Restrictions on LLP contributions may be ordered when required beneficial ownership information is missing or unsatisfactory. Reporting limited liability partnerships may apply to the Tribunal where required information under Form No. LLP BEN-4 is not furnished within the specified time or is unsatisfactory under sub section (7) of section 90 of the Companies Act, 2013. The Tribunal may order that the contribution in question be subject to restrictions it deems fit, including restrictions on transfer of the interest, suspension of rights to profits or distributions, suspension of voting rights, or any other restriction on rights attached to the contribution.
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.
Restrictions on LLP contributions may be ordered when required beneficial ownership information is missing or unsatisfactory.
Reporting limited liability partnerships may apply to the Tribunal where required information under Form No. LLP BEN-4 is not furnished within the specified time or is unsatisfactory under sub section (7) of section 90 of the Companies Act, 2013. The Tribunal may order that the contribution in question be subject to restrictions it deems fit, including restrictions on transfer of the interest, suspension of rights to profits or distributions, suspension of voting rights, or any other restriction on rights attached to the contribution.
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 
