Section 20: Penalty for improper use of words “limited liability partnership” or “LLP”

The Limited Liability Partnership Act, 2008

Chapter-III
Incorporation of Limited Liability Partnership and Matters Incidental Thereto

Section 20: Penalty for improper use of words “limited liability partnership” or “LLP”

20. If any person or persons carry on business under any name or title of which the words “Limited Liability Partnership” or “LLP” or any contraction or imitation thereof is or are the last word or words, that person or each of those persons shall, unless duly incorporated as limited liability partnership, be punishable with fine which shall not be less than fifty thousand rupees but which may extend to five lakh rupees.


 

Bare Acts: Click here for Category wise Insolvency & Bankruptcy Code, 2016, Chapter wise Companies Act, 2013, Arbitration Act and other bare acts. Click here for Rules & Regulations. Click here for Notifications & Circulars.

Disclaimer: Please refer original contents.