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Welcome to **CWG for BCOM**, India’s trusted platform for BCom & BBA law subjects.
In this video, we cover **Chapter-2 of the Limited Liability Partnership Act, 2008**, focusing on **Partners, their mutual relations, rights, duties, and liabilities in an LLP**.
This lecture is explained in **simple language**, strictly as per the **LLP Act, 2008**, with **exam-oriented points and practical examples**.

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## **Topics Covered in This Video**

### **1. Who Can Be a Partner in an LLP**

Eligibility of partners
Minimum & maximum number of partners
Body corporate as partner

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### **2. Designated Partners**

Meaning of designated partner
Requirements for appointment
Role, duties & responsibilities
DPIN (Designated Partner Identification Number)

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### **3. Relations of Partners in an LLP**

Mutual rights & duties of partners
LLP Agreement – meaning & importance
Relations governed in absence of LLP Agreement
Schedule I provisions

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### **4. Extent of Liability of Partners**

Limited liability concept
Liability of LLP
Liability of partner for own wrongful acts
Liability of partner for acts of other partners

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### **5. Unlimited Liability in Certain Cases**

Fraud and wrongful acts
Personal liability of partners in fraud cases

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### **6. Whistle Blowing (Section 31)**

Meaning of whistle blowing
Protection to whistle blowers

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### **7. Contribution of Partners**

Nature of contribution
Forms of contribution (cash, property, services)

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### **8. Exam-Focused Content**

Important sections explained
Short notes
Long answer structure
Frequently asked university questions

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## **Who Should Watch This Video?**

BCom 1st Year Semester-1 Students
BBA / LLB Foundation Students
DU / SOL / IGNOU / All Universities
Students preparing for **LLP Act 2008 exams**

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## **Related Law Lectures**

LLP Act, 2008 – Chapter-1 (Nature & Incorporation)
LLP Act, 2008 – Chapter-3 (Financial Disclosure & Winding Up)
Indian Contract Act – Important Topics
Business Law – Complete Playlist (BCom Sem-1)

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