TaxTMI 
TaxTMI 
Clarification Regarding Body Corporate for the Purpose of Section 226 (3) (A) of the Companies Act, 1956
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....larification Regarding Body Corporate for the Purpose of Section 226 (3) (A) of the Companies Act, 1956 <br>News and Press Release<br>Dated:- 27-5-2011<br><BR>Press Information Bureau Government of I....
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....ndia Ministry of Corporate Affairs 27-May-2011 18:17 IST Clarification Regarding Body Corporate for the Purpose of Section 226 (3) (A) of the Companies Act, 1956 The Ministry of Corporate Affairs ....
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....has clarified that Limited Liability Partnership of Chartered Accountants will not be treated as body corporate for the limited purpose of section226 (3) (a) under the Companies Act, 1956. Accordingly....
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...., a notification has been sent for publication by the Ministry. This clarification follows a number of representations received in the Ministry from Institute of Chartered accountants of India wherei....
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....n they have stated that under Section 226 (3) (a) of the Companies Act, 1956 a Body Corporate is disqualified from the appointment as auditor by a company. Since LLP is a body corporate as per Section....
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.... 3 (1) of the Limited Liability Partnership Act, 2008, LLP among Chartered Accountants will not be qualified for appointment as auditor under section section 226 (3) (a) under the Companies Act, 1956.....
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.... ***** ST/-<BR> News - Press release - PIB....