The Limited Liability Partnership Act

Business transactions of partner with limited liability partnership

Application of the provisions of the Companies Act

Electronic filing of documents

Payment of additional fee

Enhanced punishment

Application of other laws not barred

Jurisdiction of Tribunal and Appellate Tribunal

Penalty on non-compliance of any order passed by Tribunal

General penalties

Power of Registrar to strike defunct limited liability partnership off register

Offences to limited liability partnerships

Jurisdiction or Court

Power to alter Schedules

Power to make rules

Power to remove difficulties

Transitional provisions


MISCELLANEOUS


A partner may lend
money to and transact other business with the limited liability partnership and has the same rights and
obligations with respect to the loan or other transactions as a person who is not a partner.


LAWGIST

# 66 Business transactions of partner with limited liability partnership