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Limited Liability Partnership (LLP) Act, 2008 Syllabus, Exam Pattern
Limited Liability Partnership (LLP) Act, 2008 Syllabus, Exam Pattern
Limited Liability Partnership (LLP) Act, 2008 Syllabus :Limited Liability Partnership (LLP) Act, 2008
Chapter I: Preliminary
Section 1: Short title, extent, and commencement.
Section 2: Key Definitions (The Exam Essentials):
2(d) Body Corporate (Including foreign LLPs).
2(j) Designated Partner (The most tested definition).
2(n) Limited Liability Partnership.
2(q) Partner.
Chapter II: Nature of Limited Liability Partnership
Section 3: LLP to be a Body Corporate (Separate legal entity).
Section 4: Non-applicability of the Indian Partnership Act, 1932.
Section 5: Partners (Minimum of two; individuals or bodies corporate).
Section 6: Minimum number of partners and liability for carrying on business with fewer than two.
Section 7: Designated Partners: Requirements (At least two individuals; one must be a resident in India).
Section 8 & 9: Liabilities and Changes in Designated Partners.
Chapter III: Incorporation of LLP and Incidental Matters
Section 11: Incorporation Document (The "Birth Certificate" of the LLP).
Section 12: Incorporation by registration.
Section 13: Registered office of LLP and change therein.
Section 14: Effect of registration (Powers of an LLP).
Section 15 & 16: Name of LLP: Reservation and "Limited Liability Partnership" or "LLP" suffix.
Section 17: Change of name of LLP (By Central Government direction).
Chapter IV: Partners and Their Relations
Section 22: Eligibility to be partners.
Section 23: LLP Agreement: The governing document (Schedule 1 application).
Section 24: Cessation of partnership interest (Resignation, Death, Insolvency).
Section 25: Registration of changes in partners (Notice to Registrar).
Chapter V: Extent and Limitation of Liability
Section 26: Partner as agent of LLP (But not of other partners).
Section 27: Extent of liability of LLP.
Section 28: Extent of liability of partner.
Section 30: Unlimited liability in case of fraud (Piercing the corporate veil).
Section 31: Whistleblowing: Protection for partners/employees providing information.
Chapter VI: Contributions
Section 32: Form of contribution (Tangible, intangible, promissory notes).
Section 33: Obligation to contribute.
Chapter VII: Financial Disclosures
Section 34: Maintenance of Books of Account: Statement of Account and Solvency.
Section 35: Annual Return: Filing requirements with the Registrar (e-form 11).
Chapter VIII: Conversion into LLP (The Transition Rules)
Section 55: Conversion from firm to LLP (Second Schedule).
Section 56: Conversion from private company to LLP (Third Schedule).
Section 57: Conversion from unlisted public company to LLP (Fourth Schedule).
Section 58: Registration and effect of conversion.
Chapter IX: Winding Up and Dissolution
Section 63: Winding up and dissolution (Voluntary vs. Tribunal-mandated).
Section 64: Circumstances in which LLP may be wound up by Tribunal.
Schedules: The Backbone of the Act
First Schedule: Default provisions for mutual rights and duties of partners.
Second Schedule: Conversion of a Partnership Firm into an LLP.
Third Schedule: Conversion of a Private Company into an LLP.
Fourth Schedule: Conversion of an Unlisted Public Company into an LLP.
Limited Liability Partnership (LLP) Act, 2008 Exam Pattern
Duration : 120 Minutes
No.of Question : 100
Total Marks : 100
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Limited Liability Partnership (LLP) Act, 2008 Exam - Hindi100 questions • 120 mins • 100 marks
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Limited Liability Partnership (LLP) Act, 2008 Exam - English100 questions • 120 mins • 100 marks
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