MCA notifies LLP (Amendment) Rules, 2022; inserts provisions w.r.t. allotment of new name to existing LLP
- Blog|News|Company Law|
- 2 Min Read
- By Taxmann
- |
- Last Updated on 15 February, 2022
Latest from Taxmann
Notification G.S.R. 109(E), Dated: 11.02.2022
The Government has notified Limited Liability Partnership (Amendment) Rules, 2022. Amendment has been made in rules 5, 18, 19 and 37. New rules are added w.r.t Allotment of a new name to existing LLP u/s 17 (3), Adjudication of penalties, Appeal against order of adjudicating officer, Registration of appeal and Disposal of appeal by Regional Director. Further, also two new forms are notified Form 16A and Form 33.CG also revised the fee norms for LLP by substituting the existing Annexure A.
A new Rule 19A has been inserted which provides that in case a Limited Liability Partnership fails to change its name or new name in accordance to the directions issued under section 17(1) within three months from the date of issue of such direction, the letter “ORDNC” i.e. ‘Order of Regional Director Not Complied’ the year of passing of the direction, the serial number and the existing LLPIN of the LLP shall become the new name of the LLP without any further act or deed by the LLP, and the Registrar shall accordingly make entry of the new name in the register of LLP and issue a fresh certificate of incorporation in Form No. 16A
The LLP whose name has been changed u/s 17(3) shall at once make necessary compliance with section 21 and the statement “Order of Regional Director Not Complied (under section 17 of the LLP Act, 2008)” shall be mentioned in brackets below the name of LLP on its invoices, official correspondence, and publications.
Click Here To Read The Full Notification
Check out Taxmann's Latest Publications on Limited Liability Partnerships (LLPs)
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
