WHEN THE FIRST LLP WILL BE FORMED???

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CA Sudhir Halakhandi

PRACTICING CHARTERED ACCOUNTANT

13401 Points Joined November 2008

WHEN THE FIRST INDIAN LLP WILL BE FORMED?????

Replies (4)

sumit

CA student

203 Points Joined February 2008

well i read in the newspaper...minister of corporate affairs Mr. P.C. Gupta said dat it wld be registered by 01.04.2009...bt there is a possibility dat dis might get delayed because we still dont have any clarifications abt the tax implications for LLP

BINOY CHACKO

Co-Founder

317 Points Joined March 2009

CompaniesInn.com India Private Limited, the First Online Company / LLP Registration Portal in India has registered the first LLP online with www.llp.gov.in on 24-04-2009 (CompaniesInn Consulting LLP)

CompaniesInn Consulting LLP becomes the first LLP registered online with www.llp.gov.in

shailesh agarwal

professional accountant

7647 Points Joined September 2008

Handoo and Handoo becomes first LLP company of India

3 Apr 2009, 1943 hrs IST, PTI

NEW DELHI: The legal consultants Handoo and Handoo have become the first Limited Liability Partnership firm of India, a new form of business

structure where the partners' liability is limited to the extent of their stake, introduced by the governemnt from April 1.

Delhi-based R K Handoo and Associates is the first LLP that has opted for the LLP form of entity. The firm has four members-- R K Handoo, Yogendra Handoo, Roohi Kohli and Sushma Handoo, in which Sushma is a non-practicing partner.

The LLP Act, passed by the Parliament and given assent by the President Pratibha Patil, was notified beginning this fiscal after being approved by the Election Commission.

The new business form will specially benefit professionals like chartered accountants and company secretaries and will allow them to come together and form an LLP and provide a single platform to all people wanting to avail of professional services.

A Limited Liability Partnership is a hybrid of partnership firms and companies and is a separate legal entity with liability being limited to the extent of stake held by a partner.