Compliances of LLP and penalties for non compliance.
All LLPs registered under the LLP Act, 2008 need to file Annual Returns and Statement of Accounts for every Financial Year. It is mandatory for an LLP to file a return irrespective of whether it has d
Key Highlights of LLP (Amendment) Act, 2021
In the Budget 2021, our hon’ble financial minister announced about Amendment in LLP Act. In continuation of same, Ministry of Corporate Affairs issued a press release on 03rd February 2021. https://pi
Cabinet approves amendments to LLP Act 2008
Limited Liability Partnership Amendment Bill, 2021 The Cabinet on 28th day of July, 2021, Wednesday, approved amendments to the Limited Liability Partnership (LLP) Act for decriminalising offences und
Limited Liability Partnership (LLP) : Characteristics, Advantage and Disadvantages
LLP is a corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in a flexible, innovative, and efficient manner, providing benefits of lim
Process of Name approval of LLP through "RUN-LLP (Reservation Unique Name-LLP)"
The Complete process of LLP incorporation comprises various steps. Here in this article, we will describe the most essential step which is the "Process of Name approval (Name reservation) of LLP". Ste
Compliance dues dates for Companies and LLP for May 2021
Applicable Laws/Acts Due Dates Compliance Particulars Forms / Filing mode Companies Act, 2013 Within 180 Days From The Date Of Incorporation Of The Company (one time compliance only) As per
Audit Requirement for an LLP in India
What is an LLP? LLP or Limited Liability Partnership is an alternative business form that provides the advantages of a limited liability company and the flexibility like that of a partnership firm. An
Compliance requirements for Company & LLP Filing for Jan'21
This article contains various Compliance requirements for the Month of January 2020 under the Companies act and LLP Act. Compliance means “adhering to rules and regulations.” Compliance is a continuou
LLP Agreement - Essential Clauses to be included
What is the LLP Agreement? Section 2(1)(O) of the Limited Liability Partnership Act, 2008 defines it as under: “LLP Agreements mean any written agreement between the partners of the Limited Liability