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MCA has issued an announcement regarding the planning of extension of a few of the provisions of the Companies Act, 2013 with some modifications and adaptations, to the LLP Act, 2008 vide its power drawn from Section 67(1) of the LLP Act, 2008. Read the official announcement below:

ANNOUNCEMENT

Sub: Planning of extension of few of the provisions of the Companies Act, 2013 to the LLP Act, 2008

This is to inform you that the Ministry of Corporate Affairs has issued an announcement regarding planning of extension of few of the provisions of the Companies Act, 2013 with some modifications and adaptations, to the LLP Act, 2008 vide its power drawn from Section 67(1) of the LLP Act, 2008. The said provisions which are planned to be extended to LLP Act, 2008 are as follows:

S No.

Section of the Companies Act, 2013

Particulars

1

Section 90(1) to 90(11)

Register of significant beneficial owners in a company

2

Section 164(1) & 164(2)

Disqualifications for Appointment of Director

3

Section 165(1), 165(3) to 165(6)

Number of Directorships

4

Section 167(1) to 167(3)

Vacation of Office of Director

5

Section 206(5)

Power to Call for Information, Inspect Books and Conduct Inquiries

6

Section 207(3)

Conduct of Inspection and Inquiry

7

Section 252(1) to 252(3)

Appeal to Tribunal

8

Section 439(1) to 439(4)

Offences to be Non-cognizable

In this regard, limited liability Partnerships (LLP), Partners and Designated partners thereof are advised to take note of the same for appropriate action.

Announcement is available at the link- http://www.mca.gov.in/

Members may note the above.

Sincerely Yours,

Chairman and Vice Chairman
Corporate Laws & Corporate Governance Committee The Institute of Chartered Accountants of India

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