LLP Rules amendment updates Form 11 to address companies incorporated outside India and in Sikkim.
The Limited Liability Partnership (Second Amendment) Rules, 2012, made under the authority of subsection (2) of section 79 of the LLP Act, substitute item (vii) in serial number 12 of LLP Form No. 11 to read: Companies Incorporated outside India or Companies registered in Sikkim, and state the Rules are called the Limited Liability Partnership (Second Amendment) Rules, 2012 and come into force on 16th September, 2012.

LLP winding up procedures: standardized initiation, creditor involvement, liquidator duties and Tribunal supervision for dissolution.
Comprehensive rules establish procedures for voluntary and Tribunal-ordered winding up of LLPs, detailing initiation criteria, creditor engagement, declaration of solvency, appointment and duties of LLP Liquidators and Liquidators (including security, conflict disclosures, accounting, audits and quarterly reporting), custody and preservation of assets, proof of debts and priority of distribution, sale as going concern, Tribunal powers to investigate fraud or transfer proceedings, and standardized forms, notices, registers and timelines for filings, inspections, and final dissolution.

Commencement of LLP Act provisions: notification inserts specific sections into earlier schedule, bringing them into force.
Notification amends the prior commencement notification by inserting entries to commence Section 51 and Sections 63-65 of the Limited Liability Partnership Act, 2008, thereby formally bringing those specified provisions into force via amendment of the earlier schedule.

Insertion of Form 32 and substitution of multiple LLP filing forms under the amendment updates prescribed procedural documentation.
Amendment to the Limited Liability Partnership (Amendment) Rules, 2012 inserts Form 32 and substitutes new versions for Forms 1, 2, 3, 4, 5, 8, 11, 12, 15, 17, 18, 22, 23, 24, 25, 27, 28, 29 and 31, updating the prescribed filing forms required for LLP procedural compliance.

Limited Liability Partnership rules tighten name approvals, require consent in Form 2 at incorporation, and set fees for Form 4 and striking off.
For incorporation, an individual who gives consent to act as partner or designated partner must file consent in Form 2 with the fee in Annexure A. Rule 18(2) now allows name reservation when a registered LLP or company grants a No Objection Certificate, requires regulatory authority approval for names or business activities using restricted financial or similar terms at incorporation or on name change, and requires council approval for professional titles. Annexure A adds fee Rs.50 for Form 4 filings and Rs.500 for striking off defunct LLPs; multiple statutory forms are substituted and Form 32 is inserted. Effective 11 June 2012.