LLP

Voluntary winding up of LLP -Procedural aspect

Corporate Law - There are numerous LLPs which were incorporated but have not done any business or stop doing business. In order to reduce the number of bogus entities, this is important to provide an ease in procedure of winding up. There are two ways of winding up of LLP first is voluntary winding up and second is compulsory winding up (by tribunal). ...

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Procedure for change of Limited Liability Partnership (LLP) Name

Corporate Law - Any LLP registered under the act Limited Liability Partnership Act, 2008 may change its name any time during its active status with the approval of respective authority....

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New Threat- LLP Strike off Notice

Corporate Law - Recently MCA has issued Notice of Thousands of LLP’s u/s 75 of LLP Act, 2008 read with Rule 37 of LLP Rules, 2009 for non-filling of Financial Statements and Annual Returns for previous two years. ...

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Procedure to convert partnership firm/LLP into Company

Corporate Law - Section 366 of the Companies Act, 2013 deals with Part I Companies that includes conversion of any partnership firm (Firm), limited liability partnership (LLP), cooperative society, society or any other business entity formed under any law for the time being in force....

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Did You Receive Notice to Strike Off Your LLP?

Corporate Law - Where the LLP has not carried on any business or operation for a period of two years, then the Registrar shall send a notice to LLP and all his partners of his intention of striking off the name of LLP and requesting them to send their representations within a period of one month. ...

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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...

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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...

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ICSI Advisory to Company Secretaries regarding LLP formation

Corporate Law - Company Secretaries are to note that if the word `CS' or 'Company Secretary' or 'Company Secretaries' is used by a LLP as suffix, then a prior No Objection Certificate (NOC) is mandatorily required to be obtained from the ICSI by such proposed LLP....

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ICAI Request members to improve annual ROC filing compliance

Corporate Law - This is to mention here that to promote high standard of integrity and professionalism it is an essential part of the Professional duty of the Chartered Accountants to ensure compliance of various statutory and other regulatory requirements with regard to the relevant provisions of the Acts which regulate the functioning of Companies and ...

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New LLP Front Office Service by MCA

Corporate Law - Kindly note that a new LLP Front Office Service ‘Enter Form 3 or Form 3 & 4 details for LLP filing’ has been introduced. This service will enable users to insert relevant details of Form 3 or Form 3 & Form 4 (both) in case corresponding Form 3 & Form 4 (both) are pending for […]...

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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....

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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 ...

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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....

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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."...

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ROC West Bengal issues notice to 75 LLP for striking off name

Public Notice No./ROCWB/LLP/S-75/Public/1 - (25/07/2017) - Registrar has reasonable cause to believe that the Limited Liability Partnership (LLPs), as per Annexure, are not carrying on any business or operation for a period of two years or more as the LLPs have not filed any financial statements for the last two financial years....

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ROC Shillong SCN to 37 LLP for striking off names

Public Notice No.:RoC/Shill/LLP/Sec 75/ - (13/07/2017) - That the following LLPs in List A (List of 37 Nos. of LLPs) have not been carrying on any business or operation for a period of two immediately preceding financial years....

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Recent Posts in "LLP"

Voluntary winding up of LLP -Procedural aspect

There are numerous LLPs which were incorporated but have not done any business or stop doing business. In order to reduce the number of bogus entities, this is important to provide an ease in procedure of winding up. There are two ways of winding up of LLP first is voluntary winding up and second is compulsory winding up (by tribunal). ...

Read More
Posted Under: Corporate Law |

Procedure for change of Limited Liability Partnership (LLP) Name

Any LLP registered under the act Limited Liability Partnership Act, 2008 may change its name any time during its active status with the approval of respective authority....

Read More
Posted Under: Corporate Law |

New Threat- LLP Strike off Notice

Recently MCA has issued Notice of Thousands of LLP’s u/s 75 of LLP Act, 2008 read with Rule 37 of LLP Rules, 2009 for non-filling of Financial Statements and Annual Returns for previous two years. ...

Read More
Posted Under: Corporate Law |

Procedure to convert partnership firm/LLP into Company

Section 366 of the Companies Act, 2013 deals with Part I Companies that includes conversion of any partnership firm (Firm), limited liability partnership (LLP), cooperative society, society or any other business entity formed under any law for the time being in force....

Read More
Posted Under: Corporate Law |

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 such change(s) to the Central Government...

Read More

Did You Receive Notice to Strike Off Your LLP?

Where the LLP has not carried on any business or operation for a period of two years, then the Registrar shall send a notice to LLP and all his partners of his intention of striking off the name of LLP and requesting them to send their representations within a period of one month. ...

Read More
Posted Under: Corporate Law |

is your LLP placed in “Notice of Striking off” ? Why & What to do?

A total number of not less than 1752 due to non-filing of Financial Statements and Annual Returns for previous two years. In this write up endeavor is made on discussing the validity of this notice issued to the LLP and the primary remedy available to the LLPs...

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Posted Under: Corporate Law |

Notification for Striking off of Name of LLP- Why & what to do?

This comes after the regular pressure from the Govt to streamline the entities and force them mentally to think that compliances are not optional in nature and thin line to observe here is: you cannot be allowed to run businesses if you are taking annual compliances for granted. ...

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Posted Under: Corporate Law |

Conversion of company into LLP – is it taxable if conditions are not fulfilled?

The Income-tax Act provides for specific exemption from capital gains on conversion of a company into a limited liability partnership. In this article, we have analysed the provisions and the taxability in light of the rulings by various courts in India on the matter....

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Posted Under: Corporate Law |

Striking off of LLPs and remedy available

A total of 1171 LLPs are about to be struck off by the Roc Delhi and Haryana due to non-filing of Financial Statements and Annual Returns for previous two years. In this write up endeavor is made on discussing the validity of this notice issued to the LLP and the primary remedy available to the […]...

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Posted Under: Corporate Law |
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