Advantages of LLP
· Chapter
The Limited Liability Partnership Act, 2008
53 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
All lessons
1
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2
Cessation of Partnership Interest
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3
Change of Name of LLP — Direction by Central Government (Section 17)
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4
Characteristics of LLP
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5
Characteristics of an LLP (Section 3 and allied provisions)
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6
Compounding of Offences
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7
Compounding of Offences (Section 39)
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8
Compromise or Arrangement of LLP (Section 60)
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9
Compromise, Arrangement and Reconstruction/Amalgamation of LLP
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10
Contributions by Partners (Sections 32-33)
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11
Conversion into LLP
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12
Conversion into LLP (Sections 55, 56, 57, 58)
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13
Designated Partners (Sections 7 to 10)
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14
Designated Partners — Concept, Eligibility & Appointment (Section 7)
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15
Difference between LLP and Limited Liability Company
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16
Difference between LLP and Partnership Firm
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17
Extent and Limitation of Liability (Sections 26-30)
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18
Financial Disclosures — BOA, Statement of Account & Solvency, Annual Return
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19
Financial Year of an LLP [Section 2(1)]
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20
Foreign LLP — Definition & Regulation (Sections 2(m) & 59)
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21
Foreign Limited Liability Partnerships
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22
Incorporation Document, Statement & Effect of Registration (Sections 11, 12 & 14)
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23
Incorporation Process — Name Reservation (Sections 15 & 16)
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24
Incorporation of LLP (Sections 11-14)
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25
Inspection of Documents kept by Registrar
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26
Interplay with Other Laws — Non-Applicability of Partnership Act & Conditional Application of Companies Act (Sections 4 & 67)
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27
Introduction to LLP
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28
Introduction, Enactment Background and Structure of the LLP Act, 2008
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29
Key Definitions under the LLP Act, 2008 [Section 2]
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30
LLP Agreement (Section 23) and the First Schedule Default Rules
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31
Liabilities of Designated Partners & Filling Vacancies (Sections 8 & 9)
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32
Meaning, Concept and Hybrid Nature of LLP [Section 2(n)]
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33
Miscellaneous Provisions (Sections 66, 68, 68A, 69)
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34
Miscellaneous Provisions and Repeat Offences
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35
Number of Partners & Consequence of Reduction (Section 6)
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36
Partner's Transferable Interest
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37
Partner's Transferable Interest (Section 42)
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38
Partners of LLP (Sections 5, 6, 22)
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39
Penalty for False Statement
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40
Power of Registrar to Obtain Information
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41
Power of Tribunal to Enforce Compromise (Section 61)
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42
Punishment for Contravention of Sections 7 and 9 (Section 10)
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43
Reconstruction or Amalgamation of LLPs (Section 62)
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44
Registered Office & Service of Documents (Section 13)
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45
Registration of Changes in Particulars of Partners
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46
Relationship of Partners (Section 23)
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47
Reservation and Change of Name of LLP (Sections 15-17)
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48
Small Limited Liability Partnership
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49
Small Limited Liability Partnership [Section 2(ta)]
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50
Whistle Blowing under LLP Act
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51
Who Can Be a Partner — Individuals & Bodies Corporate (Section 5)
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52
Winding Up and Dissolution of LLP
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53
Winding Up and Dissolution of LLP (Sections 63, 64, 65)
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