Taxmann Limited Liability Partnership Manual Edition June 2025

Taxmann Limited Liability Partnership Manual Edition 2025

Taxmann Limited Liability Partnership Manual Edition 2025

LLP Law Manual is a comprehensive resource for professionals and businesses dealing with Limited Liability Partnerships (LLPs) in India. Thoroughly updated to reflect amendments, it provides deep insights into the legislative framework governing LLPs—from their formation and operation to winding up and dissolution. Through annotated statutes, detailed rules, notifications, and circulars, this Manual aims to serve as a one-stop reference for readers.

This book is intended for the following audience:

• Legal Practitioners & Law Firms – Advocates, solicitors, and in-house counsels who need accurate, up-to-date information on LLP law
• Chartered Accountants, Cost Accountants & Company Secretaries – Professionals assisting businesses with compliance, audits, and legal structuring
• Entrepreneurs & Start-ups – Founders wishing to explore LLP as a preferred business model, ensuring compliance and smooth operations
• Corporate Managers & Compliance Officers – Those tasked with meeting statutory obligations for their organisations
• Academicians & Students – Scholars, researchers, and students seeking a precise understanding of LLP legislation and its practical implications

The Present Publication is the 15^th Edition | 2025, amended up to 25^th May 2025. This book is edited by Taxmann’s Editorial Board, with the following noteworthy features:

• [Annotated Text of the LLP Act] Each section of the Limited Liability Partnership Act 2008 is meticulously annotated with cross-references, commentary, and practical insights
• [Latest Amendments] Incorporates all changes brought about by the Limited Liability Partnership (Amendment) Act 2021 and subsequent rules
• [Rules & Regulations Compendium] Covers the LLP Rules 2009, LLP (Winding up and Dissolution) Rules 2012, and LLP (Significant Beneficial Owners) Rules 2023, providing a holistic legislative framework
• [Comprehensive Circulars & Notifications] Up-to-date circulars and notifications from the Ministry of Corporate Affairs (MCA) are included, clarifying procedural aspects and compliance requirements
• [Guide to LLP Formation & Operations] A dedicated guide that navigates you through the incorporation process, partner responsibilities, filing requirements, and governance
• [FDI & FEMA Aspects] Includes sections on Foreign Direct Investment (FDI) in LLPs, referencing the FDI Policy Circular and Foreign Exchange Management (Non-Debt Instruments) Rules 2019
• [Easy Referencing] Detailed indexes, arrangement of sections, and quick-reference tables ensure efficient navigation of content
• [In-depth Comparative Analysis] The guide systematically compares traditional partnership law, company law, and LLP law, aiding in choosing the right structure
• [Updated Compliance Procedures] Emphasises e-filing processes and the adoption of the latest MCA portal functionalities, making compliance less cumbersome

About the author

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of Editor-In-Chief Mr. Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in our publications and research platform. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

• The statutory material is obtained only from the authorized and reliable sources
• Keep the readers abreast with the latest developments in the judicial and legislative fields
• Prepare the analytical write-ups on recent, controversial, and contagious issues to help the readers to understand the event and its implications
• Every content published by Taxmann should be complete, accurate and lucid
• All evidence-based statements must be supported with proper reference to Section, Circular No., Notification No., or citations
• The golden rules of grammar, style and consistency are thoroughly followed
• Choose a font and size that’s easy to read, and remain consistent across all imprint and digital publications