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Core Purpose

Notification amending the Limited Liability Partnership Rules, 2009 to insert references to the Centre for Processing Accelerated Corporate Exit alongside the Registrar in rule 37 governing striking off names of defunct LLPs.

Detailed Summary

The Ministry of Corporate Affairs issued notification G.S.R. 475(E) dated 5th August 2024, making the Limited Liability Partnership (Amendment) Rules, 2024 under sub-sections (1) and (2) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), effective from 27th August 2024, which amend rule 37 of the Limited Liability Partnership Rules, 2009 by inserting references to the "Centre for Processing Accelerated Corporate Exit" alongside the "Registrar" in sub-rule (1) clause (b), the first proviso to sub-rule (1), sub-rule (3) (at both occurrences) and sub-rule (4), and by adding an Explanation defining the Centre for Processing Accelerated Corporate Exit as the office established by the Central Government vide notification 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); the notification is signed by Manoj Pandey, Additional Secretary, under file number F. No. 01/2/2021-CL-V-MCA-Part(3), and notes that the principal Limited Liability Partnership Rules, 2009 were published vide G.S.R. 229(E) dated 1st April 2009 and last amended vide G.S.R. 803(E) dated 27th October 2023.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-05082024-256069 EXTRAORDINARY PART II-Section 3-Sub-section (i) PUBLISHED BY AUTHORITY No. 436] NEW DELHI, MONDAY, AUGUST 5, 2024/ SHRAVANA 14, 1946 4865 GI/2024 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:- "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.

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