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Both houses of Parliament has approved the LLP Amendment Bill, 2021. Finally, the same got the approval of the President of India on 13th August 2021 and became the LLP Amendment Act, 2021. This is Act no. 31 of 2021. This Amendment Act shall amend the LLP Act, 2008. 

Section wise Impact of LLP Amendment Act, 2021

S.NO

Section of The LLP Act, 2008

Section Name in LLP Act, 2008

Section wise Effect

New Section Insertion

1

Section-1

Short title and commencement

   

2

Section-1

Short title and commencement

Subsituted

 

3

Section-2

Definitions

Subsituted

 

4

Section-7

Designated Partner

Subsituted

 

5

Section-10

Punishment for Contravention of Section -7,8 and 9

Figure 8 shall be omitted

 

6

Section-13

Registered office of LLP and change therein

Subsituted

 

7

Section-15

Name of LLP

Subsituted

 

8

section-17

Change of Name of LLP

Subsituted

 

9

Section-18

Application for direction to change name in certain circumstances

omitted

 

10

Section-21

Publication of name and Limited Liability

Subsituted

 

11

Section-25

Registration of changes in partners

Subsituted

 

12

Section-30

Unlimited Liability in case of fraude

Subsituted

 

13

Section-34

Maintanance of books of accounts, other records and audit, etc.

Subsituted

 

14

Section-34

Maintanance of books of accounts, other records and audit, etc

Inserted

Section-34A

15

Section-35

Annual Return

Subsituted

 

16

Section-39

Compounding of offences

Subsituted

 

17

Section-60

Compromise, or arrangement of LLP

Subsituted

 

18

Section-62

Provisions for facilitating reconstruction or amalgamation of LLP

Subsituted

 

19

Section-67

Application of provision of Companies Act

Inserted

Section -67A, 67B and 67C

20

Section-68

Electronic Filling of documents

Inserted

Section-68A

21

Section-69

Payment of additional fee

Subsituted

 

22

Section-72

Jurisdiction of tribunal and appellate tribunal

Subsituted

 

23

Section-73

Penalty on non compliance of any order passed by tribunal

omitted

 

24

Section-74

General Penalty

Subsituted

 

25

Section-76

Offences by LLP

Instered

Section-76A

26

Section-77

Jurisdiction of Court

Subsituted

 

27

Section-79

Power to make rules

Subsituted

 

28

Section-80

Power to remove difficulties

Instered

Section-80(1A)

29

Section-81

Transitional provisions

omitted

 
 
 
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Category Corporate Law, Other Articles by - CS Divesh Goyal 



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