Residency threshold change shortens required presence and revises statutory cross references in LLP law. Amendment to Section 7 substitutes the Explanation in sub section (1) to shorten the required period of presence to a specified count within the financial year, and replaces the block of cross references in sub section (6) with a different consecutive range of sections, thereby modifying the measurement criterion and the statutory references within the provision.
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Provisions expressly mentioned in the judgment/order text.
Residency threshold change shortens required presence and revises statutory cross references in LLP law.
Amendment to Section 7 substitutes the Explanation in sub section (1) to shorten the required period of presence to a specified count within the financial year, and replaces the block of cross references in sub section (6) with a different consecutive range of sections, thereby modifying the measurement criterion and the statutory references within the provision.
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