Limited Liability Partnership (Third Amendment) Rules, 2023. - G.S.R. 803(E) - Limited Liability Partnership

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 27th October, 2023 G.S.R. 803(E). In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009) , the Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009 , namely: - 1. Short title and commencement- (1) These rules may be called the Limited Liability Partnership (Third Amendment) Rules, 2023. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Limited Liability Partnership Rules, 2009 (hereinafter referred to as the said rules), after rule 22 , the following rules shall be inserted, namely:- 22A. Register of Partners.- (1) Every limited liability partnership shall, from the date of its incorporation, maintain a register of its partners in Form 4A which shall be kept at the registered office of the limited liability partnership: Provided that in the case of limited liability partnership existing on the date of commencement of the Limited Liability Partnership (Third Amendment) Rules, 2023, shall maintain the register of partners in Form 4A within thirty days from such commencement. (2) The register of partners shall contain the following particulars, in respect of each partner, namely:- (a) name of the partner; address (registered office address in case the member is a body corporate); e-mail address; Permanent Account Number or Corporate Identification Number; Unique Identification Number, if any; father or mother or spouse s name; occupation; status; Nationality; name and address of nominee; (b) date of becoming partner; (c) date of cessation; (d) amount and nature of contribution (indicating tangible, intangible, movable, immovable or other benefit to the limited liability partnership, including money, promissory notes, other agreements to contribute cash or property, and contracts for services performed or to be performed) with monetary value; and (e) any other interest, if any, (3) The entries in the register maintained under this rule shall be made within seven days pursuant to any change made in the contribution amount, or in name and details of the partners in the Limited Liability Partnership agreement, or in cases of cessation of partnership interest. (4) If any rectification is made in the register maintained under this rule by the Limited Liability Partnership pursuant to any order passed by the competent authority under any law, the necessary reference of such order shall be indicated in the respective register and for reasons to be recorded in writing. 22B. Declaration in respect of beneficial interest in any contribution.- (1) A person whose name is entered in the register of partners of a Limited Liability Partnership but does not hold any beneficial interest fully or partly in contribution (hereinafter referred to as the registered partner ), such person shall file with the Limited Liability Partnership, a declaration to that effect in Form 4B within a period of thirty days from the date on which his name is entered in the register of partners specifying the name and other particulars of the person who actually holds any beneficial interest in such contributions: Provided that where any change occurs in the beneficial interest in such contribution, the registered partner shall, within a period of thirty days from the date of such change, make a declaration of such change to the limited liability partnership in Form 4B. (2) Every person who holds or acquires a beneficial interest in contribution of a Limited Liability Partnership but his name is not registered in the register of partners (hereinafter referred to as the beneficial partner ) shall file with Limited Liability Partnership, a declaration disclosing such interest in Form 4C within a period of thirty days after acquiring such beneficial interest in the contribution of the Limited Liability Partnership specifying the nature of his interest, particulars of the partner in whose name the contribution stand registered in the books of the limited liability partnership: Provided that where any change occurs in the beneficial interest in such contribution, the beneficial partner shall, within a period of thirty days from the date of such change, make a declaration of such change to the limited liability partnership in Form 4C. Provided further that if the beneficial interest of registered partner is limited to the contribution stated against his name in the register of partners but he does not hold beneficial interest in contribution against any other registered partner, then, he shall not be required to file such declaration. (3) Where any declaration under sub-rule (1) or sub-rule (2) is received by the Limited Liability Partnership, the Limited Liability Partnership shall record such declaration in the register of partners and shall file, within a period of thirty days from the date of receipt of declaration by it, a return in Form 4D to the Registrar in respect of such declaration with fees. (4) Every Limited Liability Partnership shall specify a designated a partner who shall be responsible for furnishing of and extending co-operation for providing, information with respect to beneficial interest in contribution in Limited Liability Partnership to the Registrar or any other officer authorised by the Central Government and shall file information of such designated partner with the Registrar in Form 4: Provided that until a designated partner is specified under sub-rule (4), every designated partner shall be deemed to be responsible for furnishing of, and extending co-operation for providing, information with respect to beneficial interest in contribution under this sub-rule. 3. For Form 4 , the following Forms shall be substituted, namely: FORM- 4A Register of Partners [Pursuant to section 23 of Limited Liability Partnership Act, 2008 and rule 22A of the Limited Liability Partnership Rules, 2009] LLPIN: Name of the LLP: Registered Office Address: S. N. Personal details of the Partner 1 2 3 4 5 6 7 8 9 10 11 Name of the Partner: Corporate Identification Number, / Registration No. Unique Identification No: Address/ Registered address (in case of body corporate): E-mail Id : Father s/ Mother s/ Spouse s name: Status: Occupation: PAN No.: Whether citizen of India (Yes/No Nationality: Details of Partnership 13 Date of becoming partner: As on date As on Date