https://www.taxtmi.com/article/detailed?id=1076 Section 66 permits a partner to lend to and transact business with the LLP on the same rights and obligations as a non partner, recognising the LLP as a distinct legal entity. Section 67 authorises the Central Government to apply provisions of the Companies Act, 1956 to LLPs by notification subject to parliamentary scrutiny. Sections 68-69 enable electronic filing and late filing with additional fee. Sections 70-76 and 74 address enhanced penalties for repeat offences, general penalties, proceedings where partners connived, and Registrar powers to strike off defunct LLPs, while sections 77-81 provide enforcement, rule making and transitional provisions. en-us Thu, 30 Dec 2010 23:28:55 +0530 Thu, 30 Dec 2010 23:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1076 Section 66 permits a partner to lend to and transact business with the LLP on the same rights and obligations as a non partner, recognising the LLP as a distinct legal entity. Section 67 authorises the Central Government to apply provisions of the Companies Act, 1956 to LLPs by notification subject to parliamentary scrutiny. Sections 68-69 enable electronic filing and late filing with additional fee. Sections 70-76 and 74 address enhanced penalties for repeat offences, general penalties, proceedings where partners connived, and Registrar powers to strike off defunct LLPs, while sections 77-81 provide enforcement, rule making and transitional provisions. Articles Limited Liability Partnership - LLP Thu, 30 Dec 2010 23:28:55 +0530 https://www.taxtmi.com/article/detailed?id=1076