Quick Summary
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.
FAQ :
The Ministry of Corporate Affairs (MCA) is extending certain provisions of the Companies Act, 2013 to Limited Liability Partnerships (LLPs).
Several sections are being extended, including parts of Section 90, 164, 165, 167, 206, 207, 252, and 439 of the Companies Act, 2013.
This extension is being carried out under Section 67(1) of the LLP Act, 2008.
LLPs, their partners, and designated partners should be aware of these changes and take appropriate action as the Companies Act provisions will apply to them with modifications.
The article states that these provisions will be extended 'soon', indicating an upcoming implementation.
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