TaxTMI 
TaxTMI 
MEMORANDUM REGARDING DELEGATED LEGISLATION
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.... accountant or company secretary in practice, where a limited liability partnership engaged such professionals in its formation or incorporation. Clause 6 of the Bill empowers the Central Government to make rules under the proviso to sub-section (2) of section 23 of the Limited Liability Partnership Act, 2008, in respect of the class or classes of limited liability partnerships regulated by the Securities and Exchange Board of India (SEBI), or by the International Financial Services Centres Authority (IFSCA), and the requirement of filing changes in the limited liability partnership agreement to the Registrar, by such limited liability partnerships. Clause 7 of the Bill empowers the Central Government to make rules under the proviso to sub-section (2) of section 25 of the Limited Liability Partnership Act, 2008, in respect of the class or classes of limited liability partnerships regulated by the SEBI, or the IFSCA, and the form and manner of furnishing the details of changes in partners to the Registrar on an annual basis, by such limited liability partnerships. Clause 12 of the Bill empowers the Central Government to make rules under the explanation to section 57A of the....
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....Corporate Laws (Amendment) Act, 2026, the provision has been amended to provide for adjudication under section 76A. Clause 17 of the Bill empowers the Central Government to make rules under paragraph 4(a) of the Fifth Schedule of the Limited Liability Partnership Act, 2008, in respect of the form and manner, and such fee for the statement by all of its trustees, containing the particulars as given under paragraph 4(a). It further empowers the Central Government to make rules under paragraph 5 of the Fifth Schedule, in respect of the form and manner in which the limited liability partnership shall inform the concerned authority about the conversion and of the particulars of the limited liability partnership. Clause 18 of the Bill empowers the Central Government to make rules under clause (41) of section 2 of the Companies Act, 2013, in respect of the form and manner of an application made to the Central Government by a company or body corporate referred to in the first proviso to clause (41) of section (2) or, on commercial considerations, by any other company or body corporate, to realign its financial year as the period ending on the 31st day of March of the following yea....
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....ks within a period of one year. Clause 30 of the Bill empowers the Central Government to make rules under the proviso to sub-section (1) of section 77 of the Companies Act, 2013, in respect of the class or classes of companies for which the period of "sixty days" in clause (b) of the second proviso shall be read as "one hundred and twenty days". Clause 32 of the Bill empowers the Central Government to make rules under sub-section (3) of section 96 of the Companies Act, 2013, in respect of the manner, terms and conditions for a company to hold its annual general meeting through video conferencing or other audio-visual means, either wholly or partly. Clause 34 of the Bill empowers the Central Government to make rules under sub-section (7) of section 100 of the Companies Act, 2013, in respect of the manner, terms and conditions for a company to hold its extraordinary general meeting through video conferencing or other audio-visual means, either wholly or partly. Clause 35 of the Bill empowers the Central Government to make rules under sub-section (1) of section 101 of the Companies Act, 2013, in respect of the period for notice and the manner of issuing notice by a company....
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....of higher amount which would need to be spent in pursuant of CSR Policy for the purpose of requirement of constitution of CSR Committee. It also empowers the Central Government under sub-section (10) to make rules in respect of the class or classes of companies and the conditions which must be fulfilled by such companies, which shall not be required to comply with the provisions of section 135. Clause 44 of the Bill empowers the Central Government to make rules under sub-section (12) of section 139 of the Companies Act, 2013, in respect of the class or classes of companies, and the conditions which must be fulfilled by such companies, which shall not be required to appoint auditors under Chapter X of the Companies Act, 2013. Clause 46 of the Bill empowers the Central Government to make rules under the proviso to section 144 of the Companies Act, 2013, in respect of the class or classes of companies, of which the auditor or audit firm, shall not provide, directly or indirectly, any non-audit services to the company or its holding or subsidiary. Clause 48 of the Bill empowers the Central Government to make rules under sub-section (1A) of section 148 of the Companies Act, 201....
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.... a whole-time key managerial personnel who is not a director. It further empowers the Central Government to make rules under the proviso to sub-section (1) of section 203A, in respect of the manner in which the said key managerial personnel may forward a copy of his resignation along with detailed reasons for his resignation to the Registrar. Clause 69 of the Bill empowers the Central Government to make rules under clause (b) of sub-section (1) of section 233 of the Companies Act, 2013, in respect of the manner in which the meeting of members or class of members present and voting shall be held for approval of the scheme. Clause 70 of the Bill empowers the Central Government to make rules under sub-section (1) of section 233A of the Companies Act, 2013, in respect of the manner in which shares held by a transferee company in its own name or in the name of any trust (whether on its behalf or on behalf of any of its subsidiary or associate companies) shall be dealt with or disposed of. It further empowers the Central Government to make rules under sub-section (2) of section 233A, in respect of the manner in which shares shall be cancelled and extinguished by the company where i....
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....iled by all the members or partners in the event of registration under Part I of Chapter XXI of the Companies Act, 2013. Clause 87 of the Bill empowers the Central Government to make rules under sub-section (1) of section 378ZF of the Companies Act, 2013, in respect of such other amount of average annual turnover in each of the three consecutive financial years for requiring a Producer Company to appoint an internal auditor. It further empowers the Central Government to make rules under sub-section (2) of section 378ZF, in respect of the manner and the intervals in which the internal audit shall be conducted and reported to the Board. Clause 91 of the Bill empowers the Central Government to make rules under sub-section (1A) of section 396 of the Companies Act, 2013, in respect of the powers and duties that may be exercisable by the Regional Directors, Additional Regional Directors or Joint Regional Directors or Deputy Regional Directors, appointed by the Central Government for discharge of various functions under the Companies Act, 2013. Clause 92 of the Bill empowers the Central Government to make rules under section 396A of the Companies Act, 2013, in respect of the form....
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....Clause 103 of the Bill empowers the Central Government to make rules under sub-section (3) of section 454C of the Companies Act, 2013, in respect of the form and manner of filing an application in writing to the Specified Authority by any person, against whom any proceeding has been initiated for contravention of any provision referred to in sub-section (1) of section 454C. It further empowers the Central Government to make rules under sub-section (5) of section 454C of the Companies Act, 2013, in respect of the terms and manner of implementation of settlement and monitoring, and the sum on payment of which the Specified Authority may agree to the proposal of settlement. It also empowers the Central Government to make rules under sub-section (6) of section 454C of the Companies Act, 2013, in respect of the time within which the Specified Authority and applicant concerned do not reach an agreement on the terms of settlement, before it rejects the application for settlement the proceedings initiated against the applicant are continued. It also empowers the Central Government to make rules under sub-section (7) of section 454C of the Companies Act, 2013, in respect of the manner....