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Start Free TrialAppropriation (Railways) No. 3 Act, 2008 Section 1
Title: Short Title
State: Central
Year: 2008
This Act may be called the Appropriation (Railways) No. 3 Act, 2008.
View Complete Act List Judgments citing this sectionLimited Liability Partnership Act 2008 Section 3
Title: Limited Liability Partnership to Be Body Corporate
State: Central
Year: 2008
(1) A limited liability partnership is a body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners. (2) A limited liability partnership shall have perpetual succession. (3) Any change in the partners of a limited liability partnership shall not affect the existence, rights or liabilities of the limited liability partnership.
View Complete Act List Judgments citing this sectionLimited Liability Partnership Act 2008 Section 15
Title: Name
State: Central
Year: 2008
(1) Every limited liability partnership shall have either the words "limited liability partnership" or the acronym "LLP" as the last words of its name. (2) No limited liability partnership shall be registered by a name which, in the opinion of the Central Government is -- (a) undesirable; or (b) identical or too nearly resembles to that of any other partnership firm or limited liability partnership or body corporate or a registered trade mark, or a trade mark which is the subject matter of an application for registration of any other person under the Trade Marks Act, 1999(47 of 1999).
View Complete Act List Judgments citing this sectionLimited Liability Partnership Act 2008 Section 14
Title: Effect of Registration
State: Central
Year: 2008
On registration, a limited liability partnership shall, by its name, be capable of-- (a) suing and being sued; (b) acquiring, owning, holding and developing or disposing of property, whether movable or immovable, tangible or intangible; (c) having a common seal, if it decides to have one; and (d) doing and suffering such other acts and things as bodies corporate may lawfully do and suffer.
View Complete Act List Judgments citing this sectionLimited Liability Partnership Act 2008 Section 8
Title: Liabilities of Designated Partners
State: Central
Year: 2008
Unless expressly provided otherwise in this Act, a designated partner shall be-- (a) responsible for the doing of all acts, matters and things as are required to be done by the limited liability partnership in respect of compliance of the provisions of this Act including filing of any document, return, statement and the like report pursuant to the provisions of this Act and as may be specified in the limited liability partnership agreement; and (b) liable to all penalties imposed on the limited liability partnership for any contravention of those provisions.
View Complete Act List Judgments citing this sectionLimited Liability Partnership Act 2008 Section 6
Title: Minimum Number of Partners
State: Central
Year: 2008
(1) Every limited liability partnership shall have at least two partners. (2) If at any time the number of partners of a limited liability partnership is reduced below two and the limited liability partnership carries on business for more than six months while the number is so reduced, the person, who is the only partner of the limited liability partnership during the time that it so carries on business after those six months and has the knowledge of the fact that it is carrying on business with him alone, shall be liable personally for the obligations of the limited liability partnership incurred during that period.
View Complete Act List Judgments citing this sectionLimited Liability Partnership Act 2008 Section 5
Title: Partners
State: Central
Year: 2008
Any individual or body corporate may be a partner in a limited liability partnership: Provided that an individual shall not be capable of becoming a partner of a limited liability partnership, if-- (a) he has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force; (b) he is an undischarged insolvent; or (c) he has applied to be adjudicated as an insolvent and his application is pending.
View Complete Act List Judgments citing this sectionLimited Liability Partnership Act 2008 Section 4
Title: Non-applicability of the Indian Partnership Act, 1932
State: Central
Year: 2008
Save as otherwise provided, the provisions of the Indian Partnership Act, 1932(9 of 1932) shall not apply to a limited liability partnership.
View Complete Act List Judgments citing this sectionLimited Liability Partnership Act 2008 Section 1
Title: Short Title, Extend and Commencement
State: Central
Year: 2008
(1) This Act may be called the Limited Liability Partnership Act, 2008. (2) It extends to the whole of India. (3) It shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint: Provided that different dates may be appointed for different provisions of this Act and any reference in any such provision to the commencement of this Act shall be construed as a reference to the coming into force of that provision.
View Complete Act List Judgments citing this sectionLimited Liability Partnership Act 2008 Section 20
Title: Penalty for Improper Use of Words Limited Liability Partnership Orllp
State: Central
Year: 2008
If any person or persons carry on business under any name or title of which the words "Limited Liability Partnership" or "LLP" or any contraction or imitation thereof is or are the last word or words, that person or each of those persons shall, unless duly incorporated as limited liability partnership, be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees.
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