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Monday, December 19, 2011

LS passes three bills - Dec 19,2011

The three bills will  allow

chartered accountants,





cost and works accountants and





company secretaries





to have a choice to form a business model of limited liability partnership (LLP).The 3 bills  were moved by Corporate Affairs Minister M Veerappa Moily. The three legislations have already been passed by the Rajya Sabha.
The Bills will enable ICAI, ICWAI and ICSI Members to form Firms to Offer their Services. The Bills also allow them to form Partnerships with Members of Specified Professions .

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