An Act to make provisions for the formation and regulation of limited liability partnerships and for matters connected therewith or incidental thereto.
The Limited Liability Partnership Act, 2008 has 88 sections in 14 chapters, amended 6 times. Each link below opens the official text of that section. Official PDF on India Code.
The Limited Liability Partnership Act, 2008 PDF
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Official copy of the Act from India Code (Legislative Department, Government of India).
All sections of the Limited Liability Partnership Act, 2008
Chapter I: PRELIMINARY
Chapter II: 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 and 9
Chapter III: 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 – Rectification of name of limited liability partnership
- Section 18 – Omitted (omitted/repealed)
- 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
Chapter IV: 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
Chapter V: 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
Chapter VI: CONTRIBUTIONS
- Section 32 – Form of contribution
- Section 33 – Obligation to contribute
Chapter VII: FINANCIAL DISCLOSURES
- Section 34 – Maintenance of books of account, other records and audit, etc
- Section 34A – Accounting and auditing standards
- 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
Chapter VIII: ASSIGNMENT AND TRANSFER OF PARTNERSHIP RIGHTS
- Section 42 – Partner’s transferable interest
Chapter IX: 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
Chapter X: 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
Chapter XI: FOREIGN LIMITED LIABILITY PARTNERSHIPS
- Section 59 – Foreign limited liability partnerships
Chapter XII: 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
Chapter XIII: 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
Chapter XIV: MISCELLANEOUS
- Section 66 – Business transactions of partner with limited liability partnership
- Section 67 – Application of the provisions of the Companies Act
- Section 67A – Establishment of Special Courts
- Section 67B – Procedure and powers of Special Court
- Section 67C – Appeal and revision
- Section 68 – Electronic filing of documents
- Section 68A – Registration offices
- 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 – Omitted (omitted/repealed)
- 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 76A – Adjudication of penalties
- Section 77 – Jurisdiction of Courts
- Section 77A – Cognizance of offences
- Section 78 – Power to alter Schedules
- Section 79 – Power to make rules
- Section 80 – Power to remove difficulties
- Section 81 – Omitted (omitted/repealed)