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Central · 2009 · Section 34A

Section 34A — Accounting and auditing standards.

The Limited Liability Partnership Act, 2008

1[The Central Government may, in consultation with the National Financial Reporting Authority constituted under section 132 of the Companies Act, 2013 (18 of 2013),--

(a) prescribe the standards of accounting; and

(b) prescribe the standards of auditing,

as recommended by the Institute of Chartered Accountants of India constituted under section 3 of the Chartered Accountants Act, 1949 (38 of 1949), for a class or classes of limited liability partnerships.]

Source notes

1. Ins. by s. 14, ibid., (w.e.f. 1-4-2022).