Registrar requisition compliance under LLP law attracts a penalty for failure without lawful excuse. Section 38 of the Limited Liability Partnership Act, 2008 is amended by omitting the words "or requisition" from sub-section (3) and inserting a new ... Summary
Registrar requisition compliance under LLP law attracts a penalty for failure without lawful excuse.
Section 38 of the Limited Liability Partnership Act, 2008 is amended by omitting the words "or requisition" from sub-section (3) and inserting a new sub-section imposing a penalty for failure, without lawful excuse, to comply with any requisition of the Registrar under that section, other than summons. The new provision creates a specific penalty consequence for non-compliance with the Registrar's requisitions while expressly excluding summons from its scope.
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