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In force

The Limited Liability Partnership Act, 2008

80 sections · As amended up to 2026-08

Sections

  1. XIV — MISCELLANEOUS
  2. 1Subs. by Act 31 of 2021, s. 2 for "the Companies Act, 1956 (1 of 1956)" (w.e.f. 1-4-2022)
  3. 2Conversion of company into a limited liability partnership
  4. 3Eligibility for conversion
  5. 4Statements to be filed
  6. 5Registration of conversion
  7. 6Registrar may refuse to register
  8. 7Effect of registration
  9. 8Registration in relation to property
  10. 9Pending proceedings
  11. 10Continuance of conviction, ruling, order or judgment
  12. 11Existing agreements
  13. 12Existing contracts, etc
  14. 13Continuance of employment
  15. 14Existing appointment, authority or power
  16. 15Application of paragraphs 7 to 14
  17. 16Notice of conversion in correspondence
  18. 17Notice of conversion in correspondence
  19. III — INCORPORATION OF LIMITED LIABILITY PARTNERSHIP AND MATTERS INCIDENTAL THERETO
  20. 19Change of registered name
  21. 20Penalty for improper use of words "limited liability partnership" or "LLP"
  22. 21Publication of name and limited liability
  23. IV — PARTNERS AND THEIR RELATIONS
  24. 22Eligibility to be partners
  25. 23Relationship of partners
  26. 24Cessation of partnership interest
  27. 25Registration of changes in partners
  28. V — EXTENT AND LIMITATION OF LIABILITY OF LIMITED LIABILITY PARTNERSHIP AND PARTNERS
  29. 26Partner as agent
  30. 27Extent of liability of limited liability partnership
  31. 28Extent of liability of partner
  32. 29Holding out
  33. 30Unlimited liability in case of fraud
  34. 31Whistle blowing
  35. VI — CONTRIBUTIONS
  36. 32Form of contribution
  37. 33Obligation to contribute
  38. VII — FINANCIAL DISCLOSURES
  39. 34Maintenance of books of account, other records and audit, etc
  40. 35Annual return
  41. 36Inspection of documents kept by Registrar
  42. 37Penalty for false statement
  43. 38Power of Registrar to obtain information
  44. 40Destruction of old records
  45. 41Enforcement of duty to make returns, etc
  46. VIII — ASSIGNMENT AND TRANSFER OF PARTNERSHIP RIGHTS
  47. 42Partner's transferable interest
  48. IX — INVESTIGATION
  49. 43Investigation of the affairs of limited liability partnership
  50. 44Application by partners for investigation
  51. 45Firm, body corporate or association not to be appointed as inspector
  52. 46Power of inspectors to carry out investigation into affairs of related entities, etc
  53. 47Production of documents and evidence
  54. 48Seizure of documents by inspector
  55. 49Inspector's report
  56. 50Prosecution
  57. 51Application for winding up of limited liability partnership
  58. 52Proceedings for recovery of damages or property
  59. 53Expenses of investigation
  60. 54Inspector's report to be evidence
  61. X — CONVERSION INTO LIMITED LIABILITY PARTNERSHIP
  62. 55Conversion from firm into limited liability partnership
  63. 56Conversion from private company into limited liability partnership
  64. 57Conversion from unlisted public company into limited liability partnership
  65. 58Registration and effect of conversion
  66. XI — FOREIGN LIMITED LIABILITY PARTNERSHIPS
  67. 59Foreign limited liability partnerships
  68. XII — COMPROMISE, ARRANGEMENT OR RECONSTRUCTION OF LIMITED LIABILITY PARTNERSHIPS
  69. 60Compromise, or arrangement of limited liability partnerships
  70. 61Power of Tribunal to enforce compromise or arrangement
  71. 62Provisions for facilitating reconstruction or amalgamation of limited liability partnerships
  72. XIII — WINDING UP AND DISSOLUTION
  73. 63Winding up and dissolution
  74. 64Circumstances in which limited liability partnership may be wound up by Tribunal
  75. 65Rules for winding up and dissolution
  76. XIV — MISCELLANEOUS
  77. 66Business transactions of partner with limited liability partnership
  78. 67Application of the provisions of the Companies Act
  79. 67AEstablishment of Special Courts
  80. 67BProcedure and powers of Special Court
  81. 67CAppeal and revision
  82. 68Electronic filing of documents
  83. 68ARegistration offices
  84. 70Enhanced punishment
  85. 71Application of other laws not barred
  86. 72Jurisdiction of Tribunal and Appellate Tribunal
  87. 75Power of Registrar to strike defunct limited liability partnership off register
  88. 76Offences to limited liability partnerships
  89. 77ACognizance of offences
  90. 78Power to alter Schedules
  91. 79Power to make rules
  92. 80Power to remove difficulties
  93. 81[