Limited Liability Partnerships - Law and Practice

Limited Liability Partnerships - Law and Practice

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Author : Hitender Mehta
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This 10th Edition of Commercial’s Limited Liability Partnerships: Law and Practice, updated with all amendments introduced by the Finance Act, 2025, is a comprehensive and authoritative guide to the legal, regulatory, and practical aspects of Limited Liability Partnerships (LLPs) in India. Authored by Hitender Mehta, FCS, FCA, LL.B, this book serves as an essential resource for practitioners, corporate professionals, entrepreneurs, and students seeking a thorough understanding of LLP law and its applications.

The text presents an in-depth analysis of the Limited Liability Partnership Act, 2008, along with the relevant rules, schedules, and circulars, incorporating the latest statutory amendments and practical developments. It bridges the gap between theory and practice, offering detailed commentary, compliance checklists, procedural guidance, and case law references.


The content covers:

• Concept, nature, and advantages of LLPs over other business structures

• Incorporation procedures, documentation, and electronic filing requirements

• Partner rights, duties, and liabilities

• Capital contribution and profit-sharing arrangements

• Management structure and decision-making processes

• Accounts, audit requirements, and annual return compliance

• Conversion of partnership firms and private/public companies into LLPs

• Taxation aspects of LLPs, including provisions amended by the Finance Act, 2025

• Foreign investment in LLPs and cross-border considerations

• Compounding of offences, penalties, and dispute resolution

• Relevant rules, schedules, and updated MCA notifications


This edition is particularly suitable for:

• Company secretaries, chartered accountants, and cost accountants engaged in LLP incorporation and compliance work

• Advocates and corporate legal advisors handling LLP-related matters

• Business owners, partners, and entrepreneurs exploring LLP as a business structure

• Law and management students for academic and professional examinations


With its blend of statutory provisions, interpretative guidance, and procedural clarity, this updated edition delivers a practical, up-to-date, and reliable reference on LLP law as applicable in 2025.

 

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Shipping & Returns

Shipping
Orders are shipped within 3–5 working days (exceptions may occur). Deliveries within Delhi usually take 3–5 working days post-shipment, while deliveries outside Delhi may take 4–5 working days. International shipping is not available at present. Once your package has been dispatched, you will receive a confirmation email with a tracking number to monitor your order.

Returns
We do not accept returns or exchanges for books once sold. A return or replacement is only possible if the book delivered is damaged or if the wrong book has been sent. In such cases, customers are requested to contact us within 7 days of delivery with order details and proof (such as a photo of the book). Refunds will be processed once the returned books are received and inspected, and the amount will be credited in the original form of payment within 7 working days. Shipping charges will not be refunded unless the return is due to our error.

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Your payment information is processed securely. We do not store your card details nor have access to your payment information.

We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.

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Your payment information is processed securely. We do not store your card details nor have access to your payment information.

We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.

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Your payment information is processed securely. We do not store your card details nor have access to your payment information.

We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.

About the author

Hitender Mehta

Hitender Mehta

Mr. Hitender Mehta, FCS, FCA, LL.B., is Managing Partner of CENTRUM LEGAL, a corporate legal advisory firm in India. Advisor to many Indian and multinational companies, his practice areas include corporate laws, foreign exchange laws, cyber laws, labour and industrial laws, dispute resolution, taxation, special economic zones, real estate and bilateral/ multilateral trade agreements. He has been advising on legal compliance management, corporate disputes resolution, business structuring involving mergers, demergers, acquisitions and slump sale, giving opinions on complex legal issues, conducting due diligence exercises to facilitate business acquisitions, strategic business partnerships, joint venture agreements, etc.

Mr. Mehta is renowned Author of the books, “Limited Liability Partnerships –Law and Practice”, “Law & Practice relating to Special Economic Zones” and Co-Author of the book - “Secretarial Audit: Dimensions and Deliverables”. Besides, he has been Co-Editor of the book “India Business Guide – Start-up to Set-up”.

Mr. Mehta has been a distinguished Member of –
the Central Board of Trustees, Employees Provident Fund Organisation (EPFO) since January 2024
the Central Council of the Institute of Company Secretaries of India (ICSI) for a four years’ term (2019-23)
the Committee of Group of Experts, constituted by Ministry of Corporate Affairs (MCA), Government of India to examine the simplification of LLP Act, Rules and approach/ methodology for promoting LLPs and matters related thereto 
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
the Managing Committee, ASSOCHAM
the Advisory Board of National Law University, Jodhpur
the Executive Committee, the International Chamber of Commerce–India (ICCIndia)

Mr. Mehta has been the Chairman/ Co-Chairman on the following committees:
 Co-Chairman, National Council on SEZs and Industrial Parks, ASSOCHAM
Chairman, International Affairs and FTZs Committee of the Federation of Indian Industry (FII)
Chairman, Research Committee, the ICSI (2022);
Chairman, Expert Advisory Committee, the ICSI (2021)
Chairman, Editorial Advisory Board, the ICSI (2020)

As a subject expert, Mr. Mehta is often invited to address on the topic of ‘Limited Liability Partnerships’ and other contemporary issues at various professional and business forums.

He has been regularly voicing the concerns of trade, industry and professionals and has been instrumental in making various policy recommendations to the Government.

 

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