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.
LLP can not be apointed as Auditors
CS Ankur Srivastava (Company Secretary & Compliance Officer) (17853 Points)
25 May 2011
CAclubindia
