Section wise Impact of LLP Amendment Act, 2021

Finally, on 12^th February, 2022 MCA has issued notification that provisions of Section 1 to 29 of LLP Amendment Act, 2021 shall came into effect from 01^st April, 2022.

Date of Applicability

It shall come into force from 1^st April 2022.

S.NO	Section of The LLP Act, 2008	Section Name in LLP Act, 2008	Section wise Effect	New Section Insertion
1	Section-1	Short title and commencement
2	Section-1	Short title and commencement	Substituted
3	Section-2	Definitions	Substituted
4	Section-7	Designated Partner	Substituted
5	Section-10	Punishment for Contravention of Section -7,8 and 9	Figure 8 shall be omitted
6	Section-13	Registered office of LLP and change therein	Substituted
7	Section-15	Name of LLP	Substituted
8	section-17	Change of Name of LLP	Substituted
9	Section-18	Application for direction to change name in certain circumstances	omitted
10	Section-21	Publication of name and Limited Liability	Substituted
11	Section-25	Registration of changes in partners	Substituted
12	Section-30	Unlimited Liability in case of fraud	Substituted
13	Section-34	Maintenance of books of accounts, other records and audit, etc.	Substituted
14	Section-34	Maintenance of books of accounts, other records and audit, etc	Inserted	Section-34A
15	Section-35	Annual Return	Substituted
16	Section-39	Compounding of offences	Substituted
17	Section-60	Compromise, or arrangement of LLP	Substituted
18	Section-62	Provisions for facilitating reconstruction or amalgamation of LLP	Substituted
19	Section-67	Application of provision of Companies Act	Inserted	Section -67A, 67B and 67C
20	Section-68	Electronic Filling of documents	Inserted	Section-68A
21	Section-69	Payment of additional fee	Substituted
22	Section-72	Jurisdiction of tribunal and appellate tribunal	Substituted
23	Section-73	Penalty on non compliance of any order passed by tribunal	omitted
24	Section-74	General Penalty	Substituted
25	Section-76	Offences by LLP	Interred	Section-76A
26	Section-77	Jurisdiction of Court	Substituted
27	Section-79	Power to make rules	Substituted
28	Section-80	Power to remove difficulties	Interred	Section-80(1A)
29	Section-81	Transitional provisions	omitted

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Author – CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company Secretary in Practice from Delhi and can be contacted at csdiveshgoyal@gmail.com).

Tags: Companies Act, Companies Act 2013, Divesh Goyal, LLP

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Author Bio

Name: CS Divesh Goyal

Qualification: CS

Company: Goyal Divesh & Associates

Location: Delhi, New Delhi, IN

Member Since: 04 Jun 2017 | Total Posts: 580

CS Divesh Goyal is Fellow Member of the Institute of Companies Secretaries and Practicing Company Secretary in Delhi and Steering Voice in the Corporate World. He is a competent professional having enrich post qualification experience of a decade with expertise in Corporate Law, FEMA, IBC, SEBI, View Full Profile