Roop's Law Assist
Waitlist

All the Regional Directors,

88beb44087f6aa7441c59f1152509ab69cfe244d · 2008 · State unknown

Download PDFParent ActBack to Subordinates
Parent: THE LIMITED LIABILITY PARTNERSHIP ACT, 2008 (0dd30192fbb2246bc3a15eb9ced22ad277171774)

Text

t All the Regional Directors, All the Registrar of Companies / Official Liquidators, All Stakeholders, Sub: Whether Hindu Undivided Familv (HUF) / its Karta can become partner aesienated Partner (DPl in Limited Liabilitv Partnership (LLP). Sir, It has come to the notice of the Ministry that some Hindu Undivided Families (HUFs) / Kartas of such families are applying to become partner/ Designated partner (DP) in LLPs and a question has arisen whether a 'HUF' or a karta can be allowed to do so. The matter has been examined in consultation with Ministry of Law. As per section 5 of LLP Act, 2008 only an individual or body corporate may be a partner in a Limited Liability Partnership. A HUF cannot be treated as a body corporate for the purposes of LLP Act, 2008. Therefore, a HUF or its karta can not become designated partner in LLP. This issues with the approval of Secretary, MCA Copy to: All Concerned. PS to CAM. PPS to Secretary, Additional Secretary, Joint Secretaries F.No. Ilt3/2012-cL-V Government of India Ministry of Corporate Affairs 5th Floor, A Wing, Shastri Bhavan Dr. R.P. Road, New Delhi-110 001. Dated 29th July,2013 Yours fa Yours fa

Rule TOC

No rule index available.

All the Regional Directors, — THE LIMITED LIABILITY PARTNERSHIP ACT, 2008 — Roop's Law Assist Statutes