Announcement regarding planning of extension of few of the provisions of the Companies Act 2013 to the LLP Act, 2008 by CL&CGC ICAI

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NON-ACADEMIC ICAI UPDATE (NOT RELEVANT FOR EXAMS BUT FOR GENERAL AWARENESS)

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Please find text of the Planning of extension of few of the provisions of the Companies Act 2013 to the LLP Act, 2008 by CL&CGC ICAI notification below –

Planning of extension of few of the provisions of the Companies Act 2013 to the LLP Act, 2008 by CL&CGC ICAI

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Corporate Laws & Corporate Governance Committee The Institute of Chartered Accountants of India

1st  March, 2021

ANNOUNCEMENT

Sub: Planning of extension of few of the provisions of the Companies Act, 2013 to the LLP Act, 2008

This is to inform you that the Ministry of Corporate Affairs has issued an announcement regarding planning of extension of few of the provisions of the Companies Act, 2013 with some modifications and adaptations, to the LLP Act, 2008 vide its power drawn from Section 67(1) of the LLP Act, 2008. The said provisions which are planned to be extended to LLP Act, 2008 are as follows:

SNo.Section of the Companies Act, 2013Particulars
1Section 90(1) to 90(11)Register of significant beneficial owners in a company
2Section 164(1) & 164(2)Disqualifications for Appointment of Director
3Section 165(1), 165(3) to 165(6)Number of Directorships
4Section 167(1) to 167(3)Vacation of Office of Director
5Section 206(5)Power to Call for Information, Inspect Books and Conduct Inquiries
6Section 207(3)Conduct of Inspection and Inquiry
7Section 252(1) to 252(3)Appeal to Tribunal
8Section 439(1) to 439(4)Offences to be Non-cognizable

In this regard, limited liability Partnerships (LLP), Partners and Designated partners thereof are advised to take note of the same for appropriate action.

Announcement is available at the link- http://www.mca.gov.in/

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Members may note the above.

Sincerely Yours,

Chairman and Vice Chairman

Corporate Laws & Corporate Governance Committee The Institute of Chartered Accountants of India

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Official Link of Planning of extension of few of the provisions of the Companies Act 2013 to the LLP Act, 2008 by CL&CGC ICAI notification can be accessed from below –

https://resource.cdn.icai.org/63195clcgc51149.pdf

That’s all for now. Stay Connected for more such authentic updates.

Jai Hind, Vande Mataram
Team CA Study

Announcement regarding planning of extension of few of the provisions of the Companies Act 2013 to the LLP Act, 2008 by CL&CGC ICAI 1

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