Limited Liability Partnership Act 2008

Appeal and revision The High Court may exercise, so far as may be applicable, all the powers conferred by Chapters XXIX and XXX of the Code of Criminal Procedure, 1973 on a High Court, as if a Special Court within the local limits of the jurisdiction of the High Court were a Court of Sessions […]

Procedure and powers of Special Court. (1) Notwithstanding anything contained in the Code of Criminal Procedure, 1973, all offences specified under sub-section (1) of section 67A shall be triable only by the Special Court established or designated for the area in which the registered office of the limited liability partnership is situated in relation to which the

Establishment of Special Courts. (1) The Central Government may, for the purpose of providing speedy trial of offences under this Act, by notification, establish or designate as many Special Courts as may be necessary for such area or areas, as may be specified in the notification. (2) The Special Court shall consist of— (a) a

Application of the provisions of the Companies Act (1) The Central Government may, by notification in the Official Gazette, direct that any of the provisions of 1[the Companies Act, 2013] specified in the notification (a) shall apply to any limited liability partnership; or (b) shall apply to any limited liability partnership with such exception, modification and adaptation, as may be

Business transactions of partner with limited liability partnership A partner may lend money to and transact other business with the limited liability partnership and has the same rights and obligations with respect to the loan or other transactions as a person who is not a partner. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax

Rules for winding up and dissolution The Central Government may make rules for the provisions in relation to winding up and dissolution of limited liability partnerships.

Circumstances in which limited liability partnership may be wound up by Tribunal This table simplifies the conditions under which the Tribunal can order the winding up of an LLP as per Section 64 of the LLP Act. Each provision outlines a specific scenario that triggers the Tribunal’s authority to initiate the winding-up process. Provision Circumstances

Winding up and dissolution The winding up of a limited liability partnership may be either voluntary or by the Tribunal and limited liability partnership, so wound up may be dissolved.

Provisions for facilitating reconstruction or amalgamation of limited liability partnerships (1) Where an application is made to the Tribunal under section 60 for sanctioning of a compromise or arrangement proposed between a limited liability partnership and any such persons as are mentioned in that section, and it is shown to the Tribunal that (a) compromise or arrangement has been proposed for the purposes

Power of Tribunal to enforce compromise or arrangement (1) Where the Tribunal makes an order under section 60 sanctioning a compromise or an arrangement in respect of a limited liability partnership, it (a) shall have power to supervise the carrying out of the compromise or an arrangement; and (b) may, at the time of making such order or at any