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29,403 companies registered as LLP on all India basis in FY 2016-17

In FY 2016-17, 29,403 companies registered as LLP on all India basis

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, penalties for false statements, investigation of affairs of LLP,  regulations for internal working/maintenance of books of accounts/audit thereof as well as for filing forms with Registrar of Companies for notifying the financial position and solvency of Limited Liability Partnership (LLP) and for conversion from firms/companies to LLPs.

The State/UT-wise number of companies converted into LLPs and the LLPs registered during last three years is given below:

This was stated by Shri P.P. Chaudhary, Minister of State for Corporate Affairs in written reply to a question in Lok Sabha today.

Source- PIB

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