 "Limited liability partnerships to disclose ‘beneficial ownership’")
Limited liability partnerships (LLPs) will have a stricter compliance regime, such as disclosing significant beneficial ownership, with the Ministry of Corporate Affairs (MCA) planning to extend various provisions of the Companies Act to the LLP Act soon.
A notification on the MCA website advised LLPs to take note of the modifications that are likely to be made soon for appropriate action.
One of the important changes with the extension of Section 90 of the Companies Act to the LLP Act means all such partnerships will have to disclose significant beneficial ownership.
The rules for disqualification of directors for non-filing of annual returns for
