Kanoon
HQ
™
Nyaya AI
Workflows
Legal Gazette
Pricing
Security
English
en
English
हिन्दी
मराठी
தமிழ்
తెలుగు
ಕನ್ನಡ
বাংলা
Sign In
English
en
English
हिन्दी
मराठी
தமிழ்
తెలుగు
ಕನ್ನಡ
বাংলা
Legal Library
THE LIMITED LIABILITY PARTNERSHIP ACT, 2008
All Acts
THE LIMITED LIABILITY PARTNERSHIP ACT, 2008
ACT NO. 6 OF 2009 · Enacted [7th January, 2009.] · 81 sections
PRELIMINARY
Section 1.
Short title, extent and commencement.
Section 2.
Definitions.
NATURE OF LIMITED LIABILITY PARTNERSHIP
Section 3.
Limited liability partnership to be body corporate.
Section 4.
Non-applicability of the Indian Partnership Act, 1932.
Section 5.
Partners.
Section 6.
Minimum number of partners.
Section 7.
Designated partners.
Section 8.
Liabilities of designated partners.
Section 9.
Changes in designated partners.
Section 10.
Punishment for contravention of sections 7, 8 and 9.
INCORPORATION OF LIMITED LIABILITY PARTNERSHIP AND MATTERS INCIDENTAL THERETO
Section 11.
Incorporation document.
Section 12.
Incorporation by registration.
Section 13.
Registered office of limited liability partnership and change therein.
Section 14.
Effect of registration.
Section 15.
Name.
Section 16.
Reservation of name.
Section 17.
Change of name of limited liability partnership.
Section 18.
Application for direction to change name in certain circumstances.
Section 19.
Change of registered name.
Section 20.
Penalty for improper use of words “limited liability partnership” or “LLP”.
Section 21.
Publication of name and limited liability.
PARTNERS AND THEIR RELATIONS
Section 22.
Eligibility to be partners.
Section 23.
Relationship of partners.
Section 24.
Cessation of partnership interest.
Section 25.
Registration of changes in partners.
EXTENT AND LIMITATION OF LIABILITY OF LIMITED LIABILITY PARTNERSHIP AND PARTNERS
Section 26.
Partner as agent.
Section 27.
Extent of liability of limited liability partnership.
Section 28.
Extent of liability of partner.
Section 29.
Holding out.
Section 30.
Unlimited liability in case of fraud.
Section 31.
Whistle blowing.
CONTRIBUTIONS
Section 32.
Form of contribution.
Section 33.
Obligation to contribute.
FINANCIAL DISCLOSURES
Section 34.
Maintenance of books of account, other records and audit, etc.
Section 35.
Annual return.
Section 36.
Inspection of documents kept by Registrar.
Section 37.
Penalty for false statement.
Section 38.
Power of Registrar to obtain information.
Section 39.
Compounding of offences.
Section 40.
Destruction of old records.
Section 41.
Enforcement of duty to make returns, etc.
ASSIGNMENT AND TRANSFER OF PARTNERSHIP RIGHTS
Section 42.
Partner’s transferable interest.
INVESTIGATION
Section 43.
Investigation of the affairs of limited liability partnership.
Section 44.
Application by partners for investigation.
Section 45.
Firm, body corporate or association not to be appointed as inspector.
Section 46.
Power of inspectors to carry out investigation into affairs of related entities, etc.
Section 47.
Production of documents and evidence.
Section 48.
Seizure of documents by inspector.
Section 49.
Inspector’s report.
Section 50.
Prosecution.
Section 51.
Application for winding up of limited liability partnership.
Section 52.
Proceedings for recovery of damages or property.
Section 53.
Expenses of investigation.
Section 54.
Inspector’s report to be evidence.
CONVERSION INTO LIMITED LIABILITY PARTNERSHIP
Section 55.
Conversion from firm into limited liability partnership.
Section 56.
Conversion from private company into limited liability partnership.
Section 57.
Conversion from unlisted public company into limited liability partnership.
Section 58.
Registration and effect of conversion.
FOREIGN LIMITED LIABILITY PARTNERSHIPS
Section 59.
Foreign limited liability partnerships.
COMPROMISE, ARRANGEMENT OR RECONSTRUCTION OF LIMITED LIABILITY PARTNERSHIPS
Section 60.
Compromise, or arrangement of limited liability partnerships.
Section 61.
Power of Tribunal to enforce compromise or arrangement.
Section 62.
Provisions for facilitating reconstruction or amalgamation of limited liability partnerships.
WINDING UP AND DISSOLUTION
Section 63.
Winding up and dissolution.
Section 64.
Circumstances in which limited liability partnership may be wound up by Tribunal.
Section 65.
Rules for winding up and dissolution.
MISCELLANEOUS
Section 66.
Business transactions of partner with limited liability partnership.
Section 67.
Application of the provisions of the Companies Act.
Section 68.
Electronic filing of documents.
Section 69.
Payment of additional fee.
Section 70.
Enhanced punishment.
Section 71.
Application of other laws not barred.
Section 72.
Jurisdiction of Tribunal and Appellate Tribunal.
Section 73.
Penalty on non-compliance of any order passed by Tribunal.
Section 74.
General penalties.
Section 75.
Power of Registrar to strike defunct limited liability partnership off register.
Section 76.
Offences to limited liability partnerships.
Section 77.
Jurisdiction or Court.
Section 78.
Power to alter Schedules.
Section 79.
Power to make rules.
Section 80.
Power to remove difficulties.
Section 81.
Transitional provisions.