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Corporate Law : Learn the official guidelines for using the Startup India logo, who needs approval, and the application process to ensure legal co...
Corporate Law : Learn about the legal process of handing over common areas in apartment projects under RERA, including promoter and association re...
Corporate Law : Punjab & Haryana HC grants relief to son of a soldier injured in anti-terror operation in J&K, asserting his entitlement to a job ...
Corporate Law : Understand the applicability, compliance, penalties, and best practices of the POSH Act for Private Limited Companies in India wit...
Corporate Law : Learn how companies can build stakeholder trust through communication, engagement, transparency, and a structured redressal mechan...
Corporate Law : Key IBC case law updates from Oct-Dec 2024, covering Supreme Court and High Court decisions on CoC powers, resolution plans, relat...
Corporate Law : The Government clarified that no cooperative sector companies in Maharashtra are declared corrupt under IBC, 2016, and Barshi Text...
Corporate Law : CCI's directive restricting WhatsApp data sharing for ads faces an interim stay by NCLAT. Government awaits legal resolution on da...
Corporate Law : IBBI denies RTI appeal citing fiduciary exemption under Section 8(1)(e). The requested MSME-related information was withheld. Appe...
Corporate Law : The National Pension System (NPS) offers flexible, low-cost pension options with digital accessibility, aiming to expand coverage ...
Corporate Law : Gujarat High Court held that notice issued under section 148 of the Income Tax Act after approval of resolution plan by the adjudi...
Corporate Law : Telangana High Court held that passing of assessment order without considering the defence of the petitioner and without giving re...
Corporate Law : Patna High Court reviews Indian Oil's tax assessment dispute with Bihar. The case involves demand notices, limitation concerns, an...
Corporate Law : Supreme Court directs various responsible ministries to jointly constitute a Committee comprising subject experts to consider the ...
Corporate Law : Bombay High Court held that the management representative cannot be treated as legally trained mind for enabling an outsider pract...
Corporate Law : Arles Maxent Associates LLP and its designated partners fined ₹1.5 lakh by Chennai ROC for violating Section 13 of the LLP Act,...
Corporate Law : Insolvency Professional Ahsan Ahmed penalized Rs. 50,000 by IBBI for assigning voting rights to related parties in SDU Travels Pvt...
Corporate Law : Dr. Bhushan Kumar Sinha takes charge as Whole Time Member of IBBI on Feb 11, 2025. He brings expertise in banking, finance, and ec...
Corporate Law : IBBI’s First Appellate Authority reviews RTI appeals by Kairav Anil Trivedi, addressing disclosure requests under the RTI Act. K...
Corporate Law : IBBI updates reporting rules for insolvency professionals, requiring timely assignment updates on its portal for CIRP, liquidation...
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, knowledge and technology based enterprises. Services sector is playing a major role in the national economy and there is a growing diversity in the range of services being offered. The services sector also finds this form very useful.
Name of the Appellant: Ms. Vikita Vishanji Soni , Name of the Public Authority: The Institute of Chartered Accountants of India , Decision No.4167/IC(A)/2009 , F. No.CIC/MA/A/2009/000474 , Dated, the 13th July, 2009 , Delivered by : Central Information Commission.
Key Limited Liability Partnership Act 2008 and Limited Liability Partnership Rules, 2009 • The Limited Liability Partnership (LLP) Bill 2008 was passed by the Parliament on December 12, 2008 and legislated vide notification of the Act in the Gazette of India on January 7, 2009. Subsequently ‘The Limited Liability Partnership Rules, 2009’ were notified by […]
SELECTION OF A CORPORATE BUSINESS STRUCTURE If you are new entrepreneur looking of doing a business in a corporate form of organisation, first you have to select a form of business organisation. There are four types of Corporate Business Forms available for entrepreneurs carrying business in India: Private Companies Public Companies Limited Liability Partnerships Selection […]
COMPARISON – LLP / Company / Partnership S. No Conditions LLP Company Partnership 1. Registration To be registered with Registrar of LLP under LLP Act 2008 To be registered with Registrar of Companies under Companies Act 1956. Registration is optional 2 Name Name should contain ‘Limited Liability Partnership’ or ‘LLP’ as last words Name should […]
Limited Liability Partnerships (LLPs) are commercial vehicles which combine the features of partnership and company form of business .The concept of Limited Liability Partnership (LLP) has been introduced in India by way of Limited Liability Partnership Act, 2008 (notified on 31st March 2009).
Removal of Capital Goods from SEZ to DTA- – Capital goods can be removed from SEZ to DTA on depreciated value for the purpose of payment of duty. Where the capital goods acquired on or before commencement of production, depreciation will be calculated from date of commencement
Section 57 read with Third Schedule of the SEZ Act, 2005, has amended the provisions of Indian Stamp Act, 1899 so that no duty shall be chargeable in respect of any instrument executed by or on behalf of or in favour of the Developer or Unit or in connection with the carrying out of purposes of the […]
There should be atleast 2 persons (natural or artificial) are required to form a LLP. In case any Body Corporate is a partner, than he will be required to nominate any person (natural) as its nominee for the purpose of the LLP.
Corporate Affairs Minister Salman Khursheed has said, contrary to expectation, the Budget will not address the taxation issue related to limited liability partnerships. The issue will be clarified only next year, he added. “It is too short a time for us to sort out the issue, but it is flagged,” Khursheed told. The Ministry of […]