Modification of sections 90, 164, 165, 167, sub-section (5) of section 206, sub-section (3) of section 207, 252 and section 439 of the Companies Act,2013 (18 of 2013)

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....ability partnership, except where the context otherwise requires, with the modifications specified in Column (3) of the Table given below, from the date of publication of this notification in the Official Gazette, namely:- TABLE S. No. Part/Chapter/Section /Sub-section(s) in the Companies Act,2013 Modifications (1) (2) (3) 1. In section 90, in sub-section (1) to sub-section (11) (i) for the word "shares", wherever it occurs, the word "contribution" shall be substituted; (ii) for the word "company" wherever it occurs, the words "limited liability partnership" shall be substituted; (iii) for the word "member" wherever it occurs, the word "partner" shall be substituted; (iv) for the word "officer" whereve....

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....r of a limited liability partnership which is in default of clause (a) or clause (b), he shall not incur disqualification for a period of six months from the date he becomes designated partner." 3. In section 165     Sub-section(1) for sub-section (1), the following shall be substituted, namely:- "(1) No person shall become designated partner in more than twenty limited liability partnerships.";   Sub-section (3) for sub-section (3), the following shall be substituted, namely:- "(3) Any person holding office as designated partner in limited liability partnerships more than the limits as specified in sub-section (1) ,immediately before this notification shall, within a period of one year from s....

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....he words "designated partner" shall be substituted; (ii) for the word "company" wherever it occurs, the words "limited liability partnership" shall be substituted; (iii) in proviso of clause (a), for the word "companies" the words "limited liability partnerships" shall be substituted; (iv) clause (b) shall be omitted; (v) for the words "this Act" the words "the Limited Liability Partnership Act, 2008", shall be substituted; (vi) clause (h) shall be omitted;   Sub-section (2) for the word "director" wherever it occurs, the words "designated partner " shall be substituted;   Sub-section (3) for sub-section (3), the following shall be substituted, namely:- "(3) where all the designated partner....

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....i) for the words "register of companies", the words "register of limited liability partnership" shall be substituted;   Sub-section (3) (i) for the word "member", occurring at both the places the word "partner" shall be substituted; (ii) for the word "company" wherever it occurs, the words "limited liability partnership" shall be substituted; (iii) for the words "register of companies" wherever they occur, the words "register of limited liability partnership" shall be substituted; (iv) for the words "twenty years" the words "five year" shall be substituted; (v) for the words, brackets and figures "sub-section (5) of section 248", the words and figures "pursuance to section 75" shall be substituted. 8. In sect....