Application of Companies Act provisions to LLPs by government notification, subject to parliamentary scrutiny and modification. The Central Government may, by notification, direct that specified provisions of the Companies Act shall apply to any limited liability partnership either directly or with such exceptions, modifications and adaptations as specified. A draft notification must be laid before both Houses of Parliament for thirty days across sessions, and if both Houses disapprove or agree modifications before the expiry of the next session, the notification shall not be issued or shall be issued only in the agreed modified form.
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Provisions expressly mentioned in the judgment/order text.
Application of Companies Act provisions to LLPs by government notification, subject to parliamentary scrutiny and modification.
The Central Government may, by notification, direct that specified provisions of the Companies Act shall apply to any limited liability partnership either directly or with such exceptions, modifications and adaptations as specified. A draft notification must be laid before both Houses of Parliament for thirty days across sessions, and if both Houses disapprove or agree modifications before the expiry of the next session, the notification shall not be issued or shall be issued only in the agreed modified form.
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