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....
MCA’s new Bill introduces fractional shares and Producer LLPs, boosting retail investment access and reducing compliance for farmer groups and agro-entities.
This guide breaks down the mandatory annual e-filing process for the Statement of Account and Solvency (Form 8) for Limited Liability Firms on the MCA V3 portal. It details the steps for reporting solvency, financial statements, and mandatory digital signature requirements.
The ITAT Chennai held that ₹1.98 crore received for reduction in profit-sharing ratio in CRCL LLP was not goodwill or taxable income under the Income Tax Act.
Ministry of Corporate Affairs establishes new Registrars of Companies (RoCs) for LLP registration, effective Jan 1, 2026, defining new jurisdictions in Delhi, UP, and Mumbai.
The Ministry of Corporate Affairs has restructured its regional directorates, establishing ten new Regional Directors across India, effective from January 1, 2026, under the LLP Act, 2008.
Understand 47(xiii) of the Income-tax Act: Conversion of a firm or LLP into a company is tax-neutral if four conditions are met. Breach triggers clawback on the company, not partners.
NCLT Ahmedabad held that application under section 7 of the Insolvency and Bankruptcy Code for initiation of Corporate Insolvency Resolution Process [CIRP] against Sumarrow Impex LLP (Corporate Debtor) admitted as financial debt and default stands proved.
LLP audit guide detailing two key turnover limits: Rs.40 Lakhs/Rs.25 Lakhs Partner Contribution for Statutory Audit, and Rs.1 Crore/Rs.10 Crore for Tax Audit. Key filings are Form 11 (May 30th) and Form 8 (October 30th).
Choosing a CA articleship firm is crucial. Compare Big 4 vs. mid-sized firms for exposure, mentorship, and work variety. Learn what truly builds a strong CA career.
ICAI provides a one-year relaxation for two new Guidance Notes on financial statements for non-corporate entities and LLPs, making their application voluntary for 2024-25.
