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Law of Partnership

Law of Partnership

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Description
Including Limited Liability Partnership
The last edition of this publication brought out in February 2010 was sold out soon thereafter, and there was persistent demand from legal fraternity as well as trade for another edition. Since, however, the legal framework for Limited Liability Partnerships was at a nascent stage and had not stabilised, it was considered expedient by the Publishers to wait till the law on the subject was somewhat final. This process was somewhat completed only with publication and coming into effect of the Limited Liability Partnership {Winding up and Dissolution) Rules, on July 10, 2012. It was also natural that the pace of registration of L.L.Ps was initially slow and picked up some speed only in the later years, and accordingly, there was practically very little experience of the working of the Act and Rules made thereunder. This explains the gap of over 5 years between the present and last edition.
The first edition was monumental work of erudite and scholarly author Late Shri C. L. Gupta. The preface to that edition (reproduced at page vii infra) explains the approach, sweep and thrust of this work which remained intact in the subsequent editions. The revision and updating in the third edition bear the imprint of critical judicial analysis of (Late) (Retd.) Justice P. N. Bakshi, and his deep and vast legal knowledge of finer points of laws. The revising authors, with their vast knowledge and experience, admirably handled the work of updating as incorporating new law of Limited Liability Partnership. Extracts from the preface to that Edition reproduced infra, vividly brings out their contribution.
I am confident that the present edition would provide valuable help to the legal fraternity and those who are connected with observance and administration of law on Partnerships including Limited Liability Partnerships.
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Contents
Division I The Indian Partnership Act,1932
Division II Limited Liablity Partnership
Limited Liablity Partnership Rules, 2009
Limited Liablity Partnership (Winding up and Dissoluition) Rules,2009
Division III Model Draft Deeds of Partnership
Division IV Appendices
Comprative Chart
Abbreviations
Table of Cases
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