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Corporate Law : Learn the process to convert a firm into an LLP under the LLP Act, 2008, including eligibility, required forms, compliance, and ta...
Corporate Law : Madras HC highlights the need for judicial magistrates to ensure guilty pleas are voluntary, informed, and supported by legal coun...
Corporate Law : Kerala HC mandates probe into remarks by ex-minister Saji Cherian allegedly disrespecting the Constitution, emphasizing the Preven...
Corporate Law : Supreme Court highlights risks of trial courts being influenced by inadmissible police confessions in prosecution witness depositi...
Corporate Law : Patna HC finds Bihar Prohibition Act misused for personal gains by officials, impacting the poor. Suspension of a police inspector...
Corporate Law : NFRA recommends 40 Auditing Standards for LLPs under the LLP (Amendment) Act 2021, effective from April 2026, for approval by the ...
Corporate Law : EPFO directs employers to activate UAN for employees via Aadhaar OTP to ensure access to benefits under government schemes by Nove...
Corporate Law : IBBI seeks feedback on revising grievance redressal, disciplinary framework, and AFA timelines to enhance clarity and operational ...
Corporate Law : IBBI proposes mandatory monitoring committees in CIRP for smoother implementation of resolution plans as per SC's recommendations....
Corporate Law : CBDT starts a campaign for AY 2024-25 to assist taxpayers in accurately reporting foreign assets and income in ITR under Black Mon...
Corporate Law : Supreme Court held that a driver holding a license for Light Motor Vehicle (LMV) class, under Section 10(2)(d) for vehicles with a...
Corporate Law : Supreme Court held that eligibility criteria, notified at the commencement of the recruitment process, cannot be changed midway th...
Corporate Law : CCI closes the case on allegations against Greenbay Infrastructure for unfair practices and non-delivery of plots under the Compet...
Corporate Law : M/s Concord Infrastructure Pvt. Ltd. (Operational Creditor) filed an application u/s. 9 of the Insolvency and Bankruptcy Code, 201...
Corporate Law : This Appeal has been preferred by the son of Shri Jai Prakash, a deceased constable in Haryana Police, seeking appointment on comp...
Corporate Law : IBBI issues a disciplinary order against Praveen Kumar Agrawal, an Insolvency Professional, for failing to act in homebuyers' inte...
Corporate Law : EPFO requires UAN activation and Aadhaar-bank seeding for ELI Scheme benefits under DBT. Employers must comply by November 30, 202...
Corporate Law : EDLI Scheme amendment revises assurance benefits for deceased employees’ nominees, effective retrospectively from April 28, 2024...
Corporate Law : The Ministry of Finance issues updated capital restructuring guidelines for CPSEs to align with market evolution and improve opera...
Corporate Law : An RTI appeal challenging IBBI's refusal to disclose information under Sections 8(1)(d) and (e) of the RTI Act was dismissed....
The Delhi High Court on Thursday directed the Institute of Chartered Accountants of India (ICAI) to provide students with certified copies of answersheets under the Right to Information Act. Justice S Ravindra Bhat dismissed contentions raised by the institute that answersheets fell beyond the purview of the RTI, holding that students were well within their rights to access them.
The government may exempt partnership firms and limited companies from paying stamp duty while converting into limited liability partnerships (LLPs), a way of doing business that is favoured globally for its flexibility. The government will amend the Income Tax Act later this year to provide a tax regime for LLPs, which are being incorporated from […]
The ministry of corporate affairs has said that out of the eight lakh companies in India, a large chunk of them would be interested in getting converted into limited liability partnership (LLP) once a suitable tax structure for LLP is brought in. We are getting enquiries from thousands of companies every week who are interested […]
A Limited Liability Partnership may be incorporated as per the procedure explained below: A) User Registration Register yourself on the website of Ministry of Corporate Affairs, developed for LLP services, i.e. www.llp.gov. in . This website may also be accessed through the website of the ministry www.mca.gov. in On the home page of the URL […]
Though the government has initiated the process of registering Limited Liability Partnership (LLP) firms, it would take a while before the chartered accountant (CA), company secretary (CS) and cost accounting firms convert to LLPs. The three regulators — Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India (ICSI) and Institute of […]
LLP Act comes into effect from 01.04.2009 but legal and tax hurdles remain The Ministry of Corporate Affairs (MCA) has started registering firms under the newly-enacted Limited Liability Partnership (LLP) Act. However, a flow of applications is unlikely till tax laws are changed, say experts. At present, the Income Tax Act does not recognise LLP […]
The legal consultants Handoo and Handoo have become the first Limited Liability Partnership firm of India, a new form of business structure where the partners’ liability is limited to the extent of their stake, introduced by the governemnt from April 1. Delhi-based R K Handoo and Associates is the first LLP that has opted for the LLP form of entity. […]
The Central Information Commission feels that details of property belonging to government servants and even judges of the high courts and the Supreme Court are subject to the purview of the Right To Information (RTI) Act but some government departments, including the Income-Tax department, seem to think otherwise.
The Central Government has issued a Notification („subject Notification?) granting exemption from service tax in respect of the taxable services which are provided in relation to the authorized operations in a Special Economic Zone (SEZ) and are received by a developer or a unit of an SEZ. This Notification supercedes the earlier exemption granted in […]
It’s a move that is bound to raise the hackles of the special economic zones (SEZ) lobby. On Tuesday, the Finance Ministry came out with a new notification on the levy of service tax for SEZ developers and units. As per the new norms, SEZ developers and units will get an exemption on service tax. […]
