LLP (Amendment) Rules, 2012

 [TO BE PUBLISHED IN THE GAZETTE: OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB SECTION (i)]

 MINISTRY OF CORPORATE AFFAIRS

 NOTIFICATION Date : 5.6.2012 

G.S.R (E)… ..–In exercise of the powers conferred by sub-section (I) 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:-

 I   (I)  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 tile 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 he 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 he 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