Bill inserts LLP and sole proprietorship definitions into Company Secretaries Act
This Bill amends the Company Secretaries Act, 1980 to allow members of the Institute of Company Secretaries of India to form Limited Liability Partnerships (LLPs) and sole proprietorships. It aims to extend the benefits of the Limited Liability Partnership Act, 2008 to firms of company secretaries.
Members of the Institute of Company Secretaries of India, firms of company secretaries, and limited liability partnerships that have a company as a partner.
- Inserts new definitions for 'firm', 'partner', 'partnership', and 'sole proprietorship' in Section 2 of the principal Act.
- Defines 'firm' to include limited liability partnerships and sole proprietorships registered with the Institute.
- Defines 'partnership' to include limited liability partnerships that do not have a company as a partner.
- Adds an explanation to Section 26 clarifying that 'company' includes any limited liability partnership which has a company as its partner for the purpose of prohibiting companies from practising as Company Secretaries.
Written from the document by AI, and checked against it. The original below is authoritative.
Where this law is now — Became law (Act)
The original document
Bill passed rs
2011-12-12
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Document details
| Official title | THE COMPANY SECRETARIES (AMENDMENT) BILL, 2011 |
| Source body | Parliament of India — Bills (Lok Sabha & Rajya Sabha) |
| Reference number | XXVII |
| Status | closed (bill) |
| Year | 2010 |
| Closing date | — |
| Documents | 3 |