Company Law : MCA Issues Important Clarification to Rectify an Anomaly in Extension of LLP Settlement Scheme, 2020 & Due Date of Filing Form...
Company Law : The Ministry of Corporate Affairs has made a further effort to encourage a greater deal of “Ease of doing business”, the Mi...
Company Law : Extension of due dates for various Schemes, Registration as Independent Director, DIR-3 KYC, holding EGM, till 31st December, 2020...
Company Law : Keeping in view the practical difficulties being faced on account of Covid-19, MCA to facilitate Ease of doing business has grante...
Company Law : The Ministry of Corporate Affairs introduced several schemes {Companies Fresh Start Scheme, 2020 (CFSS) General Circular No. 30/20...
Corporate Law : Just like the new Income Tax E-Filing Portal, the new exclusive Portal (“MCA V3 LLP Portal”) for filing of LLP (Limited Liabil...
Company Law : MCA on 28.09.2020, vide various circulars and notification extended the date of various schemes to 31.12.2020 which were launched ...
Income Tax : Notice for filing Form-8 & 11 for the Financial Year ended 31-03-2012 All LLPs registered upto 30-September-2011 have to mandator...
Corporate Law : Stay informed about the Registrars notice regarding the striking off of names of 9 Limited Liability Partnerships (LLPs) from the ...
Corporate Law : Learn about the Registrar of Companies' notice to strike off 190 LLPs in Karnataka under Section 75 of LLP Act 2008. Details & imp...
Company Law : Get details on the relaxation of additional fees and extension of the last date for filing LLP forms BEN-2 and 4D under the LLP Ac...
Corporate Law : Explore Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 notified by Ministry of Corporate Affairs. Learn...
Corporate Law : Explore LLP (Third Amendment) Rules, 2023. Learn about the Register of Partners, declaration of beneficial interest, and their imp...
It has come to the notice of the Ministry that some Hindu Undivided Families (HUFs) / Kartas of such families are applying to become partner/ Designated partner (DP) in LLPs and a question has arisen whether a ‘HUF’ or a karta can be allowed to do so. The matter has been examined in consultation with Ministry of Law.
The Ministry has been examining some of the issues raised by stakeholders with regard to clarifications on the provisions of the Limited Liability Partnership (LLP) Act, 2008 with regard to conversion of a partnership firm into LLP.
In continuation of this Ministry’s Circular No. 2/2012, dated 1st March, 2012 on registration of companies or LLPs where one of their objects is to carry on the profession of Chartered Accountant, Company Secretary, Cost Accountant, Architect, etc.
These rules may be called the Limited Liability Partnership (Second Amendment) Rules, 2012. (2) They shall come into force with effect from 16th September, 2012.
In the notification of the Government of India, Ministry of Corporate Affairs published in the Gazette of India vide G.S.R.(E) 1/242… Dated 5th June, 2012 relating to Limited Liability Partnership (Amendment) Rules, 2012, in page number 2, in point number 5. for “In the said rules, for Forms 1 to 31, the following forms shall be substituted, namely:-” , read “In the said rules, Form 32 has been inserted and for Forms 1, 2, 3, 4, 5, 8, 11, 12, 15, 17, 18, 22, 23, 24, 25, 27, 28, 29, 31, the following forms shall be substituted, namely:-“
Central Government hereby makes the following amendments in the notification number S.O. 891(E), dated the 31st March, 2009, namely:- 2. In the said notification,- (a) after serial number 5 and the entries relating thereto, the following serial number and entries shall be inserted, namely: 5A. Section 51
Circumstances in which LLP may be wound up voluntarily.- (1) Any LLP may be wound-up voluntarily if the LLP passes a resolution to wind up the LLP with approval of at least three-fourths of the total number of its partners: Provided that where the LLP has creditors, whether secured or unsecured, the winding up shall not take place unless approval of such creditors takes place in pursuance of rule 7.
Circular No. 15 /2012 In order to have better understanding of the circular, it is clarified that the time limit of 60 days shall be read as 122 days for filing of Form 11 by LLPs in respect of the Financial Year ending on 31.03.2012. This circular shall be effective from 30.06.2012.
As per the provisions of section 35 of the LLP Act, LLPs which do not file Form 11 within a period of sixty days of the date of closure of their financial year are required to pay additional fees. In order to avoid payment of additional fees by such LLPs due to closure of the system from 31.5.2012 to 10.6.2012, it has been decided to extend the time limit prescribed under the provisions of section 35 of the LLP Act by 30 days.
Notification No. [F.No. 1/1/2011-CL.V]-Income Tax 1. . ( 1) These rules may be called the Limited Liability Partnership ( Amendment) Rules, 2012. (2) They shall come into force with effect from 11th June. 2012. 2. In the Limited Liability Partnership Rules, 2009 (hereinafter referred to as the said rules). after rule 8 the following proviso shall be inserted namely:
