SRO 1261 (I)/2018 - Notification for LLP Amendments

GOVERNMENT OF PAKISTAN
SECURITIES AND EXCHANGE COMMISSION OF PAKISTAN -.-.- Islamabad, the 10 th October, 2018 NOTIFICATION S.R.O. 1261 (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 notify the following amendments to the Limited Liability Partnership Regulations, 2018, the same having been previously published vide notification SRO 1099(I)/2018 dated September 4, 2018, namely:- In the aforesaid Regulations,- (a) regulation 10, shall be renumbered as sub-regulation (1) and thereafter the following new sub-regulation (2) shall be inserted, namely:- “(2) An LLP shall display certificate of incorporation at its registered office.”; (b) regulation 27, shall be renumbered as sub-regulation (1) and thereafter the following new sub-regulation (2) shall be inserted, namely:- “(2) An LLP shall maintain a register of partners with a statement of their ownership percentages and their associated voting rights at its registered office.”; and (c) regulation 28, shall be renumbered as sub-regulation(1) and thereafter the following new sub-regulation (2) shall be inserted namely:- “(2) An LLP shall keep copy of LLP Agreement including amended copies, if any, at its registered office.”. [No. CLD/CCD/PR(15)/2016]