Commercial's Limited Liability Partnerships Law and Practice book by Hitender Mehta

This 10th Edition of Commercial’s Limited Liability Partnerships: Law and Practice, updated with all amendments introduced by the Finance Act, 2025, is a comprehensive and authoritative guide to the legal, regulatory, and practical aspects of Limited Liability Partnerships (LLPs) in India. Authored by Hitender Mehta, FCS, FCA, LL.B, this book serves as an essential resource for practitioners, corporate professionals, entrepreneurs, and students seeking a thorough understanding of LLP law and its applications.

The text presents an in-depth analysis of the Limited Liability Partnership Act, 2008, along with the relevant rules, schedules, and circulars, incorporating the latest statutory amendments and practical developments. It bridges the gap between theory and practice, offering detailed commentary, compliance checklists, procedural guidance, and case law references.

The content covers:

• Concept, nature, and advantages of LLPs over other business structures

• Incorporation procedures, documentation, and electronic filing requirements

• Partner rights, duties, and liabilities

• Capital contribution and profit-sharing arrangements

• Management structure and decision-making processes

• Accounts, audit requirements, and annual return compliance

• Conversion of partnership firms and private/public companies into LLPs

• Taxation aspects of LLPs, including provisions amended by the Finance Act, 2025

• Foreign investment in LLPs and cross-border considerations

• Compounding of offences, penalties, and dispute resolution

• Relevant rules, schedules, and updated MCA notifications

This edition is particularly suitable for:

• Company secretaries, chartered accountants, and cost accountants engaged in LLP incorporation and compliance work

• Advocates and corporate legal advisors handling LLP-related matters

• Business owners, partners, and entrepreneurs exploring LLP as a business structure

• Law and management students for academic and professional examinations

With its blend of statutory provisions, interpretative guidance, and procedural clarity, this updated edition delivers a practical, up-to-date, and reliable reference on LLP law as applicable in 2025.