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Mr. Hitender Mehta, FCS, FCA, LL.B., is Managing Partner of CENTRUM LEGAL, a corporate legal advisory firm in India. Advisor to many Indian and multinational companies, his practice areas include corporate laws, foreign exchange laws, cyber laws, labour and industrial laws, dispute resolution, taxation, special economic zones, real estate and bilateral/ multilateral trade agreements. He has been advising on legal compliance management, corporate disputes resolution, business structuring involving mergers, demergers, acquisitions and slump sale, giving opinions on complex legal issues, conducting due diligence exercises to facilitate business acquisitions, strategic business partnerships, joint venture agreements, etc. Mr. Mehta is renowned Author of the books, ?Limited Liability Partnerships ?Law and Practice?, ?Law & Practice relating to Special Economic Zones? and Co-Author of the book - ?Secretarial Audit: Dimensions and Deliverables?. Besides, he has been Co-Editor of the book ?India Business Guide ? Start-up to Set-up?. Mr. Mehta has been a distinguished Member of ? the Central Board of Trustees, Employees Provident Fund Organisation (EPFO) since January 2024 the Central Council of the Institute of Company Secretaries of India (ICSI) for a four years? term (2019-23) the Committee of Group of Experts, constituted by Ministry of Corporate Affairs (MCA), Government of India to examine the simplification of LLP Act, Rules and approach/ methodology for promoting LLPs and matters related thereto the Committee, constituted by the MCA to identify the tax issues arising out of convergence between the Companies Act, 1956, IFRS, DTC and GST and matters related thereto the Managing Committee, ASSOCHAM the Advisory Board of National Law University, Jodhpur the Executive Committee, the International Chamber of Commerce?India (ICCIndia) Mr. Mehta has been the Chairman/ Co-Chairman on the following committees: Co-Chairman, National Council on SEZs and Industrial Parks, ASSOCHAM Chairman, International Affairs and FTZs Committee of the Federation of Indian Industry (FII) Chairman, Research Committee, the ICSI (2022); Chairman, Expert Advisory Committee, the ICSI (2021) Chairman, Editorial Advisory Board, the ICSI (2020) As a subject expert, Mr. Mehta is often invited to address on the topic of ?Limited Liability Partnerships? and other contemporary issues at various professional and business forums. He has been regularly voicing the concerns of trade, industry and professionals and has been instrumental in making various policy recommendations to the Government.
This 10th Edition of Commercial’s Limited Liability Partnerships: Law and Practice, updated with all amendments introduced by the Finance Act, 2025, is a comprehensive and authoritative guide to the legal, regulatory, and practical aspects of Limited Liability Partnerships (LLPs) in India. Authored by Hitender Mehta, FCS, FCA, LL.B, this book serves as an essential resource for practitioners, corporate professionals, entrepreneurs, and students seeking a thorough understanding of LLP law and its applications.
The text presents an in-depth analysis of the Limited Liability Partnership Act, 2008, along with the relevant rules, schedules, and circulars, incorporating the latest statutory amendments and practical developments. It bridges the gap between theory and practice, offering detailed commentary, compliance checklists, procedural guidance, and case law references.
The content covers:
• Concept, nature, and advantages of LLPs over other business structures
• Incorporation procedures, documentation, and electronic filing requirements
• Partner rights, duties, and liabilities
• Capital contribution and profit-sharing arrangements
• Management structure and decision-making processes
• Accounts, audit requirements, and annual return compliance
• Conversion of partnership firms and private/public companies into LLPs
• Taxation aspects of LLPs, including provisions amended by the Finance Act, 2025
• Foreign investment in LLPs and cross-border considerations
• Compounding of offences, penalties, and dispute resolution
• Relevant rules, schedules, and updated MCA notifications
This edition is particularly suitable for:
• Company secretaries, chartered accountants, and cost accountants engaged in LLP incorporation and compliance work
• Advocates and corporate legal advisors handling LLP-related matters
• Business owners, partners, and entrepreneurs exploring LLP as a business structure
• Law and management students for academic and professional examinations
With its blend of statutory provisions, interpretative guidance, and procedural clarity, this updated edition delivers a practical, up-to-date, and reliable reference on LLP law as applicable in 2025.
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