Section 2
Subs. by s. 3, for clause (s) (w.e.f. 1-4-2022).
2. Subs. by s. 3, for clause (s) (w.e.f. 1-4-2022).
(ii) the turnover of which, as per the Statement of Accounts and Solvency for the immediately preceding financial year, does not exceed forty lakh rupees or such higher amount, not exceeding fifty crore rupees, as may be prescribed; or
(iii) which meets such other requirements as may be prescribed, and fulfils such terms and conditions as may be prescribed;]
(u) "Tribunal" means the National Company Law Tribunal constituted under 1 [section 408] of 2 [the Companies Act, 2013 (18 of 2013)] .
(2) Words and expressions used and not defined in this Act but defined in 2 [the Companies Act, 2013 (18 of 2013)]. shall have the meanings respectively assigned to them in that Act.
CHAPTER II
NATURE OF LIMITED LIABILITY PARTNERSHIP