Home› India› Ministry of Corporate Affairs› In exercise of the powers conferred by sub sections 1 and 2 ...
Date: 05-Aug-2024 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sub sections 1 and 2 of section 79 of the Limited Liability Partnership Act,

Issued by Ministry of Corporate Affairs · Not Applicable

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

Description of the Gazette Notification

  • This gazette notification announces amendments to the Limited Liability Partnership (LLP) Rules, 2009, under the Limited Liability Partnership Act, 2008. The key amendment introduces the 'Centre for Processing Accelerated Corporate Exit' (CPACE) into the LLP regulatory framework.

Key Changes

  • The Limited Liability Partnership (Amendment) Rules, 2024, will come into force on August 27, 2024.
  • Rule 37 of the LLP Rules, 2009, is amended to include the CPACE in several instances. Specifically, references to the 'Registrar' are expanded to include 'the Centre for Processing Accelerated Corporate Exit, as the case may be'.
  • An explanation is added to clarify that CPACE refers to the office established by the Central Government vide notification number S.O. 1269(E), dated March 17, 2023, under sections 396(1) and 396(2) of the Companies Act, 2013.

Impact Analysis

Impact on LLPs

  • Potential for reduced processing times for certain LLP filings if CPACE operates efficiently.

Impact on the Registrar of LLPs

  • The Registrar needs to coordinate with CPACE to ensure seamless processing of LLP filings.

Impact on CPACE

  • The success of this amendment hinges on the effective functioning of CPACE. Delays or inefficiencies could negate the intended benefits.

Suggested Action Items

  • Clear guidelines and procedures should be published to explain how LLPs can choose between the Registrar and CPACE for different filings.

