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