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Welcome to **CWG for BCOM**, India’s trusted platform for **BCom & BBA law subjects**.
In this video, we cover **Chapter-3 of the Limited Liability Partnership Act, 2008**, focusing on **Financial Disclosure and Winding Up of LLP**.
All provisions are explained **strictly as per the LLP Act, 2008**, in **simple language**, with **practical examples** and **exam-focused coverage**.

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## **Topics Covered in This Video**

### **1. Books of Account of LLP (Section 34)**

Maintenance of proper books of accounts
Cash or accrual basis of accounting
Place of keeping books
Period of preservation

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### **2. Statement of Account & Solvency**

Meaning & purpose
Time limit for preparation & filing
Responsibility of designated partners
Filing with Registrar

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### **3. Annual Return of LLP**

Meaning of Annual Return
Time limit for filing
Form used for filing
Consequences of non-compliance

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### **4. Audit of LLP Accounts**

When audit is compulsory
Audit exemption for small LLPs
Appointment of auditor
Duties of auditor

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### **5. Conversion into LLP**

Conversion of firm into LLP
Conversion of private/public company into LLP
Effects of registration of conversion (Section 58)

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### **6. Winding Up of LLP**

Meaning of winding up
Modes of winding up
Voluntary winding up
Compulsory winding up by Tribunal

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### **7. Voluntary Winding Up (LLP Rules, 2017)**

When voluntary winding up is allowed
Declaration of solvency
Role of LLP partners

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### **8. Compulsory Winding Up**

Grounds for compulsory winding up
Role of Tribunal

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### **9. Liquidator**

Appointment of liquidator
Powers & duties of liquidator

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### **10. Exam-Focused Coverage**

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 / Law Foundation Students
DU / SOL / IGNOU / All Indian 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-2: Partners, Relations & Liabilities
Indian Contract Act, 1872 – Important Topics
Sale of Goods Act, 1930 – Key Concepts
Business Law – Complete Playlist (BCom Sem-1)

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