LLP Law Manual

This book is a guide to India’s legal framework and compliance requirements for Limited Liability Partnerships (LLPs). This comprehensive manual offers detailed coverage of the Limited Liability Partnership Act, 2008, as amended by the Limited Liability Partnership (Amendment) Act, 2021, along with related rules, circulars, notifications, and foreign investment provisions.

It is an essential resource for legal practitioners, corporate professionals, academicians, and anyone involved in LLP formation and governance.

The Present Publication is the 14th Edition | 2025 and is amended up to 25th November 2024. It covers the amended and updated text of LLP laws, including:

Limited Liability Partnership Act
Text of the Limited Liability Partnership Act, 2008, as amended by the Limited Liability Partnership (Amendment) Act, 2021
Limited Liability Partnership (Amendment) Act, 2021
Limited Liability Partnership Rules
Limited Liability Partnership Rules, 2009, as amended to date
Limited Liability Partnership (Winding Up and Dissolution) Rules, 2012, detailing procedures for winding up and dissolving LLPs
Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023, addressing compliance obligations related to beneficial ownership
Circulars and Notifications
Texts of all significant circulars and notifications issued under the LLP framework
Foreign Direct Investment (FDI) in LLPs
Relevant extracts from the FDI Policy Circular No. DPIIT Circular F. No. 5(2)/2020-FDI Policy, dated 15-10-2020
Rules and provisions from the Foreign Exchange Management (Non-Debt Instruments) Rules, 2019, including Rules 2(af), 6, and Schedule VI
Guide/Short Commentary on the LLP Act (30+ Pages), including:
Formation and Incorporation of LLPs
Rights and Duties of Partners
Compliance Requirements
Winding Up and Dissolution Procedures
Role and Responsibilities of Significant Beneficial Owners
Offences, Penalties, and Dispute Resolution
Provisions Related to Foreign Investment in LLPs