Limited liability partnership incorporation rules tightened with subscriber compliance statements, professional declarations, and IFSC objects requirements. Amendment of section 11 of the Limited Liability Partnership Act, 2008 revises incorporation filing requirements by requiring a subscriber's compliance ... Summary
Limited liability partnership incorporation rules tightened with subscriber compliance statements, professional declarations, and IFSC objects requirements.
Amendment of section 11 of the Limited Liability Partnership Act, 2008 revises incorporation filing requirements by requiring a subscriber's compliance statement with the incorporation document and, where professionals were engaged in formation or incorporation, a prescribed declaration by the relevant practitioner. It also requires a Specified International Financial Services Centre LLP to state objects covering permitted financial services activities and related matters in accordance with regulatory requirements specified by the International Financial Services Centres Authority.
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