The government has amended certain rules pertaining to Limited Liability Partnership (LLP) entities, which now require to have national emblem on their certificate of incorporation.
The changes, effective from today, have been made by the Corporate Affairs Ministry which is implementing the LLP Act.
In an LLP, the partners have limited liabilities and the entity has features of both partnerships and corporations.
Under the revised rules, the national emblem would be there in the certificate of incorporation. The same would be applicable for certificates of registration on conversion and establishment of place of business in India.
Among others, entities that are converting themselves into an LLP have to intimate the same to the Ministry through a particular form within 15 days from registering itself as an LLP.
The changes are part of the LLP (Amendment) Rules, 2015, that was notified last week.
The LLP Act, 2008, was notified by the government in 2009 and thousands of LLPs have been registered in the country.
