LLP Act 2008 Part 1

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FechuaeS of L1D_

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1 LLP is abodu- coaponate Sec 2d)
sepamade do aS xtns

ig:
Legal entity
LUP eqiste Undex thiscot
By LLP incoapenatea outsideIndia
9ozet A Conpany incompoa.ated Qutside Tndig
of CForelqn Company1
Centsal Bot Noes noi nclude
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govenerd Coapodaion Sol
Coapodcdion 5ocieu
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-nu othr boducopocte
Calot being- a Cornpan
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2 Perpehal DuccesSion
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LIP cam continve ts exis kepce mespeade


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8f change in ther paratex


Deccth Tnsanihy |Tnsalvert.
ig:

Applicablity SepanateLegal Eniiy


LLP may cordaacta hold propeatyin-
its OuOn nd me

3 Mutual HgeneyNo) o
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Alo pontnesa s lable fox an


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Followlhe river and will reach the sea.


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Urrauthoaised acttoon

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nArat unauthonised ofathe portners
Al petneTS ae Oqent of LP alone.
Shielded romjontaliabilih

4.Separate Leqat Ertty


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LLP 4 Pantnex S
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LP is liable to foll_extentof it
ha

assetss
Parhner Liabilih is ha
limited to_ ts
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coataibution
(edtogs of LP Temauin (editos alone
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Ageeeement
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5.ttP
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LPgovened by LLP agaeenment


T LIDaqseeroetis lent schedde T
i 0pplicable

6 Common Seal OU
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1 ig not mandata ald


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Maditation is the best Mode of worship.


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Maynhaue common sealCHOan)
presence odesigndted

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Aluoaus
Alwa6 used m
desiqnased
Paatnex Both preset comm on_Senl)

Patiiial Legal Perrson


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LIP s Creccted by lau legaloess
Activib Asonomnal peaSon
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Intendible. but plot kiioug
Caastinq asse
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LLP is dissolued by- laoegalaoss) ha


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Limited Ltabtity
mted
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Liabilihyf paztneas Aareed contaibution


free Consent
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LLP liability iam exdent assets


promote and fecilitate T pnotessiana
to Create

Nombe Parstner
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Minimom 2 maximum Unlimited


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Follow the river and will reach the sea.


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Deatet desiqnated Partnez 2

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C out_of shouldbe ndiaLn
Reaidend 100 Daus steu n India.
n pTevious

J0. Monagemeru Of Business


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PartnenS an manaoe Hhe business
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Desiqnated Paatne Responsibilit ot
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Lega
ha
cOmplicunce
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Buginee5 F Pfit Ordy
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LIP Business ddel oaly foa poit


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LLPis not elCreoute d.for NPO


ig:

12.Tnvegtiqation

Cerdac govesment has PaLoe o LLP.

13.Mevge nalgamate
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Eicten ce Exisence )O-)


ero
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HeD Hond
wnd
Mpation is the bost Mode of worship.
Honda
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LUP con merge OmolaCLmate
and
Cecodinq oiLLp Act 2o0

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central 90veanment appoval
Ministy of aCoapoaate Aais

t4.onvevtlon to
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Fim cOnveted
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.Put compCin
Public Co LIP
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Ulisted
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+5Eilinq f Documerd
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documents should be Hlledelectaonic


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AL
ally- fe-illed
Diqitcl eiqnahune aequi-ed
ig:

Siqnahse

16 Foveign LLP

LLPtincopos cde outside Tndic but


a

have place of business in Tndia


hit

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Fo eiqn LLP CAm be come Penthen in


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LLD

the sea.
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Follow the river and will reach


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Section Non Applicabilih of
Tndicn Pcatnexehip Bct

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a32
Provisionof TPA932 shal 'not
apply on LLD

See tion 5 sho cn become_ paatnea


n LLP_L Paather
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Any individual
Any Body Coaponate-
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Anu individual eeea ha


Conpony
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person_cun become. Indian UP.
pcatnen in LLD oreqn llp
existeoce of
dio

rept peson of wnsound


bve)neiss in
mind ,insoluent
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undischasqed Adiudicated 1ndia


