L_M24_Ch-12 Flashcards
[Sec.11 to Sec.17]
INCORPORATION OF LLP
[Sec.6]
Minimum number of Partners
[Sec. 7]
Designated Partners
[Sec. 8]
Liabilities of Designated Partners
[Sec. 9]
Changes in Designated Partners
[Sec. 10]
Punishment for contravention of sections 7 and 9
[Sec.11 to Sec.17]
INCORPORATION OF LLP
[Sec.11]
Incorporation Document
[Sec.12]
Incorporation by Registration
[Sec.13]
Registered Office of LLP and Change therein
[Sec.14]
Effect of registration
[Sec.15]
Name
[Sec.16]
Reservation of name
[Sec.17]
Rectification of name of LLP
[Sec.22 to Sec. 25]
PARTNERS AND THEIR RELATIONS
[Sec.22]
Eligibility to be partners
[Sec.23]
Relationship of partners
[Sec.24]
Cessation of partnership interest
[Sec.25]
Registration of changes in partners
[Sec.26 to Sec.31]
EXTENT AND LIMITATION OF LIABILITY OF LLP AND PARTNER
[Sec. 26]:
Partner as agent
[Sec. 27]
Extent of liability of LLP
[Sec. 28]
Extent of liability of partner
[Sec. 29]
Holding out
[Sec. 30]
Unlimited liability in case of fraud
[Sec. 31]
Whistle blowing
[Sec.32 & Sec.33]
CONTRIBUTIONS
[Sec.32]
Form of contribution
[Sec.33]
Obligation to contribute
[Sec.34 to Sec.39]
FINANCIAL DISCLOSURES
[Sec.34]
Maintenance Of Books Of Account, Other Records And Audit, Etc.
[Sec. 34A]
Accounting And Auditing Standards
[Sec.35]
Annual Return
[Sec.36]
Inspection Of Documents Kept By Registrar
[Sec.37]
Penalty For False Statement
[Sec. 38]
Power Of Registrar To Obtain Information
[Sec.39]
Compounding Of Offences
[SEC.42]
PARTNER’S TRANSFERABLE INTEREST
[Sec.60 to Sec.62]
COMPROMISE, ARRANGEMENT OR RECONSTRUCTION OF LIMITED LIABILITY PARTNERSHIPS
[Sec.60]
Compromise or arrangement of limited liability partnerships
[Sec. 61]
Power of Tribunal to enforce compromise or arrangement
[Sec.62]
Provisions for facilitating reconstruction or amalgamation of limited liability partnerships
[Sec. 55 to Sec.58]
CONVERSION INTO LLP
[Sec.55]:
Conversion from firm into LLP
[Sec.56]:
Conversion from private company into LLP
[Sec.57]:
Conversion from unlisted public company into LLP
[Sec.58]
Registration and effect of conversion
[Sec.59]
Foreign limited liability partnerships
[Sec.63 to Sec.65]
WINDING UP AND DISSOLUTION
[Sec.63]:
Winding up and dissolution
[Sec.64]:
Circumstances in which LLP may be wound be by Tribunal
[Sec.65]:
Rules for winding up and dissolution
[Sec.66 to Sec.70]
MISCELLANEOUS
[Sec.66]:
Business Transactions of Partner with LLP
[Sec.67]
Application of the Provisions of the Companies Act
[Sec. 69]
Payment of Additional Fee
[Sec. 70]
Enhanced Punishment
