Limited Liability Partnership, As Amended by Finance Act 2025 By Pramod Jain Rs. 3,195.00
8th Edition 2025
The book contains the following Chapters and Annexures:
SECTION I - GENERAL
Chapter 1 Objects and Reasons for Limited Liability Partnership
Chapter 2 Limited Liability Partnerships World Wide
Chapter 3 Limited Liability Partnership Background in India
Chapter 4 Salient Features of Limited Liability Partnership
Chapter 5 Meaning and Nature of Limited Liability Partnership
Chapter 6 Small Limited Liability Partnership
Chapter 7 Importance of LLP after Companies Act, 2013
SECTION II - INCORPORATION
Chapter 8 Incorporation of Limited Liability Partnership
Chapter 9 Change of Name of LLP
Chapter 10 Registered Office/Other Office of a LLP and its Change
Chapter 11 Limited Liability Partnership Agreements
Chapter 12 Partners of Limited Liability Partnership
Chapter 13 Number of Partners in Limited Liability Partnership
Chapter 14 Designated Partners
SECTION III - CONVERSION
Chapter 15 Conversion of Partnership Firm into LLP
Chapter 16 Conversion of Private Company into LLP
Chapter 17 Conversion of Unlisted Public Company into LLP
Chapter 18 Conversion of Professional Firms into LLP
Chapter 19 Conversion of LLP into Company
SECTION IV - ADMINISTRATION AND MANAGEMENT
Chapter 20 Contribution
Chapter 21 Foreign Direct Investment (FDI) in LLP
Chapter 22 Extent of Liability
Chapter 23 Significant Beneficial Ownership Compliances
Chapter 24 Investigation
Chapter 25 Compromise, Arrangement or Reconstruction
SECTION V - ACCOUNTS AND AUDIT
Chapter 26 Accounts and Returns
Chapter 27 Applicability of Accounting Standards
Chapter 28 Assignment and Transfer of Partnership Rights
Chapter 29 Destruction of Old Records by Registrar
Chapter 30 Electronic Filing of Documents
Chapter 31 Forms to be certified by Professionals
Chapter 32 Audit of LLP
SECTION VI - TAXATION
Chapter 33 Basic Taxation Aspects of LLP
Chapter 34 Residential Status of LLP
Chapter 35 Tax Rates of LLP
Chapter 36 Remuneration to Partners
Chapter 37 Interest on Partners’ Contribution
Chapter 38 Taxation of Introduction and Withdrawal of Assets by Partners
Chapter 39 Computation of Taxable Income and ITR of Limited Liability Partnership
Chapter 40 Taxation of conversion of Firms into Limited Liability Partnership
Chapter 41 Taxation of conversion of Limited Liability Partnership into Company
Chapter 42 Taxation of conversion of Companies into Limited Liability Partnership
Chapter 43 Taxability of Amounts received by Partners from LLP
Chapter 44 Liability of partners for tax dues in case of liquidation
Chapter 45 Other tax compliances
SECTION VII - WINDING UP & DISSOLUTION
Chapter 46 Winding up and Dissolution
SECTION VIII - MISCELLANEOUS
Chapter 47 Payment of Fees
Chapter 48 Penalties, Fine and Prosecution
Chapter 49 Other matters related to LLP
Chapter 50 Forms under LLP
Chapter 51 Foreign Limited Liability Partnerships
Chapter 52 Provisions of Companies Act 2013 made applicable to LLP
Chapter 53 Comparison of Limited Liability Partnership with Firm
Chapter 54 Simultaneous Comparison of Limited Liability Partnership with Company and Partnership Firm
SECTION IX - ANNEXURES
Annexure 1 Limited Liability Partnership Act, 2008
Annexure 2 The Limited Liability Partnership Rules, 2009
Annexure 3 The Limited Liability Partnership (Winding Up and Dissolution) Rules, 2012
Annexure 4 Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023
Annexure 5 Draft LLP Agreements
Annexure 6 Relevant Extracts of Provisions of Income-tax Act, 1961
Annexure 7 Relevant Extracts of Companies Act, 2013 and Rules
About the Author
CA. PRAMOD JAIN
He is a commerce graduate [B. Com (H)] from Shri Ram College of Commerce (SRCC). He is a fellow member of the Institute of Chartered Accountants of India (FCA). He is a fellow member of the Institute of Companies Secretaries of India (FCS). He is a fellow member of the Institute of Cost Accountants of India (FCMA). He is a Bachelor of Law (LL. B). He is qualified as an Information System Auditor [DISA (ICAI)]. He is also a member of All India Management Association (MIMA). He is also an Insolvency Professional (IP). He has also passed the Certificate Course on CSR of ICAI. He has also passed the Proficiency Self-Assessment Test for Independent Director’s Databank. He has passed certification course NCFM of National Stock Exchange of India (NSE). He has also done certification courses CAAT and post qualification certificate course on Valuation of ICAI.
