Legal Framework and Requirement

• Unlike companies, LLPs are not mandatorily required under the LLP Act, 2008, to maintain specific statutory registers
  
• However, for good governance and audit readiness, certain registers are recommended
  
• These registers help maintain internal transparency, partner accountability, and legal records
  
• Some information must be readily available for inspection by partners or authorities
  
• Maintenance of such records supports compliance with filings and dispute resolution
  

Register of Partners

• Contains details of all partners and designated partners
  
• Includes names, addresses, DPINs, date of appointment or cessation
  
• Records changes in partners and their respective capital contributions
  
• Useful for filing Form 4 with the Registrar in case of any partner changes
  
• Helps establish ownership, rights, and responsibilities within the LLP
  

Register of Contributions

• Documents the capital contributed by each partner at the time of joining
  
• Records additional contributions, drawings, or withdrawals made over time
  
• Must reflect the form of contribution, such as cash, property, or services
  
• Should be updated with any variations as per the LLP Agreement
  
• Serves as the financial basis for profit-sharing and voting rights
  

Register of Decisions and Resolutions

• Contains minutes of meetings, partner resolutions, and consent records
  
• Records key decisions like admission or removal of partners, change in business, or capital structure
  
• Resolutions passed for filings, audit, or dissolution are documented here
  
• Should be maintained chronologically and signed by designated partners
  
• Acts as proof of internal governance and mutual agreement
  

Books of Account and Financial Records

• Though not a register, LLPs must maintain books of account under Rule 24 of the LLP Rules
  
• Includes cash book, journal, ledger, sales and purchase records, and bank statements
  
• Must reflect the true and fair financial position of the LLP
  
• Records must be kept at the registered office for at least 8 years
  
• These are essential for filing Form 8 and for statutory audits