Ambition: Limited Liability Partnership (LLP) Act, 2008

The Limited Liability Partnership Act, 2008 (Latest Edition 2026), published by Ambition Publications, is an up-to-date and authoritative statutory reference designed specifically for judicial service aspirants, corporate advocates, company secretaries, chartered accountants, and law students.

This edition contains the complete statutory text of Act 6 of 2009, thoroughly updated with the landmark Limited Liability Partnership (Amendment) Act, 2021 (Act 31 of 2021, w.e.f. 1-4-2022), which decriminalized minor compoundable procedural defaults and introduced the concept of “Small LLPs.”

Key Highlights & Special Features:

• Fully Updated Statutory Text: Incorporates the Limited Liability Partnership (Amendment) Act, 2021 along with the latest statutory rules, regulations, and official notifications.

• Practice & Examination Aids: Packed with section-wise explanatory notes, comparative tables, and structured visual aids for quick reference.

• Decriminalization & Compliance Framework: Outlines the updated penalty mechanisms, adjudicating officers’ powers, and compliance requirements under the amended framework.

• Judicial Precedents: Contains important case laws and recent rulings governing partners’ liability, conversion into LLP, winding up, and regulatory disclosures.

• Exam-Oriented Additions: Includes legal maxims and one-word substitutions tailored for PCS-J, corporate law entrance examinations, and competitive legal tests.