He is elected as Central Council Member of ICAI for the period 2019 to 2022 from 2022 to 2025 and from 2025 to 2029. Apart from being a member of more than 30 committees / groups / directorates of ICAI, and other Bodies he is / was:
Chairman of Expert Advisory Committee (EAC) of ICAI for Year 2022-23 and 2025-26
Convenor of Centre for Audit Quality Directorate (CAQD) for year 2025-26
Vice Chairman of Committee on Commercial Laws, Economic Advisory & NPO Cooperative for year 2025-26
Chairman of Accounting Standards Board (ASB) of ICAI for 2022-23, 2023-24 and 2024-25
Deputy Convenor of Centre for Audit Quality Directorate (CAQD) for 2024-25
Convenor - Members & Students (Grievances Handling & e-Sahayata) Directorate for 2023-24
Chairman of Accounting & Finance Services Sectional Committee SSD-12 under the Services Sector Division Council (SSDC) of Bureau of Indian Standards (BIS) for 2023-24
Co-Chairman of Corporate Affairs Committee of PHDCCI for the year 2022-23
Chairman of Committee on International Taxation (CITAX) of ICAI for Year 2021-22
Chairman of Taxation Audit Quality Review Board (TAQRB) of ICAI for the year 2021-22.
Member of Quality Review Board (QRB) from 2020 to 2023 and again from 2023 to 2026.
Member of the SME Implementation Group (SMEIG) of IFRS Foundation, UK for 3 yrs from 2023 to 2026.
Chairman of Valuation Standards Board (VSB) of ICAI for the year 2020-21.
Chairman of CSR Committee of ICAI for year 2020-21.
Vice-Chairman of Committee on MSME & Start-up of ICAI for the year 2021-22.
Vice-Chairman of Women Members Empowerment Committee (WMEC) of ICAI for 2021-22.
Vice-Chairman of Direct Tax Committee (DTC) of ICAI for year 2019-20 and 2020-21.
Vice-Chairman of Committee on International Taxation (CITAX) of ICAI for Year 2019-20.
Member of ICAI Disciplinary Committee for the year 2020-21 and 2025-26.
Deputy Convenor, Legal Directorate for the year 2020-2021
He is the conceptualizer of the portal www.expertspanel.in which is a one stop solution for all professional queries which has given more than 37500 answers since its launch in mid of year 2018.
He has delivered more than 1800 lectures and articles on various topics of Income Tax, Corporate Laws, LLP, Audits, Peer Review, Quality Review, etc. at more than 200 forums throughout the country. Most of his presentations and articles since 2013 are available for free download from www.lunawat.com and from 2018 at www.expertspanel.in also.
He has authored books on “Chartered Accountant’s Documentation and Compliance for Audits and Reviews”, Limited liability Partnership – A Complete Resource Book”, “Chartered Accountant’s Documentation and Compliance for Audits and Reviews”, “Importance of LLP after Companies Act, 2013”, “Chartered Accountant’s Documentation and compliance under Companies Act 2013, Peer Review and Quality Review”, “Limited Liability Partnership – Law, Procedures and Taxation”, “Documentation for Chartered Accountants”, “Limited Liability Partnership – Law and Procedures with Ready Reckoner”, “Fringe Benefit Tax & Banking Cash Transaction Tax”, “Documentation for Audits” and “Accounting Standards and CARO”.
He has written various articles on taxation, company law and audits in various journals. He has vast practical experience in income tax, audit, corporate laws and LLP.
He has written various articles on taxation, company law and audits in various journals. He has vast practical experience in the taxation, audit and corporate laws field and he has been giving consultancy to various corporate and non-corporate entities on taxation matters.
