Limited Liability Partnership (Amendment) Rules, 2012 - Amendment in rules 8, 18, Annexure-A and substitution of Form Nos. 1 to 31 - G.S.R. 430(E) - Limited Liability Partnership

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (I)] MINISTRY OF CORPORATE AFFAIRS Notification Dated 5-6-2012 Limited Liability Partnership (Amendment) Rules, 2012 - Amendment in rules 8, 18, Annexure-A and substitution of Form Nos. 1 to 31 G.S.R. 430(E).- In exercise of the powers conferred by sub-section (1) of section 79 of the Limited Liability Partnership Act, 2008 (6 of 2009), the Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009 namely:- 1. (1) These rules may be called the Limited Liability Partnership (Amendment) Rules, 2012. (2) They shall come into force with effect from 11th June, 2012. 2. In the Limited Liability Partnership Rules, 2009 (hereinafter referred to as the said rules), after rule 8, the following proviso shall be inserted, namely:- Provided that in case of incorporation, the individual who has given consent to act as partner or designated partner shall file consent in Form-2 along with fee as mentioned in annexure-A. 3. in the said rules, in rule 18, in sub-rule (2) - ( a ) in clause ( ix ), the following proviso shall be inserted, namely:- 'Provided that the name shall be reserved, in case the No Objection Certificate is granted by the registered Limited Liability Partnership or company, as the case may be'; ( b ) for clause ( xiii ), the following clause shall be substituted, namely:- ( xiii ) it includes words like 'Bank', Insurance', and 'Banking', 'Venture capital' or 'mutual fund' or business activity includes the words like 'Bank', Insurance', and 'Banking', 'Venture capital' or 'mutual fund' or such similar names without the approval of regulatory authority: Provided that the approval of regulatory authority shall be obtained at the time of application for incorporation or change of name of an existing Limited Liability Partnership, as the case may be. ; ( c ) in clause ( xvi ), the following proviso shall be inserted, namely:- Provided that the approval of the council governing the profession shall be obtained at the time of application for incorporation or change of name of an existing Limited Liability Partnership, as the case may be. 4. In Annexure 'A' of the said rules, - ( a ) after para 3, the following para shall be inserted, namely:- 3A. For filing, registering or recording notice of appointment, cessation, change in name, address, designation of a partner or designated partner, intimation of Designated Partner Identification Number and consent to become a partner or designated partner in Form 4. ₹ 50 ; ( b ) in para 4, after item ( e ), the following item shall be inserted, namely :- ( f ) An application for striking off name of defunct Limited Liability Partnership under rule 37 ₹ 500 . 5. 1 [ In the said rules, Form 32 has been inserted and for Forms 1, 2, 3, 4, 5, 8, 11, 12, 15, 17, 18, 22, 23, 24, 25, 27, 28, 29, 31, the following forms shall be substituted, namely :- ] Click Here to See full Notifications Forms [F.No. 1/1/2011-CL.V], Renuka Kumar Joint Secretary to Govt. of India Note:- The Principal rules were published vide number G.S.R. 229(E), dated 1 st April, 2009 was last amended vide number G.S.R. 796(E), dated 4 th November, 2011 ----------------- Notes:- 1. Corrected vide GSR 485(E) - Dated 21-6-2012, before it was read as, In the said rules, for Forms 1 to 31, the following forms shall be substituted, namely:-