Corporate Law : This guide explains LLP registration, eligibility, costs, annual compliance, and the latest 2025-26 changes, including the new Sec...
Company Law : Discover why LLPs convert into Private Limited Companies to attract investors, introduce ESOPs, and access Startup India benefits....
Company Law : The article explains how converting an LLP into a Private Limited Company can enhance credibility, improve governance, and unlock ...
Corporate Law : NCLT approved an LLP merger after finding that the scheme enhanced financial flexibility, operational efficiency, and partner valu...
Corporate Law : A comprehensive guide to LLP Agreement stamp duty across all Indian states and UTs. Learn applicable rates, filing requirements, p...
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...
Corporate Law : Although the Scheme was sanctioned, the Tribunal clarified that the Income Tax Department remained free to investigate any tax imp...
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 ...
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....
Members are advised to carry out verification of documents pertaining to directors/Key Managerial Personnel, witness to Memorandum of Association &: Articles of Association and verification of Registered Office strictly as per provisions of the Companies Act and LLP Act and Rules made thereunder.
Just like the new Income Tax E-Filing Portal, the new exclusive Portal (“MCA V3 LLP Portal”) for filing of LLP (Limited Liability Partnership) forms which aimed high at easing out the various filings, has failed to deliver on time. Kindly understand the following chronology for the same:
Important Message: Strict Compliance – regarding Verification/ Clarification of documents related to incorporation of a Company or a LLP by Practicing Professionals.
While incorporating LLP in the new portal, there is no continuity in the application since we are expected to file a fresh FiLLiP application, even after RUN-LLP is approved.
The Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009, namely: – (1) These rules may be called the Limited Liability Partnership (Amendment) Rules, 2022. (2) They shall come into force with effect from the 01st April, 2022. (3) All LLPs registered under Limited Liability Act, 2008 have […]
USER AND REGISTRATION Q. 1. I am new user of MCA system. How can I register? Ans. New User refers to a person who does not have an existing User Account on MCA system in any version of MCA 21 (either V-1 or V-2). Thus, a ‘New User’ is the one who will be doing […]
Limited Liability Partnership (LLP) is a body corporate having legal entity and can hold property in its own name different from its partners. It is a hybrid of partnership and company form of organization. LLP has limited liability and perpetual succession.
Business cell of BJP-Rajasthan Requested for simplifying the form filing process on the new MCA/LLP portal or the Ministry of Corporate Affairs 15th April, 2022 To Smt. Nirmala Sitharaman Minister of Finance and Corporate Affairs Government of India New Delhi Sub: Request for simplifying the form filing process on the new MCA/LLP portal or the […]
COMPARISON BETWEEN LLP AND PRIVATE LIMITED COMPANY: – Articles makes Comparison Between LLP And Private Limited Company which includes Registration Requirement, Directors Requirement, Statutory audit Requirement, Compliances Requirement, Investment Requirement, Fines and Penalties etc. BASIS COMPANY LLP Registered under Companies Act 2013 Limited Liability partnership Act 2008 Directors required Minimum -2 Maximum-15 Minimum designated partner-2 […]
Report of The Company Law Committee (2022) recommends various changes to the Companies Act, 2013 to recognise new concepts, expedite corporate processes, improve compliance requirements, and remove ambiguities from existing provisions. The Report also includes recommendations to enable producer organisations to incorporate under the Limited Liability Partnership Act, 2008. 1. This Report is in pursuance […]
