Corporate Law : Learn who must file LLP annual returns in India and how to do it. Understand filing requirements, deadlines for Forms 11 and 8, an...
Corporate Law : Striking off an LLP dissolves it, but future claims may arise. It applies to LLPs inactive for 1+ years, with an Indemnity Bond en...
Corporate Law : Businesses opting for LLP registration in India benefit from lower compliance burdens, tax advantages, and an easier business setu...
Corporate Law : Avoid common LLP registration mistakes like invalid names, documentation errors, and compliance issues for a smooth registration p...
Company Law : Understand the process and requirements for converting an unlisted public company into an LLP, including necessary filings and doc...
Company Law : NFRA inspection of PwC firms (PWCA & PW& Co CA) reveals deficiencies in related party transaction verification and documentation, ...
CA, CS, CMA : ICAI releases 2024 guidelines for CA firm and LLP aggregation, enabling better collaboration and operational efficiency. Learn abo...
Company Law : The Ministry of Corporate Affairs monitors C-PACE’s efficiency in processing corporate and LLP strike-offs, improving processing...
Company Law : MCA enhances compliance and ease of doing business with decriminalization of 63 offences, faster company strike-offs, and streamli...
Corporate Law : NFRA recommends 40 Auditing Standards for LLPs under the LLP (Amendment) Act 2021, effective from April 2026, for approval by the ...
Income Tax : ITAT Mumbai held that where two houses joint together constitutes a single unit for residence, then exemption under section 54F of...
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 : Arles Maxent Associates LLP and its designated partners fined ₹1.5 lakh by Chennai ROC for violating Section 13 of the LLP Act,...
CA, CS, CMA : Learn about ICAI's Aggregation of LLPs Guidelines 2024, detailing eligibility, governance, registration, and compliance for LLPs w...
Company Law : NFRA penalizes BSR & Associates LLP ₹10 crores for audit lapses in Coffee Day Enterprises audit. Partners face fines and debarme...
Corporate Law : Discover the latest amendments to LLP Rules by the MCA, effective from August 27, 2024. Learn about the new role of the Centre for...
Corporate Law : Registrar of Companies Andhra Pradesh issues notice for removal of 93 LLP names from the register. Learn more about the notice and...
Fresh Start Scheme, 2020 (CFSS -2020) and Modified LLP Settlement Scheme, 2020 (LLPSS-2020)- Golden Opportunity to clean the slate. List of Forms and certain FAQs/ Clarifications This Scheme is for Defaulting Companies who have failed to file the Forms, Returns, Statement or Documents with Ministry of Corporate Affairs. You may say that directors which have […]
Companies Fresh Start Scheme 2020 and Modified LLP Settlement Scheme 2020 Launched by MCA From April 1, 2020 till Sept 30,2020 The ministry of corporate affairs has announced ‘Companies Fresh Start Scheme 2020’ and ‘LLP Settlement Scheme 2020’. Individually the schemes ought to release to make available a chance to companies and LLPs to file […]
In order to boost the economy & give relief to the corporates, the Government has introduced various schemes. One of the recently introduced schemes is LLP SETTLEMENT SCHEME, 2020
FRESH START—a new slate to Companies and LLPs in India – An opportunity to be a COMPLIANT ENTITY Let’s discuss WHY,WHAT, HOW & FOR WHOM, on the closure of financial year on 30th March 2020 and in the mid of Nationwide Locked Out situation due to outbreak of Covid-19 pandemic, the Ministry of Corporate Affairs […]
Company Fresh Start Scheme (CFSS), 2020 & Modified LLP Settlement Scheme, 2020 In line with government initiative to ease of doing business & good corporate governance, the Ministry of Corporate Affairs (MCA) has come up with the ‘Companies Fresh Start Scheme 2020’ to enable defaulting companies make good of any filing-related defaults, irrespective of duration […]
♦ Overview Ministry of Corporate Affairs (MCA) has vide General Circular No. 13/2020 dated 30th March, 2020, modified the provisions related to LLP SETTLEMENT SCHEME, 2020. ♦ Revised Timeline : Applicable w.e.f. 01.04.2020 And shall remain into Force upto 30.09.2020. ♦ Previous Scheme: LLP SETTLEMENT SCHEME , 2020 vide General Circular No. 6/2020 dated 04.03.2020 […]
In pursuance of the Government of India’s efforts to provide relief to law abiding companies and in the wake of COVID 19, the Ministry of Corporate Affairs, has introduced the ‘Revised LLP Settlement Scheme, 2020‘which is already in vogue a first of its kind opportunity to LLPs to make good any filing related defaults, irrespective […]
Central Government u/s 460 of the Companies act, 2013 vide Gazette Notification No. G.S.R. 59(E) dated 30th January, 2020 u/s 67(2) of LLP Act, 2008 introduced a scheme namely ‘LLP SETTLEMENT SCHEME, 2020’ by allowing a one time condonation of delay in filing statutorily required docs with the Registrar.
There are many small enterprises who have formed an LLP (Limited Liability Partnership). It has been almost a decade that the LLP Act came into existence. Businesses started preferring LLP over partnership because of its benefits. However, there are many LLP who have not done their annual compliance. Delay in any form filing of LLP […]
LLP Settlement Scheme, 2020 is applicable only for Form -3, Form 4, Form 8 and Form 11 under LLP Act. The defaulting LLPs are permitted to file belated documents which were due for filling till October 31, 2019 in accordance with provisions of this scheme.
