Inclusion of Centre for Processing Accelerated Corporate Exit expands authority under Rule 37 to process striking off of defunct LLPs.
The amendment designates the Centre for Processing Accelerated Corporate Exit as an alternate authority alongside the Registrar under Rule 37 for functions related to striking off names of defunct LLPs, adding the Centre after references to the Registrar in sub rule (1) clause (b) and the first proviso, and inserting similar language in sub rules (3) and (4); it also inserts an Explanation defining the Centre as the office established by the Central Government under section 396 of the Companies Act, 2013.