LLP

Restrictions on formation of LLP with Manufacturing Activities withdrawn by MCA

Corporate Law - 1. MCA Issued Circular bearing Vide OM No. CRC/LLP/e-Forms Dated 06.03.2019 directing that incorporation of LLPs and conversion into LLPs with the proposed business activity(ies) including manufacturing & allied activities are not to be allowed. It stated that the LLPs as body corporate has been set up for the purposes of carrying ou...

Read More

Restriction on LLP for Manufacturing Activities Withdrawn

Corporate Law - In India, the concept of Limited Liability Partnership (LLP) was introduced in 2008 with the introduction of Limited Liability Partnership Act, 2008. Incorporating LLP has a blend of the benefits of a Company and a Partnership Firm namely limited liability feature of a company and the flexibility of a Partnership firm. Considering the up...

Read More

How to Register LLP in India

Corporate Law - This article explains the complete step-wise procedure for registering an LLP in India. In upcoming sections, you will read details on exact process, documents needed for LLP registration, Form to be filed for LLP registration and comprehensive guide for you to understand all about LLP registration in India. Limited Liability Partnership ...

Read More

Striking Off Name of LLP

Corporate Law - Often, entrepreneurs form Limited Liability Partnerships but are not able to maintain the same. Also, the penalty for LLPs defaulting in filing of any statutory return is Rs.100/- per day, without any maximum limit. Hence, it is often best to strike off/close dormant LLPs so that there is no requirement to file LLP Form 11, […]...

Read More

LLP Registration: Requirement, Documents, Procedure & Advantages

Corporate Law - Article explains What is Limited Liability Partnership (LLP), Minimum Requirement to Start A LLP (Partners, Capital, Name), Documents Required For LLP Registration (ID and address proof of Partners, Stamp Paper etc.) , Procedure of LLP Registration and Advantage of LLP (Statutory and Taxation). What is Limited Liability Partnership (LLP) ...

Read More

Restricting on formation of LLP for manufacturing activities withdrawn: MCA

Corporate Law - Manufacturing & allied activities were restricted in LLPs vide OM No. CRC/LLP/e-Forms dated 06.03.2019. This OM invoking the restriction regarding manufacturing & allied activities has been withdrawn with immediate effect. In its OM MCA has earlier said that incorporation of LLPs and conversion into LLPs with the proposed business...

Read More

MCA Restricting Manufacturing Businesses to form an LLP: ICSI

Corporate Law - It has been noticed that in recent times the manufacturing businesses are being restricted from incorporating as LLP on the ground that manufacturing activities does not fall under the definition of `Business' as per the Limited Liability Partnership Act, 2008.Similarly the conversion of private and unlisted companies into LLP has been re...

Read More

Incorporation of LLP through a complete online system made a reality 

Corporate Law - Today, one can start business by incorporating a company through an on-line process without visiting any Government office. This was achieved in January, 2016 by establishing Central Registry Centre (CRC) for on-line incorporation of the company and reserving its unique name. ...

Read More

Allow Benefit of presumptive taxation U/s. 44AD to LLP: ICAI

Corporate Law - Section 44AD relating to presumptive taxation applies only to businesses run by residents Individual, HUF and Firms excluding LLP. Tax on presumptive basis should be extended to all assessees, including a LLP. Only section 44AD excludes LLP, for which there appears to be no cogent reason. Otherwise under the Act, a LLP and a Firm are tre...

Read More

29,403 companies registered as LLP on all India basis in FY 2016-17

Corporate Law - In FY 2016-17, 29,403 companies registered as LLP on all India basis The Limited Liability Partnership Rules, 2009 have been in force since 01.04.2009. The Limited Liability Partnership Rules provide for effectuating/implementing the provisions of Limited Liability Partnership Act, 2008. The Rules, inter-alia include procedures on incorpo...

Read More

Conversion of Private Limited company into LLP to be treated as transfer or not

ACIT Vs Celerity Power LLP (ITAT Mumbai) - Assessee LLP had failed to satisfy clause (e) of the proviso of Sec. 47(xiiib), therefore, the ‘transfer‘of the capital assets on the conversion of the private limited company into a LLP was to be regarded as a ‘transfer‘within the meaning of Sec. 45 and also, there was no occasion for invok...

Read More

No legal bar on merger of an Indian LLP with an Indian Company

M/s. Real Image LLP  Vs  M/s. Qube Cinema Technologies Private Limited (NCLI) - M/s. Real Image LLP  Vs  M/s. Qube Cinema Technologies Private Limited (NCLI) Legislative intention behind enacting both the LLP act 2008 and The Companies Act 2013 is to facilitate the ease of doing business and create a desirable business atmosphere for companies and LLPs. For this purpose, bo...

Read More

LLP Conversion: Capital gain to be computed on book value

Aravali Polymers LLP Vs Joint Commissioner of Income Tax (ITAT Kolkata) - A perusal of the provisions of section 45 of the Income Tax Act shows the levy of capital gains to be on the profits or gains arising from the transfer of capital asset effected in the previous year. Admittedly, the erstwhile Company Aravali Polymers Pvt. Ltd....

Read More

Object of LLP is Mainly for professional services & not for manufacturing activity: MCA

No. CRC/LLP/e-Forms - (06/03/2019) - It has been stated that 'object of LIP is Mainly for professional services and not manufacturing activity' Further, it has also been stated that 'conversion of company doing manufacturing activity into LLP should not be allowed' and other conversions of Company to LLP are not to be allowed easily an...

Read More

Limited Liability Partnership (Second Amendment) Rules, 2018

G.S.R. (E) - (18/09/2018) - Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009, namely Limited Liability Partnership (Second Amendment) Rules, 2018....

