Application of Companies Act provisions to LLPs requires government notification subject to parliamentary draft scrutiny and possible modification. The Central Government may notify that specified provisions of the Companies Act shall apply to limited liability partnerships either directly or with such exceptions, modifications and adaptations as specified; every proposed notification must be laid in draft before each House of Parliament for a cumulative period while in session, and if both Houses agree to disapprove or to modify the notification before the expiry of the next session, the notification shall not be issued or shall be issued only in the agreed modified form.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Application of Companies Act provisions to LLPs requires government notification subject to parliamentary draft scrutiny and possible modification.
The Central Government may notify that specified provisions of the Companies Act shall apply to limited liability partnerships either directly or with such exceptions, modifications and adaptations as specified; every proposed notification must be laid in draft before each House of Parliament for a cumulative period while in session, and if both Houses agree to disapprove or to modify the notification before the expiry of the next session, the notification shall not be issued or shall be issued only in the agreed modified form.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
