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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.
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All lessons

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