Key Entities Referenced

Limited Liability Partnership Act, 2008 (6 of 2009): The primary legislation governing Limited Liability Partnerships in India. This notification amends the rules made under this Act. Limited Liability Partnership Rules, 2009: The rules that are being amended by this notification. These rules provide the detailed procedures for LLP registration and operations. Centre for Processing Accelerated Corporate Exit (CPACE): A newly introduced entity tasked with processing certain LLP filings, aiming to streamline procedures. Companies Act, 2013 (18 of 2013): The Act under which CPACE was originally established (as referenced in the notification). Ministry of Corporate Affairs: The government ministry responsible for issuing this notification and overseeing the implementation of the LLP Act and Rules. Registrar of LLPs: The existing authority responsible for registering and regulating LLPs. Its role is now shared with CPACE for certain functions.
Official Source Record View Original Source →
See Full Document Text
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-05082024-256069 CG-DxLx-xEG-I0D5H0x8x2x0 24-256069 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (i) PART II—Section 3—Sub-section (i) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 436] नई दिल्ली, सोमवार, अगस्ट्त 5, 2024/ श्रावण 14, 1946 No. 436] NEW DELHI, MONDAY, AUGUST 5, 2024/ SHRAVANA 14, 1946 कारपोरेट कार् य मत्रं ालर् अधिसचू ना नई दिल्ली, 5 अगस्ट् त, 2024 सा.का.जन. 475(अ).— केंद्रीय सरकार, सीधित दाधयत्व भागीदारी अधिधनयि, 2008 (2009 का 6) की िारा 79 की उपिारा (1) और उपिारा (2) द्वारा प्रदत्त शधियों का प्रयोग करते हुए, सीधित दाधयत्व भागीदारी धनयि, 2009 का और संशोिन करन े के धिए धनम्नधिधित धनयि बनाती ह,ै अर्ाात ्ः- 1. (1) इन धनयिों का संधिप्त नाि सीधित दाधयत्व भागीदारी (संशोिन) धनयि, 2024 ह।ै (2) वे 27 अगस्त, 2024 स ेप्रवृत्त होंगे। 2. सीधित दाधयत्व भागीदारी धनयि, 2009 के, धनयि 37 ि,ें - (1) उपधनयि (1) ि,ें- (क) िण्ड (ि) ि,ें “रधिस्रार” शब्द के पश्चात, “,त्वररत कारपोरेट धनकास प्रसंस्करण केंद्र” शब्द अंत्ःस्र्ाधपत ककए िाएंगे; 4865 GI/2024 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i)] (ि) पहिे परन्तुक ि,ें "रधिस्रार" शब्द के पश्चात, ", त्वररत कारपोरेट धनकास प्रसंस्करण केंद्र” शब्दों को अंत्ःस्र्ाधपत ककया िाएगा; (ग) धनम्नधिधित स्पष्टीकरण अत्ःस्र्ाधपत ककया िाएगा, अर्ाात ्ः- "स्पष्टीकरण- इस उपधनयि के प्रयोिन के धिए, त्वररत कारपोरेट धनकास प्रसंस्करण केंद्र स े केंद्रीय सरकार द्वारा कंपनी अधिधनयि, 2013 (2013 का 18) की िारा 396 की उपिारा (1) और उपिारा (2) के अिीन िारी अधिसूचना संख्या का.आ. 1269(अ), तारीि 17 िाच,ा 2023 द्वारा स्र्ाधपत त्वररत कारपोरेट धनकास प्रसंस्करण केंद्र अधभप्रेत ह"ै ; (ii) उपधनयि (3) ि,ें "रधिस्रार, यकद सीधित दाधयत्व भागीदारी द्वारा इसके प्रधतकूि दशााया नहीं िाता ह,ै अर्वा रधिस्रार का सिािान ह"ै शब्दों के स्र्ान पर "रधिस्रार, त्वररत कारपोरेट धनकास प्रसंस्करण केन्द्र यकद, यर्ाधस्र्धत, सीधित दाधयत्व भागीदारी द्वारा इसके प्रधतकूि दशााया नहीं िाता ह,ै अर्वा रधिस्रार, त्वररत कारपोरेट धनकास प्रसंस्करण केन्द्र का सिािान ह"ै शब्द रि े िाएंगे, (iii) उपधनयि (4) ि,ें “रधिस्रार” शब्द के पश्चात, “त्वररत कारपोरेट धनकास प्रसंस्करण केंद्र” शब्द अंत्ःस्र्ाधपत ककए िाएगं े, [फा. स.ं 01/2/2021-सीएि-V-एिसीए-पाटा (3)] िनोि पाण्डेय, अपर सधचव रटप्पण्ः- िूि धनयि भारत के रािपत्र ि,ें अधिसूचना संख्या सा.का.धन. 229 (अ) तारीि 01 अप्रिै , 2009 के द्वारा प्रकाधशत ककय े गए र् े और अधिसूचना संख्या सा.का. धन. 803 (अ) तारीि 27 अिूबर, 2023 के द्वारा अंधति बार संशोधित ककए गए र्े। MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 5th August, 2024 G.S.R. 475(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009, namely: - 1. (1) These rules may be called the Limited Liability Partnership (Amendment) Rules, 2024. (2) They shall come into force with effect from 27th day of August, 2024. 2. In the Limited Liability Partnership Rules, 2009, in rule 37,- (i) in sub-rule (1),- (A) in clause (b), after the word "Registrar", the words "the Centre for Processing Accelerated Corporate Exit" shall be inserted; (B) in the first proviso, after the word "Registrar", the words "the Centre for Processing Accelerated Corporate Exit" shall be inserted; (C) the following Explanation shall be inserted, namely:-[भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 "Explanation.- for the purposes of this sub-rule, the Centre for Processing Accelerated Corporate Exit means the office of Centre for Processing Accelerated Corporate Exit established by the Central Government, vide notification number S.O. 1269(E), dated 17th March, 2023 issued under sub-sections (1) and (2) of section 396 of the Companies Act, 2013 (18 of 2013)"; (ii) in sub-rule (3), after the word "Registrar" occurring at both places, the words "or the Centre for Processing Accelerated Corporate Exit, as the case may be” shall be inserted; (iii) in sub-rule (4), after the word "Registrar", the words "or the Centre for Processing Accelerated Corporate Exit, as the case may be” shall be inserted; [F. No. 01/2/2021-CL-V-MCA-Part(3)] MANOJ PANDEY, Addl. Secy. Note: The principal rules, were published in the Gazette of India, vide notification number G.S.R. 229 (E) dated the 01st April, 2009 and last amended, vide notification number G.S.R 803 (E) dated the 27th October, 2023. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

Continue your research

Related Documents from Ministry of Corporate Affairs