MCA withdraws Memorandum restricting Manufacturing and Allied Services in LLPs
The Ministry of Corporate Affairs ( MCA ) has withdrawn office Memorandum restricting manufacturing and Allied Services in Limited Liability Partnerships ( LLP s ). In a communication published in the MCA website said that, “Manufacturing & allied activities were restricted in LLPs vide OM No. CRC/LLP/e-Forms dated 06.03.2019. This OM invoking the restriction regarding manufacturing...
The Ministry of Corporate Affairs ( MCA ) has withdrawn office Memorandum restricting manufacturing and Allied Services in Limited Liability Partnerships ( LLP s ).
In a communication published in the MCA website said that, “Manufacturing & allied activities were restricted in LLPs vide OM No. CRC/LLP/e-Forms dated 06.03.2019. This OM invoking the restriction regarding manufacturing & allied activities has been withdrawn with immediate effect”.
Concerns were raised in various quarters about an office memorandum issued by the ministry earlier this month, wherein LLPs were restricted from manufacturing and allied activities.
An LLP is a corporate business vehicle that provides benefits of limited liability while allowing its members the flexibility for organising their internal structure as a partnership, as per the ministry.
