rules for winding up and dissolution

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Section - 66 - Business transactions of partner with limited liability partnership

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Section - 67 - Application of the provisions of the Companies Act

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Section - 67A - Establishment of Special Courts

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Section - 67B - Procedure and powers of Special Court

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Section - 67C - Appeal and revision

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Section - 68 - Electronic filing of documents

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Section - 68A - Registration offices

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Section - 69 - Payment of additional fee

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Section - 70 - Enhanced punishment

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Section - 71 - Application of other laws not barred

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Section - 72 - Jurisdiction of Tribunal and Appellate Tribunal

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Section - 73 - Penalty on non-compliance of any order passed by Tribunal

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Section - 74 - General penalties

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Section - 75 - Power of Registrar to strike defunct limited liability partnership off register

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Section - 76 - Offences by limited liability partnerships

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Section - 76A - Adjudication of penalties

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Section - 77 - Jurisdiction of Courts

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Section - 77A - Cognizance of offences

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Section - 78 - Power to alter Schedules

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Section - 79 - Power to make rules

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Section - 80 - Power to remove difficulties

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Section - 81 - Transitional provisions

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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

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Second Schedule - CONVERSION FROM FIRM INTO LIMITED LIABILITY PARTNERSHIP

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Third Schedule - CONVERSION FROM PRIVATE COMPANY INTO LIMITED LIABILITY PARTNERSHIP

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

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