- Friday, December 25, 2009, 1:40
- Company Law
- 5 views
In recent times, Ministry of Corporate Affairs has taken a number of initiatives by introducing e-stamping with MCA-21 to further facilitate the e-registration of companies. It has also made the Competition Commission of India (CCI) and Competition Appellate Tribunal (CAT) functional. Limited Liability Partnership Act has been enacted and relevant rules issued.
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- Wednesday, September 9, 2009, 2:15
- Income Tax, Partnership
- 209 views
Limited liability partnership (LLP) is essentially a partnership constituted in corporate form which has a separate legal identity distinct from its partners. Its primary advantage is the benefit of limited liability, a feature not prevalent in general partnerships. Liability of an LLP’s partners is restricted to the extent of their individual contributions to the LLP; [...]
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- Wednesday, July 22, 2009, 3:25
- Partnership
- 6 views
TAXATION OF LIMITED LIABILITY PARTNERSHIPS {PRESS NOTE, DATED 10-7-2009)LLP is a new corporate form that enables professional expertise and entrepreneurial initiative to combine, organize and operate in an innovative and efficient manner. In India, this need has long been recognised for businesses which may require a framework that provides flexibility suited to requirements of service, [...]
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- Friday, April 11, 2008, 10:19
- Income Tax
- 8 views
Even as the limited liability partnership (LLP) law is soon to become a reality, the issue of tax treatment for such entities has not yet been finalised. The Ministry for Corporate Affairs (MCA) has left it to the Finance Ministry to take a final call on the contentious issue of tax treatment for LLP firms.
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