Corporate Law : LLP Form 11 must be filed by every LLP, including inactive or non-operational entities, under the LLP Act, 2008. The guide explain...
Income Tax : The Finance Act, 2024 has inserted a new section, 194T, for TDS deduction by partnership firms/Limited Liability Partnerships (LLP...
Corporate Law : The amendment introduces a new category of IFSC-based LLPs with specific regulatory provisions. It enables foreign currency operat...
Corporate Law : The issue highlights mandatory annual return filing for LLPs. The key takeaway is that delayed filing attracts heavy daily penalti...
Corporate Law : Comparative analysis of Company, Partnership Firm, and Trust in India covering tax rates, deductions, compliance, and suitability ...
CA, CS, CMA : ICAI introduces phased applicability for new financial reporting guidance. Larger entities must comply first, followed by all enti...
Company Law : Authorities rejected several name reservation applications because they were phonetically or structurally similar to existing enti...
CA, CS, CMA : The draft policy proposes a detailed scoring framework to empanel CA firms and LLPs for government audits based on capacity, exper...
CA, CS, CMA : ICAI provides a one-year relaxation for two new Guidance Notes on financial statements for non-corporate entities and LLPs, making...
Company Law : The Ministry of Corporate Affairs' C-PACE initiative has reduced the time for voluntary company closures from over 2 years to unde...
Income Tax : The tribunal noted that the firm had no business activity and only earned interest income. It held that unexplained income cannot ...
Income Tax : The issue was taxation of LLP partner’s remuneration without applying Sections 28(v) and 40(b). The High Court set aside the ass...
Income Tax : The ITAT Chennai held that ₹1.98 crore received for reduction in profit-sharing ratio in CRCL LLP was not goodwill or taxable in...
Corporate Law : NCLT Ahmedabad held that application under section 7 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency ...
Income Tax : ITAT Ahmedabad held that addition by adopting Percentage Completion Method cannot be sustained as department already accepted Proj...
Company Law : The issue involved duplication of DIN due to ignorance during incorporation. The authority imposed penalty despite voluntary discl...
Company Law : The MCA has revised the list of Regional Directors authorized for LLP matters under Section 458 of the Companies Act. The amendmen...
Corporate Law : The Central Government has superseded the 2022 notification and reassigned state- and district-wise jurisdiction to specific Regis...
Corporate Law : The Government has deferred the commencement date of a notification issued under the LLP Act. The effective date now shifts from J...
Corporate Law : MCA amended its notification to postpone implementation of the reorganised Registrar of Companies framework for LLPs....
A Limited Liability Partnership is a business that requires at least two partners and there is no upper limit for number of partners in the firm. It is an alternative corporate business form.
Get an overview of changes in Partners/Designated Partners in a Limited Liability Partnership (LLP), including Admission of a new Partner, Retirement of a Partner, Admission cum Retirement of Partner and Change in Partner’s Designation. Learn more with this easy guide.
Limited Liability Partnerships (LLPs) and Private or Public Limited Companies are two legal entities that can be incorporated as LLCs. LLCs are legal entities that are handled apart from one another, protecting the investors and owners from company obligations.
The Ministry of Corporate Affairs has introduced the ‘Limited Liability Partnership (Second Amendment) Rules, 2022.’ Understand the key changes in the LLP Amendments with this blog post: new web-based forms, Latitude & Longitude in address block and Digi Locker Database for Directors’ information.
An application is required to be made in E-Form 24 to Registrar of Companies for striking off name of the LLP with consent of all partners
Navigate post-incorporation compliances of LLP with insights on Form-3 execution, bank account opening, GST registration, DIR-3 KYC, income tax return filing, and annual filings. Learn the closure process, file Form 24, and meet the necessary requirements for LLP dissolution.
Strike off your LLP easily with help from our guide. All the steps you need to take explained in detail. Learn more about your rights and responsibilities when it comes to a defunct LLP and striking it off with help from our guide.
1: Not able to upload Form CHG-9 since many days. Please convert to PDF using Microsoft print to PDF facility. Save on your desktop with a simple name, check the file size to be below 2 MB and upload. The issue will be resolved. 2: Charge certificates are not generated. You may navigate to My […]
Explore the intricacies of converting LLP to a Private Limited Company in India. Learn about direct and indirect tax implications, financial year adjustments, compliance challenges, and practical difficulties.
Understand the annual filing requirements of LLP in India, including Form 8 and Form 11. Learn about the mandatory returns and deadlines.
