9911796707
TMI BlogModification of sections 90, 164, 165, 167, sub-section (5) of section 206, sub-section (3) of section 207, 252 and section 439 of the Companies Act,2013 (18 of 2013)X X X X Extracts X X X X X X X X Extracts X X X X ..... xcept where the context otherwise requires, with the modifications specified in Column (3) of the Table given below, from the date of publication of this notification in the Official Gazette, namely:- TABLE S. No. Part/Chapter/Section /Sub-section(s) in the Companies Act,2013 Modifications (1) (2) (3) 1. In section 90, in sub-section (1) to sub-section (11) (i) for the word "shares", wherever it occurs, the word "contribution" shall be substituted; (ii) for the word "company" wherever it occurs, the words "limited liability partnership" shall be substituted; (iii) for the word "member" wherever it occurs, the word "partner" shall be substituted; (iv) for the word "officer" wherever it occurs, substitute the words "partner" or " ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... disqualification for a period of six months from the date he becomes designated partner." 3. In section 165 Sub-section(1) for sub-section (1), the following shall be substituted, namely:- "(1) No person shall become designated partner in more than twenty limited liability partnerships."; Sub-section (3) for sub-section (3), the following shall be substituted, namely:- "(3) Any person holding office as designated partner in limited liability partnerships more than the limits as specified in sub-section (1) ,immediately before this notification shall, within a period of one year from such notification ,- (a) choose not more than specified limit of those limited liability partnerships , as limited liability partnerships in which he ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds "limited liability partnerships" shall be substituted; (iv) clause (b) shall be omitted; (v) for the words "this Act" the words "the Limited Liability Partnership Act, 2008", shall be substituted; (vi) clause (h) shall be omitted; Sub-section (2) for the word "director" wherever it occurs, the words "designated partner " shall be substituted; Sub-section (3) for sub-section (3), the following shall be substituted, namely:- "(3) where all the designated partners of limited liability partnership vacate their offices under any of the disqualifications specified in sub-section (1) , the partners or, in their absence, the Central Government shall appoint the required number of designated partners who shall hold office till the designa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tituted; (iii) for the words "register of companies" wherever they occur, the words "register of limited liability partnership" shall be substituted; (iv) for the words "twenty years" the words "five year" shall be substituted; (v) for the words, brackets and figures "sub-section (5) of section 248", the words and figures "pursuance to section 75" shall be substituted. 8. In section 439 Sub-section (1) for sub-section (1), the following shall be substituted, namely:- "(1) Notwithstanding anything in the Code of Criminal Procedure, 1973, (2 of 1974) every offence under this Act shall be deemed to be non-cognizable within the meaning of the said Code."; Sub-section (2) for sub-section (2), the following shall be substituted, namely: ..... X X X X Extracts X X X X X X X X Extracts X X X X
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