Commercial's Limited Liability Partnerships Ready Reckoner

This September 2024 Edition of Limited Liability Partnerships – Ready Reckoner serves as a concise, practical, and up-to-date reference on the legal and procedural framework governing LLPs in India. Authored by Hitender Mehta, the book incorporates the latest amendments introduced by The Finance (No. 2) Act, 2024 and The LLP (Amendment) Rules, 2024 (w.e.f. 27.08.2024), making it indispensable for professionals and business owners.

The Ready Reckoner distills the complex provisions of LLP law into a structured, easy-to-understand format, covering incorporation, governance, compliance, taxation, and closure processes. Designed for quick reference, it offers both statutory extracts and practical guidance for day-to-day application.

The content covers:
• Overview and objectives of the Limited Liability Partnership Act, 2008
• Incorporation process, partner agreements, and compliance requirements
• Rights, duties, and liabilities of partners and designated partners
• Taxation aspects and applicability of Finance (No. 2) Act, 2024 provisions to LLPs
• Procedures for change in partners, amendments to the LLP agreement, and alterations in capital
• Annual filings, audit requirements, and penalties for non-compliance
• Conversion of partnership firms or private companies into LLPs
• Dissolution, winding-up, and striking-off procedures under updated rules
• Practical compliance checklists and timelines
• Key forms and filing requirements under the LLP Rules, 2009 as amended in 2024

This edition is particularly useful for:
• Chartered accountants, company secretaries, and cost accountants
• Lawyers practicing corporate and business law
• Entrepreneurs and business owners considering or operating LLPs
• Compliance officers and corporate managers
• Students of law, commerce, and management

With its clear explanations, latest legal updates, and practical format, this Ready Reckoner is an essential toolkit for understanding and managing LLPs in India effectively.