Lok Sabha Question No. 299 (STARRED), answered on 2017-08-04
Subject: Limited Liability Partnership
Ministry: CORPORATE AFFAIRS
Asked by: RAGHAV LAKHANPAL

## GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS

LOK SABHA STARRED QUESTION NO. 299 ANSWERED ON FRIDAY, THE 4 th  AUGUST, 2017/ SHRAVANA 13, 1939 (SAKA)

## LIMITED LIABILITY PARTNERSHIP

## QUESTION

*299.  SHRI RAGHAV LAKHANPAL:

Will the Minister of CORPORATE AFFAIRS कारपोरेट कार्य मंत्री be pleased to state:

(a) whether the Limited Liability Partnership (LLP) Rules are in force in the country and if so, the details thereof; (b) the salient features of LLP Rules; and (c)  the  number  of  firms  converted  to  the  LLP  during  the  last  three years, State/UT-wise?

## ANSWER

THE MINISTER OF CORPORATE AFFAIRS           (SHRI ARUN JAITLEY) कारपोरेट कार्य मंत्री                                                                                                                    (श्री अरुण जेटली)

(a) to (c):- A statement is laid on the Table of the House.

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STATEMENT  REFERRED  TO  IN  REPLY  TO  PARTS  (a)  TO  (c)  OF  THE STARRED QUESTION NO. 299 FOR ANSWER IN LOK SABHA ON 04.08.2017 (a) & (b):-Yes, Madam/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, regulations for internal working/maintenance of books of accounts/audit thereof as well as for filing forms with RoC for notifying the financial position and solvency of Limited Liability Partnership (LLP) and for conversion from firms/companies to LLPs.

(c):- The number of firms converted into LLPs state-wise during last three years is given at Annexure-I.

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## ANNEXURE-I

## ANNEXURE REFERRED TO IN REPLY TO PART (C) OF THE STARRED QUESTION NO. 299 FOR ANSWER IN LOK SABHA ON 04.08.2017

## Number of firms converted into LLPs state-wise during last three years

| S No.   | State Name     | 2014-15   |   2015-16 |   2016-17 |
|---------|----------------|-----------|-----------|-----------|
| 1       | Andhra Pradesh | 4         |         2 |         2 |
| 2       | Assam          | 0         |         1 |         1 |
| 3       | Bihar          | 0         |         1 |         3 |
| 4       | Chhatisgarh    | 0         |         1 |         0 |
| 5       | Chandigarh     | 1         |         0 |         2 |
| 6       | Haveli 0       |           |         1 |         1 |
| 7       | Delhi          | 18        |        40 |        54 |
| 8       | Goa            | 0         |         0 |         3 |
| 9       | Gujarat        | 15        |        17 |        29 |
| 10      | Haryana        | 3         |         7 |        10 |
| 11      | Pradesh        | 1         |         3 |         4 |
| 12      | Jharkhand      | 1         |         2 |         6 |
| 13      | Karnataka      | 13        |        15 |        16 |
| 14      | Kerela         | 0         |         3 |         4 |
| 15      | Pradesh        | 5         |         3 |         3 |
| 16      | Maharashtra    | 65        |       102 |        92 |
| 17      | Odisha         | 0         |         1 |         0 |
| 18      | Punjab         | 0         |         3 |         5 |
| 19      | Rajasthan      | 4         |         2 |         9 |
| 20      | Tamil Nadu     | 11        |        11 |        13 |
| 21      | Telangna       | 9         |        12 |        21 |
| 22      | Uttar Pradesh  | 5         |        14 |        21 |
| 23      | Uttarakhand    | 0         |         1 |         4 |
| 24      | West Bengal    | 12        |        16 |        16 |
|         | Total          | 167       |       258 |       319 |

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