Partner of LLP not eligible to become or continue as Designated Partner for five years on failure to file Financial Statements for any continuous three Financial Years: MCA [Read Notification]

By Taxscan Team - On February 13, 2022 11:13 am - 2 mins read

Partner of LLP - LLP - not eligible - designated partner - five years - failure - file financial statements - continuous three financial years - MCA - Taxscan

The Ministry of Corporate Affairs (MCA) has notified the Partner of LLP not eligible to become or continue as designated partner for a period of five years on failure to file financial statements for any continuous period of three financial years. In section 90 of the Limited Liability Partnership Act, 2008, in sub-section (1) to…

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