Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>LLP Must Apply for Tribunal Action if Beneficial Owner Fails to Provide Info Under Rule 9 of 2023 Rules.</h1> The Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023, under Rule 9, mandates that a reporting LLP must apply to the Tribunal if a person fails to provide necessary information via Form No. LLP BEN-4 within the specified time or if the information provided is unsatisfactory. The Tribunal may impose restrictions on the contribution in question, such as limiting transfer rights, suspending profit distribution or voting rights, or any other restrictions deemed appropriate, as per sub-section (7) of section 90 of the Companies Act, 2013.