Clarification regarding 'Body Corporate' for the purpose of section 226(3)(a) of the Companies Act,1956.

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..... ar of Companies, Subjects:- Clarification regarding 'Body Corporate' for the purpose of section 226(3)(a) of the Companies Act,1956. The Ministry of Corporate Affairs has received representation from the Institute of Chartered Accountants of India wherein they have stated that under section 226(3)(a) of the Companies Act, 1956 a body corporate is disqualified from appointment as audzitor by a co .....

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..... IFICATION NEW DLEHI: 23.05.2011 S.O. 1152 (E).- In exercise of the powers conferred by clause (c) of sub-section (7) of section 2 of the Companies Act, 1956 (1 of 1956), the Central Government hereby specifies, for the purpose of the said clause, the Limited Liability Partnership, a body corporate, incorporated under clause (1) of section 3 of Limited Liability Partnership Act, 2008 (6 of 2009), .....

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