Limited Liability Partnership Law and Practice

Limited Liability Partnership: Law & Practice is a comprehensive commentary on the law of and rules for setting up and regulate limited liability partnership in India—the Limited Liability Partnership Act 2008 (Act No 6 of 2009). The book provides a section by section explanation and comments on statutory provisions of the LLP Act 2008 and practice hints for professionals. The book has been structured in four parts for easy reference and access to content. Part I explains the LLP Act at a glance and reference tables for forms to be used, comparison of LLP with firms and companies and penalties under the LLP Act. Part II provides an overview of LLPs in India and foreign countries. Part III gives a section-wise commentary of the LLP Act, 2008 divided into 14 well written chapters along with relevant rules etc. Part IV gives the text of the LLP Rules, Forms, relevant provisions of other Acts, extracts from expert committee reports, fees, etc. Detailed commentary on the statutory provisions has been provided. The chapters are based on the scheme of the LLP Act. Rules and Forms are explained along with relevant sections for ease of reference. Foreign LLPs are explained separately. The commentary includes explanation of similar provisions of the Companies Act 1956. Cross references to other provisions of LLP Act, Companies Act and Partnership Act, etc, have also been given. Practice hints for filling forms and secretarial compliances have been provided. Indian and foreign decided case laws in the subject are included to support the commentary. Reference has also been made to similar provisions in foreign Acts. This is a user-friendly book authored by subject experts, keeping in mind professionals and LLPs.