Read More

LLP Designated partners to Intimate Changes in DIN / DPIN Details

G.S.R. 557(E). - (12/06/2018) - Limited Liability Partnership (Amendment) Rules, 2018- Every individual who has been allotted a DPIN or DIN under these rules, shall in the event of any change in his particulars, make an application in Form DIR-6 under Companies (Appointment and Qualifications of Directors) Rules, 2014 to intimate ...

Read More

MCA proposes to strike off the name of 1171 LLPs (Read List)

Public Notice No. ROC-DELHI / LLP/SM/PHASE-II/2385 - (30/06/2018) - Registrar has a reasonable cause to believe that following 1171 LLPs have not been carrying on any business or operation for a period of two immediately preceding financial years....

Read More

ROC Gwalior proposes to striking off of names of 70 LLPs (List Attached)

Public Notice No. RoC/Gwalior/LLP/Sec.75/ 4286 - (31/07/2017) - Notice is hereby given that the Registrar of Gwalior, (MP) has a reasonable cause to believe that That the following LLPs in List' A "(List of 70 Nos. of LLP) have not been carrying on any business or operation for a period of two immediately preceding financial years."...

Read More

Recent Posts in "LLP"

Restrictions on formation of LLP with Manufacturing Activities withdrawn by MCA

1. MCA Issued Circular bearing Vide OM No. CRC/LLP/e-Forms Dated 06.03.2019 directing that incorporation of LLPs and conversion into LLPs with the proposed business activity(ies) including manufacturing & allied activities are not to be allowed. It stated that the LLPs as body corporate has been set up for the purposes of carrying ou...

Read More
Posted Under: Corporate Law |

Restriction on LLP for Manufacturing Activities Withdrawn

In India, the concept of Limited Liability Partnership (LLP) was introduced in 2008 with the introduction of Limited Liability Partnership Act, 2008. Incorporating LLP has a blend of the benefits of a Company and a Partnership Firm namely limited liability feature of a company and the flexibility of a Partnership firm. Considering the up...

Read More
Posted Under: Corporate Law |

Restricting on formation of LLP for manufacturing activities withdrawn: MCA

Manufacturing & allied activities were restricted in LLPs vide OM No. CRC/LLP/e-Forms dated 06.03.2019. This OM invoking the restriction regarding manufacturing & allied activities has been withdrawn with immediate effect. In its OM MCA has earlier said that incorporation of LLPs and conversion into LLPs with the proposed business...

Read More
Posted Under: Corporate Law |

Object of LLP is Mainly for professional services & not for manufacturing activity: MCA

No. CRC/LLP/e-Forms (06/03/2019)

It has been stated that 'object of LIP is Mainly for professional services and not manufacturing activity' Further, it has also been stated that 'conversion of company doing manufacturing activity into LLP should not be allowed' and other conversions of Company to LLP are not to be allowed easily and the compliances should be checked prio...

Read More

MCA Restricting Manufacturing Businesses to form an LLP: ICSI

It has been noticed that in recent times the manufacturing businesses are being restricted from incorporating as LLP on the ground that manufacturing activities does not fall under the definition of `Business' as per the Limited Liability Partnership Act, 2008.Similarly the conversion of private and unlisted companies into LLP has been re...

Read More
Posted Under: Corporate Law | ,

How to Register LLP in India

This article explains the complete step-wise procedure for registering an LLP in India. In upcoming sections, you will read details on exact process, documents needed for LLP registration, Form to be filed for LLP registration and comprehensive guide for you to understand all about LLP registration in India. Limited Liability Partnership ...

Read More
Posted Under: Corporate Law |

Striking Off Name of LLP

Often, entrepreneurs form Limited Liability Partnerships but are not able to maintain the same. Also, the penalty for LLPs defaulting in filing of any statutory return is Rs.100/- per day, without any maximum limit. Hence, it is often best to strike off/close dormant LLPs so that there is no requirement to file LLP Form 11, […]...

Read More

LLP Registration: Requirement, Documents, Procedure & Advantages

Article explains What is Limited Liability Partnership (LLP), Minimum Requirement to Start A LLP (Partners, Capital, Name), Documents Required For LLP Registration (ID and address proof of Partners, Stamp Paper etc.) , Procedure of LLP Registration and Advantage of LLP (Statutory and Taxation). What is Limited Liability Partnership (LLP) ...

Read More
Posted Under: Corporate Law |

Conversion of Partnership firm to LLP

Eligibility for conversion of Partnership Firm to LLP: The partnership firm must be registered under Indian Partnership Act, 1932. If the firm is not registered under Indian Partnership Act, 1932 than the name of the Statute under which it is registered has to be mentioned at the time of conversion. Steps for the Conversion of […]...

Read More
Posted Under: Corporate Law |

What is LLP and Documents required for Registration of LLP

Limited Liability Partnership (LLP) LLP denotes as Limited Liability Partnership.  Limited Liability Partnership (LLP) is the combination of Partnership & Private Limited Company. It is separate legal entity & juristic person who is establish under the act. Limited Liability Partnership Act, 2008 Contains the rules & regulati...

Read More
Posted Under: Corporate Law |

Browse All Categories

CA, CS, CMA (4,088)
Company Law (4,566)
Custom Duty (7,249)
DGFT (3,893)
Excise Duty (4,187)
Fema / RBI (3,655)
Finance (3,859)
Income Tax (29,470)
SEBI (3,090)
Service Tax (3,442)

Search Posts by Date

April 2019
M T W T F S S
« Mar    
1234567
891011121314
15161718192021
22232425262728
2930