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....
Excel Format of Financial Statements for Partnership Firm (Non-LLP) a comprehensive, user-friendly, and fully formula-driven format designed specifically for preparing the financial statements of partnership firms (other than LLPs)
Understand key differences between LLPs and Private Companies in India to choose the structure that fits your business goals, funding needs, and compliance capacity.
Understand the essential prerequisites and step-by-step procedure for converting a private company into a Limited Liability Partnership (LLP) in India.
Understand the step-by-step process for converting a private limited company into an LLP. Learn about eligibility, required forms (RUN-LLP, MGT-14, FiLLiP, Form 18, Form 3), and key considerations for this conversion.
Understand importance of timely LLP registration in India. Learn about limited liability, separate legal entity status, management flexibility, no minimum capital,
ITAT Chennai ruled in Gokulakrishna’s favor, deleting capital gains tax on funds received from a profit-sharing realignment during an LLP’s reconstitution. The court determined that a reduction in profit share for existing partners upon new partner admission does not constitute a taxable transfer of capital assets.
ITAT Agra rules LLP’s decision to audit accounts qualifies for extended IT return due date, enabling business loss carry forward despite initial denial by CPC.
LLP annual return Form 11 must be filed by May 30. Discover requirements, filing process, and consequences for all LLPs, active or not.
Understanding Form LLP-11 annual return for LLPs in India. Details on filing requirements, due date, contents, fees, and non-compliance impact.
Guide to the LLP incorporation process in India via the MCA V3 portal, covering name reservation (RUN-LLP), incorporation (FiLLiP), requirements, and documents.
