Limited Liability Partnership Regulations, 2018

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.- Islamabad, the 10th May, 2018 NOTIFICATION S.R.O.601(I)/2018- In exercise of the powers conferred by section 53 of the Limited Liability Partnership Act, 2017 (XV of 2017), the Securities and Exchange Commission of Pakistan is pleased to make the following regulations, the same having been previously published vide S.R.O. 407(I)/2018 dated 26th March, 2018 as required by sub-section (2) of
section 53 of the Act, namely:-
CHAPTER I
PRELIMINARY

1. Short title and commencement.- (1) These regulations shall be called the
   Limited Liability Partnership Regulations, 2018.
   (2) They shall come into force at once.
2. Definitions.- (1) In these regulations, unless there is anything repugnant in the
   subject or context,-
   (a) “Act” means the Limited Liability Partnership Act, 2017 (XV of 2017); (b) “annexure” means an annexure attached to these regulations; (c) “Companies Act” means the Companies Act, 2017 (XIX of 2017); (d) “electronic documents” includes documents in any electronic form and scanned images of physical documents; (e) “e-service” means any service or means provided by the Commission for the lodging or filing of electronic documents; (f) “financial statements” in relation to LLP, includes— (i) a statement of financial position as at the end of the period; (ii) a statement of profit and loss; (iii) notes, comprising a summary of significant accounting policies and other explanatory information; (iv) comparative information in respect of the preceding period; and (v) any other statement as may be notified by the Commission; (g) “Form” means a form appended to these regulations”; (h) “incorporation documents” means the documents as prescribed under these regulations for incorporation of LLP; (i) “LLP” means Limited Liability Partnership registered under the Act;