 bill no xxvii of 2010 the company secretaries (amendment) bill, 2010 a billfurther to amend the company secretaries act, 1980be it enacted by parliament in the sixty-first year of the republic of india as follows:—1 (1) this act may be called the company secretaries (amendment) act, 2010short title and commencement    (2) it shall come into force on such date as the central government may, by notificationin the official gazette, appointamendment of section 256 of 19802 in the company secretaries act, 1980 (hereinafter referred to as the principal act), insection 2, in sub-section (1)—(i) after clause (f), the following clause shall be inserted, namely:—9 of 1932'(fa) "firm" shall have the meaning assigned to it in section 4 of the indian partnership act, 1932, and includes,—6 of 2009(i) the limited liability partnership as defined in clause (n) of subsection (1) of section 2 of the limited liability partnership act, 2008;or(ii) the sole proprietorship, registered with the institute;'; (ii) after clause (ga), the following clauses shall be inserted, namely:—9 of 1932'(gb) "partner" shall have the meaning assigned to it in section 4 of the indian partnership act, 1932 or in clause (q) of sub-section (1) of section 2 of the limited liability partnership act, 2008, as the case may be;6 of 2009(gc) "partnership" means—9 of 1932(a) a partnership as defined in section 4 of the indian partnership act, 1932; or(b) a limited liability partnership which has no company as its partner;';(iii) after clause (j), the following clause shall be inserted, namely:—'( jj) "sole proprietorship" means an individual who engages himself in the practice of the profession of the company secretaries or offers to perform services referred to in clauses (b) to (f) of sub-section (2);';amendment of section 263 in section 26 of the principal act, in sub-section (1), the following explanation shall be inserted, namely:—'explanation—for the removal of doubts, it is hereby decleared that the"company" shall include any limited liability partnership which has company as its partner for the purposes of this section' statement of objects and reasonsthe company secretaries act, 1980 has been enacted to make provision for the regulation of the profession of the company secretaries the said act was amended in 2006 by the company secretaries  (amendment) act, 2006, inter alia, to enable the members of the institute of company secretaries of india to form multi-disciplinary firms and offer multiprofessional services in a competitive and commercial manner2 subsequently, the limited liability partnership act, 2008 has been enacted to make provisions for the formation and regulation of limited liability partnerships and for matters connected therewith or incidental thereto the limited liability partnership will be a separate legal entity, liable to the full extent of its assets, with the liability of the partners being limited to their agreed contribution in the limited liability partnership which may be of tangible or intangible nature or both tangible and intangible in nature3 it is proposed to extend the benefits of the limited liability partnership act, 2008 to the firms of  company secretaries  under the company secretaries  act, 1980 and to amend the provisions of the said act4 section 2 of the company  secretaries act, 1980 inter alia, provides that a member of the institute of company secretaries of india shall be deemed to be in practice when individually or in partnership with one or more members of the institute in practice or in partnership with members of such other recognised professions as may be prescribed5 the  company  secretaries (amendment) bill, 2010 proposes to amend  the company secretaries act, 1980 to apply certain provisions of the limited liabibity partnership act, 2008 to the  company   secretaries act, 1980 in order to allow the members of the professional institute governed by the company  secretaries act, 1980 to form the limited liability partnership and insert new definitions of "firm", "partner", "partnership" and "sole proprietorship" for the said purpose6 the bill seeks to achieve the above objectivesnew delhi;salman khurshidthe 15th april, 2010 financial memorandumclause 2  and clause 3 of the bill seeks to extend the benefits of the limited liability partnership act, 2008 to the firms of company secretaries under the company secretaries act, 1980 the provisions of the bill will not involve any expenditure of  recurring or nonrecurring nature from the consolidated fund of india annexure extracts from the company secretaries act, 1980 (57 of 1980)    2 (1) in this act, unless the context otherwise requires,—    definitions and interpretation26 (1) no company, whether incorporated in india or elsewhere, shall practise as company secretariescompanies not to engage in company secretaryship———— a bill further to amend the company secretaries act, 1980————(shri salman khurshid, minister of corporate affairs)