Limited Liability Partnership

Book Details

Contents at a Glance

Foreword-Injeti Srinivas, I.A.S. Secretary, MCA (2019)	iii
Foreword-Dr. M. Veerappa Moily, Union Minister of Corporate Affairs (2012)	v
Foreword-D.K. Mittal, I.A.S., Secretary, MCA (2011)	vii
Foreword- Sh. Ajay Vohra, Senior Advocate	ix
Foreword-CMA Sanjay Gupta, President, ICWAI (2018)	xi
Message-O.P. Vaish, Senior Advocate	xiii
Message- Sh. D. S. Rawat, Secretary General, ASSOCHAM	xv
Message-Smt. Renuka Kumar, I.A.S., Joint Secretary, MCA (2012)	xvii
Preface	xix
Author’s Profile	xxiii
Detailed Contents	xxxi

Part I

LLP Act – Section-wise Analysis

Chapter 1 Preliminary	3
Chapter 2 Nature of Limited Liability Partnership	37
Chapter 3 Incorporation of Limited Liability Partnership and Matters Incidental Thereto	68
Chapter 4 Partners and Their Relations	98
Chapter 5 Extent and Limitation of Liability of Limited Liability Partnership and Partners	116
Chapter 6 Contributions	129
Chapter 7 Financial Disclosures	139
Chapter 8 Assignment and Transfer of Partnership Rights	175
Chapter 9 Investigation	182
Chapter 10 Conversion into Limited Liability Partnerships	201
Chapter 11 Foreign Limited Liability Partnerships	222
Chapter 12A Compromise, Arrangement, or Reconstruction of Limited Liability Partnerships	243
Chapter 12B Inability to Pay Debts	277
Chapter 13 Winding-up and Dissolution	288
Chapter 14 Miscellaneous	473

Part II

LLP – Specific Issues

Chapter 15 Company versus LLP : A Comparison	545
Chapter 16 Partnership Firm versus LLP : A Comparison	562
Chapter 17 Taxation of Limited Liability Partnerships	572
Chapter 18 Limited Liability Partnerships – A Global Comparison	606
Chapter 19 Foreign Direct Investment in Limited Liability Partnerships	636
Chapter 20 Overseas Investment by Limited Liability Partnerships	672
Chapter 21 Limited Liability Partnerships by and amongst Professionals, viz,CAs, CSs, CWAs	691

Part III

LLP Procedures and Practical Issues

Chapter 22 Incorporation of a LLP	771
Chapter 23 Model Limited Liability Partnership Agreement	783
Chapter 24 Change in Partners / Particulars of Partners	817
Chapter 25 Change of Registered Office of the LLP	820
Chapter 26 Change(s) in the LLP Agreement	823
Chapter 27 Conversion of a Partnership Firm into Limited Liability Partnership	824
Chapter 28 Conversion of a Private Company into Limited Liability Partnership	832
Chapter 29 Conversion of an Unlisted Public Company into Limited Liability Partnership	839
Chapter 30 Registration /Conversion of a Limited Liability Partnership as a ‘Company’ under the Companies Act, 2013	847
Chapter 31 Limited Liability Partnership - An Eligible Start-up Entity	855
Chapter 32 Admission of Limited Liability Partnership as Member of Stock Exchange(s)	870
Chapter 33 Admission of Limited Liability Partnership as an Insurance Broker	875
Chapter 34 Ready Reckoner – Penal Provisions under the LLP Act	879
Chapter 35 LLP Settlement Scheme, 2020	914

Part IV

Ready Reckoner - Penal Provisions under the LLP Act

Chapter 36 LLP Amnesty Scheme, 2023	938
Chapter 37 FAQs on Integration of LLP with MCA 21 System	940
Chapter 38 LLP E-Filing - FAQs	951
Chapter 39 Frequently Asked Questions - MCA V3	952

Part V

Act, Rules and Forms

Appendix 1 The Limited Liability Partnership Act, 2008	989
Appendix 2 The Limited Liability Partnership (Amendment) Act, 2021	1050
Appendix 3 The Limited Liability Partnership Rules, 2009	1091
Appendix 4 The Limited Liability Partnership (Winding-Up and Dissolution) Rules, 2012	1278
Appendix 5 The Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023	1491
Appendix 6 MCA Notifications and Circulars	1553

About the Author

Hitender Mehta

Mr. Hitender Mehta, FCS, FCA, LLB, is Managing Partner of CENTRUM LEGAL, a corporate legal advisory firm headquartered in Gurugram,India. Advisor to many Indian and multinational companies, his practice areas include corporate laws, Insolvency & Bankruptcy Code, foreign exchange laws, cyber laws, labour and industrial laws, special economic zones, real estate and corporate dispute resolution. He has been advising on legal compliance management, business structuring, giving opinions on complex legal issues and conducting legal due diligence exercises to facilitate business acquisitions, strategic business partnerships, joint ventures, etc.

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