TMI BlogMEMORANDUM REGARDING DELEGATED LEGISLATIONX X X X Extracts X X X X X X X X Extracts X X X X ..... o any LLP or shall apply to any LLP with such exception, modification and adaptation as may be specified in the notification. 3. Clause 78 of the Bill confers power upon the Central Government to alter any of the provisions contained in any of the Schedules to this Act publication of notification in the Official Gazette. 4. Clause 79 of the Bill confers power upon the Central Government to make rules for carrying out the purposes of the Bill. The matters in respect of which rules may be made relate, inter alia, to provide for form and manner of prior consent to be given by designated partner under sub-section (3) of section 7; form and manner of particulars of every individual agreeing to act as designated partner of LLP under sub ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... uthentication of the statement under items (a), (b) and (c) of sub-clause (3) of clause 25; manner of accounting and disclosure of monetary value of contribution of a partner under sub-clause (2) of clause 32; books of account and the period of their maintenance under sub-clause (1) of clause 34; form of statement of Account and Solvency under sub-clause (2) of clause 34; form, manner and time of filing of statement of account and solvency and the amount of fee payable under sub-clause (3) of clause 34; the manner in which the accounts of a LLP shall be audited under sub-clause (4) of clause 34; form and manner of filing of annual return under sub-clause (3) of clause 35; manner and amount of fee payable for inspection of incorporation docu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agraph 4 of the Third Schedule; form and manner of the statement and amount of fees payable under sub-paragraph (a) of paragraph 4 of the Fourth Schedule; manner and form of particulars about conversion under proviso to paragraph 5 of the Fourth Schedule; any other matter which is to be, or may be, prescribed in respect of which provision is to be, or may be, made by rules. 5. Clause 80 of the Bill empowers the Central Government to remove, by order, any difficulty which may arise in giving effect to the proposed legislation. It has been provided that no such order shall be made after the expiry of a period of two years from the date of commencement of the proposed legislation. It has also been provided that a copy of every such order ..... X X X X Extracts X X X X X X X X Extracts X X X X
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