| SECTIONS | Limited Liability Partnership Act, 2008 |
| | |
| | Preamble |
| | |
| | CHAPTER I: PRELIMINARY |
| 1. | Short title, extent and commencement |
| 2. | Definitions |
| | |
| | CHAPTER II: NATURE OF LIMITED LIABILITY PARTNERSHIP |
| 3. | Limited liability partnership to be body corporate |
| 4. | Non-applicability of the Indian Partnership Act, 1932 |
| 5. | Partners |
| 6. | Minimum number of partners |
| 7. | Designated partners |
| 8. | Liabilities of designated partners |
| 9. | Changes in designated partners |
| 10. | Punishment for contravention of sections 7, 8 and 9 |
| | |
| | CHAPTER III: INCORPORATION OF LIMITED LIABILITY PARTNERSHIP AND MATTERS INCIDENTAL THERETO |
| 11. | Incorporation document |
| 12. | Incorporation by registration |
| 13. | Registered office of limited liability partnership and change therein |
| 14. | Effect of registration |
| 15. | Name |
| 16. | Reservation of name |
| 17. | Change of name of limited liability partnership |
| 18. | Application for direction to change name in certain circumstances |
| 19. | Change of registered name |
| 20. | Penalty for improper use of words "limited liability partnership" or "LLP" |
| 21. | Publication of name and limited liability |
| | |
| | CHAPTER IV: PARTNERS AND THEIR RELATIONS |
| 22. | Eligibility to be partners |
| 23. | Relationship of partners |
| 24. | Cessation of partnership interest |
| 25. | Registration of changes in partners |
| | |
| | CHAPTER V: EXTENT AND LIMITATION OF LIABILITY OF LIMITED LIABILITY PARTNERSHIP AND PARTNERS |
| 26. | Partner as agent |
| 27. | Extent of liability of limited liability partnership |
| 28. | Extent of liability of partner |
| 29. | Holding out |
| 30. | Unlimited liability in case of fraud |
| 31. | Whistle blowing |
| | |
| | CHAPTER VI: CONTRIBUTIONS |
| 32. | Form of contribution |
| 33. | Obligation to contribute |
| | |
| | CHAPTER VII: FINANCIAL DISCLOSURES |
| 34. | Maintenance of books of account, other records and audit, etc |
| 35. | Annual return |
| 36. | Inspection of documents kept by Registrar |
| 37. | Penalty for false statement |
| 38. | Power of Registrar to obtain information |
| 39. | Compounding of offences |
| 40. | Destruction of old records |
| 41. | Enforcement of duty to make returns, etc |
| | |
| | CHAPTER VIII: ASSIGNMENT AND TRANSFER OF PARTNERSHIP RIGHTS |
| 42. | Partner's transferable interest |
| | |
| | CHAPTER IX: INVESTIGATION |
| 43. | Investigation of the affairs of limited liability partnership |
| 44. | Application by partners for investigation |
| 45. | Firm, body corporate or association not to be appointed as inspector |
| 46. | Power of inspectors to carry out investigation into affairs of related entities, etc |
| 47. | Production of documents and evidence |
| 48. | Seizure of documents by inspector |
| 49. | Inspector's report |
| 50. | Prosecution |
| 51. | Application for winding up of limited liability partnership |
| 52. | Proceedings for recovery of damages or property |
| 53. | Expenses of investigation |
| 54. | Inspector's report to be evidence |
| | |
| | CHAPTER X: CONVERSION INTO LIMITED LIABILITY PARTNERSHIP |
| 55. | Conversion from firm into limited liability partnership |
| 56. | Conversion from private company into limited liability partnership |
| 57. | Conversion from unlisted public company into limited liability partnership |
| 58. | Registration and effect of conversion |
| | |
| | CHAPTER XI: FOREIGN LIMITED LIABILITY PARTNERSHIPS |
| 59. | Foreign limited liability partnerships |
| | |
| | CHAPTER XII: COMPROMISE, ARRANGEMENT OR RECONSTRUCTION OF LIMITED LIABILITY PARTNERSHIPS |
| 60. | Compromise, or arrangement of limited liability partnerships |
| 61. | Power of Tribunal to enforce compromise or arrangement |
| 62. | Provisions for facilitating reconstruction or amalgamation of limited liability partnerships |
| | |
| | CHAPTER XIII: WINDING UP AND DISSOLUTION |
| 63. | Winding up and dissolution |
| 64. | Circumstances in which limited liability partnership may be wound up by Tribunal |
| 65. | Rules for winding up and dissolution |
| | |
| | CHAPTER XIV: MISCELLANEOUS |
| 66. | Business transactions of partner with limited liability partnership |
| 67. | Application of the provisions of the Companies Act |
| 68. | Electronic filing of documents |
| 69. | Payment of additional fee |
| 70. | Enhanced punishment |
| 71. | Application of other laws not barred |
| 72. | Jurisdiction of Tribunal and Appellate Tribunal |
| 73. | Penalty on non-compliance of any order passed by Tribunal |
| 74. | General penalties |
| 75. | Power of Registrar to strike defunct limited liability partnership off register |
| 76. | Offences to limited liability partnerships |
| 77. | Jurisdiction of Court |
| 78. | Power to alter Schedules |
| 79. | Power to make rules |
| 80. | Power to remove difficulties |
| 81. | Transitional provisions |
| | |
| | FIRST SCHEDULE |
| | SECOND SCHEDULE |
