Professional registration requirement tightens firm eligibility under amended Companies Act provisions for partnership composition. Section 141 of the Companies Act, 2013 is proposed to be amended by inserting a further proviso requiring every partner of the firm to be registered with a statutory institute or body established under Indian law and empowered to grant such registration. The amendment adds a professional qualification and registration condition to the composition of the firm under the provision.
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.
Professional registration requirement tightens firm eligibility under amended Companies Act provisions for partnership composition.
Section 141 of the Companies Act, 2013 is proposed to be amended by inserting a further proviso requiring every partner of the firm to be registered with a statutory institute or body established under Indian law and empowered to grant such registration. The amendment adds a professional qualification and registration condition to the composition of the firm under the provision.
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