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Section 25 - Insertion of new section 76A. - THE LIMITED LIABILITY PARTNERSHIP (AMENDMENT) ACT, 2021

Extract

..... cating officers, specify their jurisdiction in the order under sub-section (1). (3) The adjudicating officer may, by an order- (a) impose the penalty on the limited liability partnership or its partners or designated partners or any other person, as the case may be, stating therein any non-compliance or default under the relevant provisions of this Act: Provided that in case default relates to non-compliance of sub-section (3) of section 34 or sub-section (1) of section 35 and such default has b .....

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Section 25 - Insertion of new section 76A. - THE LIMITED LIABILITY PARTNERSHIP (AMENDMENT) ACT, 2021

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..... is proviso, the expression “start-up limited liability partnership” means a limited liability partnership incorporated under this Act and recognised as such in accordance with the notifications issued by the Central Government from time to time. (b) direct such limited liability partnership or its partner or designated partner or any other person, as the case may be, to rectify the default, wherever he considers fit for reasons to be recorded in writing. (4) The adjudicating officer .....

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Section 25 - Insertion of new section 76A. - THE LIMITED LIABILITY PARTNERSHIP (AMENDMENT) ACT, 2021

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..... the order appealed against. (8) Where a limited liability partnership fails to comply with the order made under sub-section (3) or sub-section (7), as the case may be, within a period of ninety days from the date of receipt of the copy of the order, such limited liability partnership shall be punishable with fine which shall not be less than twenty-five thousand rupees, but may extend to five lakh rupees. (9) Where a partner or designated partner of a limited liability partnership or any other .....

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Section 25 - Insertion of new section 76A. - THE LIMITED LIABILITY PARTNERSHIP (AMENDMENT) ACT, 2021

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