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Limited Liability Partnership

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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...

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...

MCA Initiates Process of Decriminalisation of Compounda...

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

Understanding the Provision Regarding 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...

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

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...

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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LLP: Firms can no Longer get away with 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...

LLP Settlement Scheme 2020 Introduced for Defaulting LL...

The Ministry of Corporate Affairs on March 4, 2020, announced a remission scheme called LLP Settlement Scheme, 2020 for Limited Liability Partnerships (LLP...

Registration of (LLP) Limited Liability Partnership Wit...

Due to increase in investment opportunities in India and been a developing country, people from both domestic as well as foreign countries are investing in...

Advantages of Limited Partnership: Reasons to Form Limi...

A Limited Liability Partnership is a partnership in which liabilities of some or all partners are limited. An LLP also allows for pass-through taxation so...

Compounding of Offence under LLP Act

In simple words, Offence means a breach of a Law or Rule. Offences and Penalties come from non-compliance with the provisions of the Act. When it comes to...

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