Ministry has clarified by ways of notification dated 23.05.2011 that Limited Liability Partnership (LLP) will be treated as Body Corporate for the purpose of Section 226(3)(a).
Accordingly, a Limited Liability Partnership (LLP) can not be appointed as Auditors of the Company
It has further been clarified that the LLP will be treated as Body Corporate for limited purpose of Section 226(3)(a) only.
Detailed Notification attached.
Attached File : 112299 723442 llp as body corporate so e 23may2011.pdf downloaded: 121 times
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