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LLP Act 2008 - Resident in India

Hello, Is there any chage/ammendment in number of days(182) a person should have stayed in India during immediately preceding one year for the purpose of designated partner of LLP(as per sec 7) like in OPC. Thankyou.


Aswin Chandar

Aswin Chandar

CA Foundation

11K+

14-May-22

56

Answers (5)

No.


Jitendra  Kumar

Jitendra Kumar

CA Foundation

16K+

15-May-22

Yes, Section 7 was amended w.r.t to resident of India from 182 days its 120 days The LLP (Amendment) Act, 2021 amended the Section 7(1) of the LLP Act, 2008 by substituting the words â??one hundred and eighty-two days during the immediately preceding one yearâ?? by â??one hundred and twenty days during the financial yearâ??. https://www.mca.gov.in/content/dam/mca/pdf/llpAct2021_19082021.pdf


sudha reddy

sudha reddy

Moderator

15-May-22

sudha reddy Moderator

But this has not been notified by ICAI for May 22

So should we continue writing 182days mam. Also except for those adjustments said my Ashlesha mam in YouTube ammendment, should the same old SM be read and written? Thank yoy.


Thread Starter

Aswin Chandar

Aswin Chandar

CA Foundation

11K+

15-May-22

Foundation June 22 - 1 month to go
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