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of <h1>Central Government Applies Section 458 of Companies Act to LLPs, Excluding Subsection (1) Proviso, Effective April 2015</h1> The Central Government, under the authority of the Limited Liability Partnership Act, 2008, mandates the application of Section 458 of the Companies Act, 2013, to limited liability partnerships, excluding the proviso to subsection (1). This directive is effective from the date of its publication in the Official Gazette, as per notification number F. No. 1/2/2013-CL-V, issued by the Ministry of Corporate Affairs on April 29, 2015.
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