Applicability of provisions of section 458 of the Companies Act, 2013 except proviso to subsection (1) to a limited liability partnership firm
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Applicability of Companies Act provision to limited liability partnerships extends company-law compliance to LLPs by central notification.
The Central Government, invoking powers under the Limited Liability Partnership Act, directs that Section 458 of the Companies Act, 2013-except the proviso to subsection (1)-shall apply to limited liability partnerships from the date of publication in the Official Gazette, thereby extending the operative compliance mechanisms of that Companies Act provision to LLPs.