Limited Liability Partnership (Amendment) Rules, 2022.
In case a Limited Liability Partnership fails to change its name or new name, as the case may be, in accordance with the direction issued under sub-section (1) of section 17 within a period of three months from the date of issue of such direction, the letters “ORDNC” (Order of Regional Director Not Complied), the year of passing of the direction, the serial number and the existing LLPIN of the LLP shall become the new name of the LLP without any further act or deed by the LLP, and the Registrar shall accordingly make entry of the new name in the register of LLP and issue a fresh certificate of incorporation in Form No. 16A
Government of Himchal Pradesh grants paid holiday to the employees on the day of poll in the state of Goa, Manipur, Punjab, Uttarkhand and Uttarpradesh.
The General Election to the legislative assemblies of Goa, Manipur, Punjab, Uttarkhand and Uttarpradesh. are scheduled to be held w.e.f 10th February 2022 to 7th March 2022 .
MCA delegates Powers under LLP Act to regional directors.
MCA has delegated certain power under section 17 of the Limited Liability Partnership Act, 2008 to the Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Guwahati which shall come into force with effect from 1st April 2022.
MCA appoints 1st April 2022 as the date on which section 1 to 29 of Limited Liability Partnership (Amendment) Act, 2021 shall come into force.
According to the Act, the central government has the authority to order an LLP to change its name for certain reasons (such as the name being undesirable or identical to a trademark pending registration). Failure to follow such instructions can result in a fine ranging from Rs 10,000 to Rs 5 lakh rupees. Instead of imposing a fine, the Act removes some of these grounds and empowers the central government to assign a new name to such an LLP.
Relaxed due date for companies to file Annual return and financial statement without additional fees
The Forms MGT-7/MGT 7A can be filed till 31.03.2022 for the financial year ended on 31.03.2021. The Forms AOC-4, AOC-4 XBRL, AOC-4 NON-XBRL, AOC-4 (CFS) can be filed till 15.03.2022 for the financial year ended on 31.03.2021 .
Governor of Tamil Nadu declares polling day as public holiday
The date on which the poll for the Ordinary Elections to the Urban Local Bodies, 2022 will take place, shall be a public holiday, in those areas wherever such poll takes place.
MCA introduces new compliances for LLP partners
The notification provides that No person, who is or has been a designated partner of limited liability partnership, as the case may be, which, has not filed financial statements or the Statement of Account and Solvency or annual returns, as the case may be, for any continuous period of three financial years; or
has failed to repay the deposits accepted by it or pay interest thereon or to redeem any debentures on the due date or pay interest due thereon or pay any dividend declared and such failure to pay or redeem continues for one
year or more, shall be eligible to become or continue as a designated partner of that limited liability partnership or to become designated partner in other limited liability partnerships for a period of five years from the date on which the said company or limited liability partnership fails to do so.
Revised Import Policy for Moong
The import policy is now revised to Restricted.
CBIC extends validity of revised standard duty of customs leviable on oil products
The prior notification dated 13 October 2021 provided that no standard duty of customs shall be leviable on Crude Soya-bean oil, whether or not degummed, Crude Palm Oil and Crude Sunflower. 17% of standard duty of customs shall be leviable on Soya-bean oil, edible grade, Refined bleached deodorized(RBD) palm oil, RBD palmolein, RBD palm stearin and any palm oil other than crude palm oil and Sunflower oil, edible grade. This validity of this notification has been extended till 13 October, 2021.
