LLP Act 20Chapter III · Incorporation of Limited Liability Partnership and Matters Incidental Thereto
Section 20 · Penalty for improper use of words "limited liability partnership" or "LLP"
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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.
The offence at a glance
- Fine
- ₹5,00,000
- Cognizable
- Non-cognizable
- Bailable
- Bailable
- Triable by
- Special court
- Non-cognizable — Police cannot investigate without a Magistrate's order
- Bailable — Bail is your right — it can be granted at the police station
Derived from the First Schedule Part II rule — not listed section by section
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