Amendment To Limited Liability Partnership Rules, 2009

With effect from October 27, 2023, the Limited Liability Partnership Rules, 2009 were amended to provide additional disclosure compliances for Limited Liability Partnerships ("LLPs"), as follows:

Register of Partners: Every LLP must maintain a register of partners as specified in Form 4A. Existing LLPs must comply with this rule within 30 (thirty) days (i.e., by November 26, 2023). The register of partners must contain:

1. details of the partners;
2. details of the appointment and cessation of partners;
3. details about the partners' amount and nature of contribution to the LLP (i.e., whether any tangible, intangible, movable, immovable or other benefits to the LLP, including money, promissory notes, other agreements to contribute cash or property, and contracts for services performed or to be performed with monetary value); and