General circular No 37/2014

General circular No 37/2014 File No. 2/3/2014 CL-V Government of India Ministry of Corporate Affairs 5th Floor 'A Wing, Shastri Bhawan Dr. Rajendraa Prasad Road New Delhi 110001 Dated 14th October,2014. To AII Regional Directors, LAIROCs AlI Stakeholders Subject: Clarification with regard to Trustl trustee as a partner in the Limited Liability Partnerships (LLPs): Sir , Clarifications have been sought on whether a trust or a trustee representing a trust in the case of "Real Estate Investment Trust" (REIT) or 'Infrastructure Investment Trust" (InvlTs) or such other trusts set up under the regulations prescribed under the Securities & Exchange Board of India Act; 1992, can become a partner in an LLP. 2 The matter has been examined in consultation with the Law Ministry and it is clarified that for the purposes of these trusts it is not barred for a trustee, being a body corporate, to hold partnership in an LLP in its name without the addition of the statement that it is a trustee. 3 This issues with the approval of Competent Authority. Yours faithfully, kull Kamna Sharma Assistant Director Copy to: 1 PSO to Secretary 2. PPS to Additional Secretary 3 PS to JS (M) / JS (B) / JS (A) /JS (SP) / DII (NS) DII (RCM) 4 E-Gov. cell for uploading on the MCA website 5 Guard File.

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