Application of certain provision of the Companies Act 2013 to Limited Liability Partnerships

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Application of certain provision of the Companies Act 2013 to Limited Liability Partnerships

Application of certain provision of the Companies Act 2013 to Limited Liability Partnerships

Stakeholders are hereby informed that the Central Government, in Ministry of Corporate Affairs, under section 67(1) of LLP Act, 2008 will be extending Sub- sections (1) to (11) of section 90, Sub- sections (1) and (2) of section 164 , Sub-sections (1) and (3) to (6) of section 165, Sub-section (1) to (3) of section 167, Sub-section (5) of section 206, sub-section (3) of section 207, Sub-sections (1) to (3) of section 252 and Sub-sections (1) to (4) of Section 439 of the Companies Act, 2013 to limited liability Partnerships with modification and adaptation soon. Accordingly, limited liability Partnerships, Partners and Designated partners thereof are advised to take note of the same for appropriate action.

Summary of the above news in tabulated form

Section

Sub-section

Description

90

(1) to (11)

Investigation of beneficial ownership of shares in certain cases

164

(1) and (2)

Disqualifications for appointment of director

165

(1) and (3) to (6)

Number of directorships

167

(1) to (3)

Vacation of office of director

206

(5)

Power to call for information, inspect books and conduct inquiries

207

(3)

Conduct of inspection and inquiry

252

(1) to (3)

Appeal to Tribunal

439

(1) to (4)

Offences to be non-cognizable

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