Limited Liability Partnership

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Limited Liability Partnership

Know the LLP Closure Advantages and Disadvantages

Know the LLP Closure Advantages and Disadvantages

In a case where a Limited Liability Partnership, also called an LLP, becomes dormant, it is advisable to move forward with the LLP closure process. In orde...

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Limited Liability Partnership

Parliament passes the LLP (Amendment) Bill, 2021

Parliament passes the LLP (Amendment) Bill, 2021

The Lok Sabha recently passed the Limited Liability Partnership (Amendment) Bill, 2021, with a view to encourage the start-up ecosystem and facilitate grea...

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Limited Liability Partnership

Is an LLP permitted to carry out financial activity?...

Is an LLP permitted to carry out financial activity

An LLP or Limited Liability Partnership can carry out any business activity which is legal in India. These business activities includes trading, manufactur...

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Limited Liability Partnership

MCA Initiates Process of Decriminalisation of Compounda...

Process of Decriminalisation of Compoundable Offences under LLP Act

Based on the recommendations from the Company Law Committee, the Ministry of Corporate Affairs has begun the process of decriminalization of the compoundab...

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Limited Liability Partnership

Understanding the Provision Regarding Strike off of LLP...

Strike off of LLP

The Ministry of Corporate Affairs (MCA) recently amended the provision relating to the strike off of LLP. The penalties for defaulting LLP’s in filing an...

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FEMA Limited Liability Partnership

Foreign Direct Investment in an LLP (Limited Liability...

Foreign Direct Investment in an LLP

A partnership can be defined as an association between two or more people to share profits. The Indian government to provide some benefits to partnerships...

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Limited Liability Partnership Startup

Why your startup in India should be an LLP

Why your startup in India should be an LLP

Startup in India is of three types mainly: Sole proprietorship, Partnership firms and Company (private or public) to set up business structures. Although a...

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Limited Liability Partnership Startup

LLP: Firms can no Longer get away with Lapses

Lapses

Usually, whenever any application or document is required to be filed with the Central Government or with the Registrar of Companies (ROC) and the same is...

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