Dual currency framework for specified LLP filings requires foreign currency use and Indian rupee payment of statutory liabilities. Section 68 is amended to allow the Central Government to require a Specified International Financial Services Centre LLP to use permitted foreign currency for filing, recording, or registering documents in the prescribed manner. Such LLP must still pay fees, fines, and penalties under the Act and rules in Indian rupees. The amendment establishes a dual currency framework for specified filings and statutory monetary liabilities.
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.
Dual currency framework for specified LLP filings requires foreign currency use and Indian rupee payment of statutory liabilities.
Section 68 is amended to allow the Central Government to require a Specified International Financial Services Centre LLP to use permitted foreign currency for filing, recording, or registering documents in the prescribed manner. Such LLP must still pay fees, fines, and penalties under the Act and rules in Indian rupees. The amendment establishes a dual currency framework for specified filings and statutory monetary liabilities.
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