Declare
ig:

no. of pantneas in
Secion 6:Minimum
LL
minimurnabi mwmberefzaPaatnes
in

LLP
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LL
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Mayimum
Mindmom
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NO Limjt
2 potnes Moditation is tho bost
Moda of worship
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Conditon hen miniouo no.pootneabeloLo

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tOnlyOne caybusiness oa
6mornths LLicbility ot LLP 1S 1TMIED|
AfHer 6 moYthi
Jhe. perSOn_who has knouoledoe of
FACT thot he Cu on LLP business
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ALONE Pesonally- Unlimited
LiableE Liabilit
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Section Desiqnated Potne
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DPIN ha
Designctel Pcratnes Tdentification Nonba.
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Designated Paatnex.
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2 individua muet be
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as Degiqnated Residend of
Pantne Tndio
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f m LL? all A person oho Stay


potnerS are biikin Idic during
bodycopoateaculan PrevioUS financicul yeca
d190 daysainesident
2 individval are of INDTAa
norninees aen
a

appoinded aS
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Designaded ParotmerScacaian
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20. 2aPu2149 Rauo P
DP Designad ed Perotn er

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CONDITJON Amendments MeA

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T Hae ncop.omdtion Dounnend

Speaftc 1|Speoifiescahoane designated


putners Such Penson aholbé
designauted puatneaa
one
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Fach orgent
Each of the pahoe oro time
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oith to me of Limited Uabilih Poratnenship
of Al iS cobe) desiqnated pentoea
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ha
n
TEState in incompomation document
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npome
tobe Poncdher oecorme L
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Cease
desiqnated paatner by- accondante
ithith the Pcqeement L paatmas
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ag3eement
mu cease o bea desiqnated
patnes
ig:

cConse
An indisidual shall not bbecome
PoDP
Aturr
a desiqnated paratner in any LP
undess he has qiven Piorconserzt

DP must|s|Ever shall ilecoth


a

be egisei 20hbcooh.
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Each poratner qive. his pioa


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Meditalion is the best Mode of worship,


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HndaYS consent for Desianted Patiner oithin
30
30 Days of

ig:
cppoinimen
Ful An
individual a ustsatisu all
aul coi oed condition.
Condition equized
and
fo
equizement
odesiqnated
tonich
pontner
s
for D Cpaescibed
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Section 11 TncoponaHon Document
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LLP to e ncorparate.
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Too se moae ha
peason_ agee fo
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Lawhl businessimincoapodation-
doument
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Ioco3poTation doconáent Pilled siqned


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Lith egisiacr oF Shate. in which


eaistesed office of LuP issitated
ig:

Loith prescaibed fe e.

Staden ent Lsith ncoapoacution documeni

staternert mus presabed fom


Stadement made byCAlcs 1cmAlLaoye
a

GHcdernen Pilled byall


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* Derson
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Follow the river and will reach the sea


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2 Incopotiom DDocoent ghalL be

ig:
Peatnenship Deed
Prescaibedfoam-
Name ofiuLp
Panp.osed Businees of P
Registeaed ofikeofLLD
lame add.aess of Each pondnd
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Name addaessof Decch designated
puatneq
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ame Addzess of LLP
AlL othex infoaaationcohich ecLs eq
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ha uned
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3. ine Pernalhyi

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CL DeSOn makes small falee


Statenment Shall
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Secion12 Incapoaaukion ByRaistaation


ig:

Section 12 CO: Reqishar coithin days

Restis st e he incasp0mcut ion document


ii ssue a incaapoT adtion .cedtificoute
ACoi th LLP Naa e
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L Lall1antaia
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Maditalion is tho bost Mode of worship.


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Section12 Ca Registocr accepStatemerd

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i) As suficied ewidence
) Legcu COompliaun.ces

Section C3) Cetificate issued unde


Sectioni12 Ci_Cb)
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HBy Signed Sealed
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)By Regisre
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Section2 CL) ha
ConclusiveEvidente
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S Ceztificate shoul be conclusive evidence
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thod LLP_hs incopoaated


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CendroiSed Sec 12 ncomporcuti.on b Registsation


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1)Registrec Loithin days


2) Accept stacdemend by egistoea
TsSve CL certiflcaute. siqned ,secued
) LL s incoponcuted
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Folfow the river and will reach the sea.


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