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....
Overview of mandatory LLP annual filings in India including Form 11, Form 8, ITR due dates, penalties, audit thresholds, and new incorporation exceptions.
Learn how small businesses in India can optimize tax benefits through strategic structuring, presumptive taxation, deductions, MSME benefits, GST ITC, and available incentives.
File LLP Form 11 for FY 2024-25 by 30th May 2025 to avoid ₹100 daily penalties. Learn about the filing process, common mistakes, and mandatory requirements.
Learn the step-by-step procedure to convert a partnership firm into an LLP, along with required documents, forms, and post-conversion compliance.
Learn about converting a company to an LLP in India: legal framework, eligibility, steps, benefits like reduced compliance, and key considerations.
Summary: This editorial summarizes the annual and event-based compliance obligations for Limited Liability Partnerships (LLPs) under the LLP Act, 2008 and subsequent amendments up to March 2025. LLPs must meet various regulatory requirements post-incorporation, including maintaining financial records, filing statutory returns, updating partner details, and notifying changes to the Registrar. All LLPs are required to close […]
ICAI’s AASB issues Exposure Draft of Auditing Standards for LLPs. Review the changes and provide feedback by May 1, 2025.
Learn the legal process and key steps to convert an LLP into a private limited company under Section 366 of the Companies Act, 2013.
Avoid common errors in LLP annual return filing like missed deadlines, incorrect forms, and DSC issues. Ensure compliance and avoid penalties with timely action.
NFRA’s latest inspection report highlights audit lapses in top firms, raising concerns over auditor independence, ICFR verification, related party transactions & more.