As on date 13A SRN number and date of filing e-form-3 intimating the information about the partner Form of Contribution, specify monetary values: 14* Cash - (i) Bank - (ii) Promissory Notes - (iii) Other benefits contributed/ to be contributed under any Contract/agreement - (iv) Tangible assets: (v) Immovable Property - (vi) Movable Property - Intangible Assets 15* Total amount of contribution: 16* % share in total contribution: 17* % change in total contribution by effect of admission of Partner 18* % change in total contribution by effect of retirement/ expulsion/ insolvency of partner: Details of Beneficial Ownership: 19 20 21 Date of declaration under rule 22B of Limited Liability Partnership Rules, 2009, if applicable Name and address of beneficial partner: Amount of contribution by beneficial partner: Details of Nominee: 22 23 Date of receipt of nomination, if applicable Name and address of nominee Details of Cessation: 24 25 26 Date of cessation of partnership: Reason of cessation of partnership: Name of transferee, if any 26A SRN number and date of filing E-form-3 intimating the information about the partner Remarks, if any 27 Authentication/ signature: *Note: Whenever there is change in agreement or beneficial interest, the same may be entered date-wise in the Register of member. FORM- 4B Declaration by the Registered Partner who does not hold the beneficial interest in the Contribution [Pursuant to section 23 of Limited Liability Partnership Act, 2008 and sub-rule (1) of rule 22B of the Limited Liability Partnership Rules, 2009] To Name of the Limited Liability Partnership: Registered office address: 1 Particulars of the Registered Partner: (i) Name : (ii) PAN/ Unique Identification Number/ Corporate Identification Number, (in case of company/ body Corporate) : (iii) folio number in the register of partners 2 Declaration: In pursuance of sub-rule (1) of rule 22B of the Limited Liability Partnership Rules, 2009, I, ......... ., hereby declare that the person(s) named below hold(s) the beneficial interest in the Contribution of the Limited Liability Partnership amounting to Rs. ... . registered in my name in the register of partners of this Limited Liability Partnership. 3 Particulars of the Beneficial Partner: (i) Name of the beneficial Partner(s) : (ii) Address and E-mail id : (iii) Date of birth/ Age : (iv) Father s/ Mother s/ Spouse Name : (v) Occupation : (vi) Nationality : (vii) PAN/ Unique Identification number/ Corporate Identification Number (in case of company/ body Corporate) : (viii) Passport Number. (in case of foreign national) : 4 Details of the beneficial interest: (i) Nature of the beneficial interest: (ii) Date of creation of the beneficial interest: (iii) Reasons for not registering contributions in the name of the beneficial partner: (iv) Particulars of the instrument/ document, if any, showing the creation of such beneficial interest: 5 Particulars of change in beneficial interest: (i) Date of change (ii) Nature of the change in the beneficial interest: (iii) Brief particulars of such change: (iv) Reason for such change: (v) Particulars of the instrument/ document, if any, showing the change in such beneficial interest Date: Place: Signature (Registered Partner) Enclosures: 1. Proof of identity of the registered partner and beneficial partner; 2. Instrument/ document under which the beneficial interest is created/ transferred/ changed. FORM- 4C Declaration by the Partner who holds or acquires beneficial interest in the Contribution but whose name is not entered in the Register of Partners [Pursuant to section 23 of Limited Liability Partnership Act, 2008 and sub-rule (2) of rule 22B of the Limited Liability Partnership Rules, 2009] To Name of the Limited Liability Partnership: Registered office address: 1 Particulars of the Beneficial Partner: (i) Name of the beneficial Partner: (ii) Address and E-mail id : (iii) Date of birth/ Age : (iv) Father s/ Mother s/ Spouse Name : (v) Occupation : (vi) Nationality : (vii) PAN/ Unique Identification number/ Corporate Identification Number (in case of company/ body Corporate) : (viii) Passport number (in case of foreign national) : 2 Declaration: In pursuance of sub-rule (2) of rule 22B of the Limited Liability Partnership Rules, 2009, I, ......... ., hereby declare that I hold/ have acquired the beneficial interest in the Contribution of the Limited Liability Partnership amounting to Rs. ... . which is registered in the name of the person whose particulars are furnished below: 3 Particulars of the Registered Partner: (i) Name of the registered partner : (ii) PAN/ Unique Identification Number/ CIN (in case of company/ body Corporate) : (iii) folio number in the register of partners 4 Details of the beneficial interest: (i) Date of creation / acquisition of beneficial interest: (ii) Mode of acquisition of beneficial interest, specify: (iii) Nature of the beneficial interest: (iv) Reasons for not registering contribution in my name: (v) Particulars of the instrument/ document, if any, showing the creation of such beneficial interest: 5 Particulars of the person from whom the beneficial interest is acquired, if applicable: (i) Name of the transferor of beneficial interest: (ii) Whether contribution was registered in his name: (If not, whether any declaration under sub-rule (2) of rule 22B of Limited Liability Partnership Rules, 2009 was filed by him to the Limited Liability Partnership. If so, date of such declaration) (iii) Particulars of the instrument/ document, if any, showing the transfer of such beneficial interest: 6 Particulars of change in beneficial interest: (i) Date of change: (ii) Nature of the change in the beneficial interest: (iii) Brief particulars of such change: (iv) Reason for such change: (v) Particulars of the instrument/ document, if any, showing the change in such beneficial interest: Date: Place: Signature (Beneficial Partner) Enclosures: 1. Proof of identity of the registered partner and beneficial partner; 2. Instrument/ document under which the beneficial interest is created/ transferred/ changed [F. No. Policy-01/2/2021-CL-V-MCA-Part(2)] INDER DEEP SINGH DHARIWAL, Jt. Secy. Note.- The principal rules, were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), vide number G.S.R. 229 (E), dated the 1st April, 2009 , and last amended, vide number G.S.R. 644 (E) dated the 1st September, 2023.