CA, CS, CMA : Understand foreign exchange audit: realized and unrealized gains/losses, accounting treatment, examples, and modern technology's r...
Corporate Law : Discover the process and significance of creating a Supplementary Agreement to the LLP Agreement for a name change as per Section ...
Corporate Law : Streamline the admission of a new partner into your LLP with our guide on drafting a board resolution, ensuring compliance with th...
Corporate Law : Learn about the legal compliance requirements for LLPs, including benefits over private limited and partnerships, tax obligations,...
Income Tax : Explore the intricacies of partnership taxation in the United States, with insights into partnership types, tax-year consideration...
Corporate Law : Saurashtra Gramin Bank, headquartered in Rajkot, Gujarat, has released a Request for Proposal (RFP) for the empanelment of Charter...
Corporate Law : Explore the impact of the LLP (Amendment) Act, 2021 on Ease of Doing Business, startup encouragement, and the introduction of Smal...
Corporate Law : Explore the Ministry of Corporate Affairs draft policy for pre-legislative consultation and a comprehensive review of rules and re...
Company Law : Explore 2024 corporate rule amendments in India: MCA relaxations, AGM extensions, accounting standard changes, and competitive lan...
CA, CS, CMA : Explore the nuances of Auditing Standard 720 (Revised) and the auditors responsibilities regarding other information in an entity...
Goods and Services Tax : Discover how Madras High Court provides a chance for Tvl. Shriniwas Impex to contest penalty despite lacking E-way bills or lorry ...
Income Tax : ITAT Guwahati held that the exemption of 10(26) of the Income Tax Act is available to the individual members of the Scheduled Trib...
Corporate Law : Explore the Kerala High Courts judgment on Jeny Thankachans plea, challenging the precedence of the Insolvency and Bankruptcy Code...
Goods and Services Tax : In re AS&D Enterprise LLP (GST AAR Haryana) In general terms, an LLP is a viewed as an alternate corporate business model that...
Corporate Law : In present facts of the case, the Hon’ble Bombay High Court have held that Section 27 (3) expressly states that an obligation of...
Corporate Law : Stay informed about the Registrars notice regarding the striking off of names of 9 Limited Liability Partnerships (LLPs) from the ...
Corporate Law : Learn about the Registrar of Companies' notice to strike off 190 LLPs in Karnataka under Section 75 of LLP Act 2008. Details & imp...
Company Law : Get details on the relaxation of additional fees and extension of the last date for filing LLP forms BEN-2 and 4D under the LLP Ac...
Corporate Law : Explore Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023 notified by Ministry of Corporate Affairs. Learn...
Corporate Law : Explore LLP (Third Amendment) Rules, 2023. Learn about the Register of Partners, declaration of beneficial interest, and their imp...
Introduction: With the upcoming dynamic changes and advancement of new ideas, now a days people and mostly start-ups are thinking of setting up of a Separate Entity to run their business and among option of registering business with Sole Proprietorship, Partnership, Limited Liability Partnership, One Person Company and Private Limited Company etc. A Private Limited […]
The Ministry of Corporate Affairs has provided a one time opportunity to the LLPs to make good their default by filing pending documents and to serve as a compliant LLP in future by introducing LLP Settlement Scheme, 2020 vide General Circular No 02/2020 dated 4th March, 2020 which will be applicable from 16th March, 2020 to 13th June, 2020.
What is a startup? A startup is an entity registered as a Private Limited Company (registered under Companies Act 2013) or Limited Liability Partnership (registered under Limited Liability Partnership Act 2008) or Partnership Firm(registered under Partnership Act 1932), working towards innovation, development or improvement of product or processes or services or a business model accelerating […]
LLP Settlement Scheme as per the General Circular issued by the MCA dated 04.03.2020 via number 06/2020. LLP or Limited Liability Partnership is a form of business vehicle governed by the Limited Liability Partnership Act, 2008 or LLP Act, 2008 in short, combining the quality attributes of a Company and a Partnership Firm. It gives […]
Ministry of Corporate Affairs (MCA) has come up with a new scheme namely LLP Settlement Scheme, 2020 for Limited Liabilities Partnerships (LLPs), which are majorly small enterprises and struggle to make their feet stand in today’s sharp competitive market place. Many times it has happened with these entities that, they do not have enough knowledge […]
LLP Settlement Scheme, 2020 is being introduced in pursuance of the Government’s objective of providing greater Ease of Living to the citizens of the country and is expected to provide significant relief and a window of opportunity for LLPs to abide by the Law & conduct business accordingly.
LLP settlement scheme-2020- Defaulting LLPs Can Breathe A Sigh Of Relief!!!! Ministry of Corporate affairs vide its General Circular No. 6/2020‘ dated 04th March, 2020 notified ‘LLP settlement Scheme, 2020′. Article explains LLP Settlement Scheme-2020 in a Nutshell with FAQs. > LLP Settlement Scheme-2020 in a Nutshell: Legal provision: The Central Government in exercise of its […]
The Central Government in exercise of its powers under Section 460 of the Companies Act, 2013 decided to introduce a scheme called “LLP Settlement Scheme, 2020” to grant the defaulting Limited Liability Partnership (LLP), a one-time window to condone the delay in filing of some statutorily required documents with Registrar. Ministry of Corporate Affairs (MCA) […]
LLP Settlement scheme 2020, FAQ on 4 FORM and Rs. 5000 Maximum Late fees. 1. Who Can avail LLP Settlement scheme 2020? Any LLP which is active and which has not filed an application in Form 24 for striking of their name from the registrars as per provisions of Rule 37(1) of the LLP Rules, […]
As per one estimate, the scheme could benefit 20-25 per cent of the 1.25 lakh LLPs registered in the country*. To give one time opportunity to such defaulting LLPs, MCA, on March 4, 2020 announced LLP Settlement Scheme 2020 (Scheme). Under the Scheme, LLPs will be given a three-month window to complete overdue filings of […]
![Board Resolution for Admission of New Partner in Limited Liability Partnership [LLP]](https://taxguru.in/wp-content/uploads/2024/03/Board-Resolution-for-Admission-of-New-Partner-in-Limited-Liability-Partnership-LLP.jpg)
