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Corporate Law : The Supreme Court observed that inadequate infrastructure in court complexes affects the dignity and professional participation of...
Corporate Law : The Supreme Court observed that conflicting judicial decisions on identical issues create legal uncertainty and erode public confi...
Corporate Law : The article traces Justice Tejas Karia's journey from an arbitration specialist to a Delhi High Court judge while highlighting his...
Corporate Law : A comprehensive roundup of the latest ED and CBI investigations covering money laundering, corruption, builder-bank nexus, and fin...
Corporate Law : MahaRERA issued thousands of show-cause notices for failure to update Quarterly Progress Reports and comply with RERA requirements...
Corporate Law : NSO has launched the Annual Survey of Incorporated Services Sector Enterprises (ASISSE) to collect comprehensive economic and oper...
Corporate Law : The proposed PEPF framework seeks to improve insurance penetration through financial literacy, digital services, and awareness pro...
Corporate Law : PFRDA has introduced the AI-powered Pension Sahayak portal, replacing the earlier CGMS with a multilingual, voice-enabled grievanc...
Corporate Law : CCPA imposed ₹1 lakh penalties on two food companies for using misleading 100% claims that did not match the actual composition ...
Corporate Law : IRDAI has proposed comprehensive amendments to insurance intermediary regulations to implement the SBSR Act, 2025. The proposals s...
Corporate Law : The Supreme Court held that Mediclaim reimbursements cannot be deducted from compensation awarded under the Motor Vehicles Act bec...
Corporate Law : An accused could not be kept in jail indefinitely in a money laundering case when the trial was unlikely to conclude within a reas...
Corporate Law : The Supreme Court held that prolonged incarceration of nearly five years without conclusion of trial justified grant of bail despi...
Corporate Law : The SC held that the accused was not produced before the nearest Magistrate within 24 hours after the ED assumed custody, renderin...
Corporate Law : The High Court held that the applicant's continued custody after detention without production before the competent court within 24...
Corporate Law : The Government has decided that the date of application, not the date of appointment, will determine pension eligibility for compa...
Corporate Law : The notification updates compounding amounts for key FCRA violations, including excess administrative expenses, speculative invest...
Corporate Law : IRDAI has amended its earlier notification to prescribe a 4% obligatory cession and require the entire cession to be placed with G...
Corporate Law : The MCA has introduced temporary relief measures extending name reservation validity and e-form resubmission deadlines affected by...
Corporate Law : IRDAI has constituted a Working Group to develop governance, oversight, and security frameworks for AI adoption in the insurance s...
Limited liability partnerships (LLPs) have been the flavour of corporate jurists all over the world in the past 15 years. The concept looked attractive. India passed the Limited Liability Partnership Act in 2008, providing the legal framework for the formation of LLPs. The Act came into force on April 1, 2009. The tax aspect has been sorted out by Finance Bill, 2009. LLPs will be taxed in the same way as ordinary partnership firms.
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.
