Limited Liability Partnership- Law and Practice
A LLP contains features of two long-standing forms of business associations, namely the ‘company’ and the ‘partnership firm’. A LLP, thus, is a hybrid of a company and a partnership. To explore this new business structure, every businessman and professional would need to know, in a concise and simple way, the advantages, nuances, and complexities involved. This book explains the nuances of the LLPs and addresses several issues concerning the construction of the Act. This book, Limited Liability Partnerships –Law and Practice, contains an analysis of the law of LLPs in India from a legal practitioner’s viewpoint and seeks to provide answer to the questions concerning LLPs.
The unique format and structure of the book makes it a very useful buy for those looking to get all relevant information on any section of the Limited Liability Act, 2008 with the least effort. The Frequently Asked Questions and Ready Referencer, arranged in a tabular and easy to read format, is handy for the busy professional to find quick information on all the key topics.
- Comprehensive Section-wise commentary
- Discussion on the implications of the Companies Act, 2013 on LLPs
- Detailed discussion on conversion into LLPs
- Latest notifications, circulars and clarifications issued by MCA, RBI and SEBI
- Ready reckoner on penal provisions under the LLP Act
- Discussion on FDI into, and ODI by, LLPs
- Detailed discussion on practical issues and procedures along with FAQs
About the Author
FCS, FCA, LLB, is Partner of Vaish Associates Advocates, a renowned law firm in India. Advisor to many Indian and multinational companies, his practice area includes corporate laws, foreign exchange laws, labour and industrial laws, taxation, special economic zones, real estate and bilateral/ multilateral trade agreements. He is a distinguished Member of the Committee of Group of Experts, constituted by Ministry of Corporate Affairs (MCA), Government of India in May 2011 to examine the simplification of LLP Act, Rules and approach/methodology for promoting LLPs and matters related thereto. Also, Mr. Mehta has been a Member of the Committee, constituted by the MCA to identify the tax issues arising out of convergence between the Companies Act, 1956, IFRS, DTC and GST and matters related thereto.
Mr. Mehta is a member of the Advisory Board of National Law University, Jodhpur; and Member of the Expert Advisory Board of the Institute of Company Secretaries of India (ICSI) for the year 2012-13. He has been the Chairman of the Northern India Regional Council of the ICSI in the year 2008.
As a subject expert, Mr. Mehta is often invited to inter alia address on ‘Limited Liability Partnerships’ at various professional and business forums.