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    <title>Clarification Regarding Body Corporate for the Purpose of Section 226 (3) (A) of the Companies Act, 1956</title>
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    <description>The Ministry of Corporate Affairs clarified that Limited Liability Partnerships of chartered accountants will not be treated as a body corporate for the limited purpose of Section 226(3)(a) of the Companies Act, 1956, and accordingly are not disqualified from appointment as auditors under that provision; a notification has been issued to give effect to this limited exclusion.</description>
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    <pubDate>Fri, 27 May 2011 19:00:48 +0530</pubDate>
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      <description>The Ministry of Corporate Affairs clarified that Limited Liability Partnerships of chartered accountants will not be treated as a body corporate for the limited purpose of Section 226(3)(a) of the Companies Act, 1956, and accordingly are not disqualified from appointment as auditors under that provision; a notification has been issued to give effect to this limited exclusion.</description>
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