The Limited Liability Partnership Rules, 2009 have been in force since 01.04.2009. The Limited Liability Partnership Rules provide for effectuating/implementing the provisions of Limited Liability Partnership Act, 2008. The Rules, inter-alia include procedures on incorporation of an LLP, its governance framework, relations interse partners, role, functions and liabilities of designated partners, penalties for false statements, investigation of affairs of LLP, regulations for internal working/maintenance of books of accounts/audit thereof as well as for filing forms with Registrar of Companies for notifying the financial position and solvency of Limited Liability Partnership (LLP) and for conversion from firms/companies to LLPs.
The State/UT-wise number of companies converted into LLPs and the LLPs registered during last three years is given below:
S.No | State/UT | 2014-15 | 2015-16 | 2016-17 |
Converted to LLP | Registered as LLP | Total | Converted to LLP | Registered as LLP | Total | Converted to LLP | Registered as LLP | Total |
1 | Andaman & Nicobar | 0 | 1 | 1 | 0 | 1 | 1 | 0 | 1 | 1 |
2 | Andhra Pradesh | 4 | 151 | 155 | 2 | 231 | 233 | 2 | 295 | 297 |
3 | Arunachal Pradesh | 0 | 1 | 1 | 0 | 2 | 2 | 0 | 3 | 3 |
4 | Assam | 0 | 28 | 28 | 1 | 64 | 65 | 1 | 125 | 126 |
5 | Bihar | 0 | 96 | 96 | 1 | 158 | 159 | 3 | 251 | 254 |
6 | Chandigarh | 1 | 69 | 70 | 0 | 106 | 106 | 2 | 139 | 141 |
7 | Chattisgarh | 0 | 47 | 47 | 1 | 65 | 66 | 0 | 91 | 91 |
8 | Daman and Diu | 0 | 2 | 2 | 0 | 6 | 6 | 0 | 5 | 5 |
9 | Delhi | 18 | 1819 | 1837 | 40 | 3506 | 3546 | 53 | 4074 | 4127 |
10 | Dadra & Nagar Haveli | 0 | 5 | 5 | 1 | 13 | 14 | 1 | 6 | 7 |
11 | Goa | 0 | 37 | 37 | 0 | 75 | 75 | 3 | 113 | 116 |
12 | Gujarat | 15 | 959 | 974 | 17 | 1706 | 1723 | 29 | 2414 | 2443 |
13 | Himachal Pradesh | 1 | 12 | 13 | 3 | 21 | 24 | 4 | 48 | 52 |
14 | Haryana | 3 | 342 | 345 | 7 | 620 | 627 | 11 | 874 | 885 |
15 | Jharkhand | 1 | 46 | 47 | 2 | 107 | 109 | 6 | 149 | 155 |
16 | Jammu & Kashmir | 0 | 18 | 18 | 0 | 17 | 17 | 0 | 17 | 17 |
17 | Karnataka | 13 | 1217 | 1230 | 15 | 1740 | 1755 | 16 | 2177 | 2193 |
18 | Kerala | 0 | 403 | 403 | 3 | 630 | 633 | 4 | 761 | 765 |
19 | Maharashtra | 65 | 5256 | 5321 | 103 | 7446 | 7549 | 92 | 9769 | 9861 |
20 | Meghalaya | 0 | 2 | 2 | 0 | 7 | 7 | 0 | 6 | 6 |
21 | Manipur | 0 | 3 | 3 | 0 | 8 | 8 | 0 | 8 | 8 |
22 | Madhya Pradesh | 5 | 199 | 204 | 3 | 411 | 414 | 3 | 522 | 525 |
23 | Mizoram | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
24 | Nagaland | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 1 | 1 |
25 | Orissa | 0 | 45 | 45 | 0 | 98 | 98 | 1 | 111 | 112 |
26 | Punjab | 0 | 105 | 105 | 3 | 200 | 203 | 5 | 287 | 292 |
27 | Pondicherry | 0 | 5 | 5 | 0 | 12 | 12 | 0 | 15 | 15 |
28 | Rajasthan | 4 | 719 | 723 | 2 | 957 | 959 | 9 | 997 | 1006 |
29 | Sikkim | 0 | 2 | 2 | 0 | 2 | 2 | 0 | 4 | 4 |
30 | Telangana | 9 | 349 | 358 | 13 | 767 | 780 | 21 | 1172 | 1193 |
31 | Tamil Nadu | 11 | 651 | 662 | 11 | 833 | 844 | 13 | 1103 | 1116 |
32 | Tripura | 0 | 2 | 2 | 0 | 0 | 0 | 0 | 3 | 3 |
33 | Uttar Pradesh | 5 | 700 | 705 | 14 | 1041 | 1055 | 21 | 1411 | 1432 |
34 | Uttarakhand | 0 | 44 | 44 | 1 | 61 | 62 | 4 | 135 | 139 |
35 | West Bengal | 12 | 1347 | 1359 | 17 | 1761 | 1778 | 16 | 2316 | 2332 |
Grand Total | 167 | 14682 | 14849 | 260 | 22674 | 22934 | 320 | 29403 | 29723 |
This was stated by Shri P.P. Chaudhary, Minister of State for Corporate Affairs in written reply to a question in Lok Sabha today.
Limited Liability Partnership rules shape incorporation and governance, with nationwide increases in LLP registrations and conversions. The Limited Liability Partnership Rules, 2009 provide procedures for LLP incorporation, governance, partner relations, roles and liabilities of designated partners, penalties, investigation powers, internal working mandates including maintenance of accounts and audits, and statutory filing requirements with the Registrar for financial position and solvency, as well as conversion procedures from firms and companies into LLPs. State/UT wise data for 2014 15 to 2016 17 show numbers of conversions and registrations with all India aggregates for each year, as reported in a parliamentary written reply.
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