GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS OFFICE OF THE REGISTRAR OF COMPANIES CUM OFFICIAL LIQUIDATOR, HIMACHAL PRADESH,CORPORATE BHAWAN PLOT NO.4-B, SECTOR 27B, CHANDIGARH PHONE NO.0172-2639415, 2639416 Dated 13.04.2021 Notice In the matter of Section 75 of the Limited Liability Partnership Act, 2008 read with Rule 37 (2) of Limited Liability Partnership Rules 2009. List of the LLPs which have made a..
A Limited Liability Partnership is a business structure that requires a minimum number of two members and there is no limit on the maximum number of members. The liability of the members of the Limited Liability Partnership is limited. If we talk about Compliance requirement of an LLP, it is less than Private Limited Company. Yet it is important to keep a track of the Important Statutory due dates for LLP Annual Filing falling in the year so that an LLP can be well prepared for all the complianc..
Before knowing the LLP registration process, we must know about LLP and what are its benefits and how it is a good option for start-ups. LLP is an organization that is registered with the Government under the Registrar of Companies it is just like a partnership with the limited liabilities of its partners and its full name is Limited Liability Partnership. Like a partnership firm, it also consists of partners to operate its function and management. It has the features of both a partnership fi..
Preamble Many professionals differ in their views for a Question as to 'Whether a Limited Liability Partnership can accept loan or deposit from an individual'? Some professionals are of the opinion that LLP can take loan/Deposit from individuals and some other says 'No'. This is an approach to remove the ambiguity. Whatever I state hereunder is my opinion and I request the reader to read corresponding Act and seek answer for the question stated above. Applicable statues for..
ANNOUNCEMENT Sub: Planning of extension of few of the provisions of the Companies Act, 2013 to the LLP Act, 2008 This is to inform you that the Ministry of Corporate Affairs has issued an announcement regarding planning of extension of few of the provisions of the Companies Act, 2013 with some modifications and adaptations, to the LLP Act, 2008 vide its power drawn from Section 67(1) of the LLP Act, 2008. The said provisions which are planned to be extended to LLP Act, 2008 are as follows:..
With the object of unleashing the entrepreneurial spirits of our youth and to remove the fear of criminal prosecutions for non- substantive minor and procedural omissions and commissions in the normal course of their business transactions, the Government of India in the Ministry of Corporate Affairs (MCA) decided to initiate the process of decriminalization of compoundable offences under the limited liability partnership (LLP) Act, 2008, for greater ease of doing business for law abiding LLPs. ..
MCA: 2021 Shri Rajesh Verma, 1AS Secretary Ministry of Corporate Affairs Government of India Shastri Bhawan Dr.Rajendra Prasad Road New Delhi -110001 Subject: Extension in timelines for filings by LLPs-reg. Respected Sir, Amidst the pandemic, it is appreciable that the Ministry of Corporate Affairs (MCA) has been at the forefront in providing relief to the professionals and corporates. The LLP Settlement Scheme, 2020 l..
MCA invites comments on the report of the Company Law Committee on Decriminalization of the LLP Act, 2008 latest by 2nd February 2021 The Official Notification has been attached herewith ..
IMPACT OF NO EXTENSION OF CFSS & LLP SETTLEMENT SCHEME What were the benefits of the MCA Scheme? The Ministry of Corporate Affairs, Government of India (MCA), introduced a one of its kind “Fresh Start” Scheme for all companies and Limited Liability Partnerships (LLPs) as a one-time opportunity, in the backdrop of the widespread disruption caused by the COVID-19 pandemic, vide its general circular nos. 12/2020 and 13/2020 dated 30th March, 2020. Highlights of the Companie..
The Institute of Company Secretaries of India has written a representation letter to the Union and Finance Minister Smt. Nirmala Sitharaman requesting for the Ministry of Finance to extend the Companies Fresh Start Scheme to 31st March 2021. The validity for the CFSS Scheme collapsed on 31st December 2020. However, no news for the extension has come yet. Professionals have also taken it to Twitter to express their demands, as Extends_CFSS trends on the social networking site. Read the off..
Professional Development Committee The Institute of Chartered Accountants of India 17th December, 2020 Empanelment of Chartered Accountant firms/LLPs for the year 2021-2022 Like every year, Office of the Comptroller and Auditor General of India invited online applications from Chartered Accountant firms/LLPs who desire to be empanelled with their office for the year 2021-2022 for the purpose of appointment of auditors of Companies as per Sections 139 (5) and 139(7) of the Companies Act 2..
LLP - Limited Liability Partnership were Introduced in 2008 in India, However with increasing compliances in registration and regulations relating to Private Limited Companies, LLPs are gaining momentum in India. These are economical while registering as well as while fulfilling ROC compliances. There are hefty fines to Private Limited companies on non-compliance compared to LLPs. How is LLP different from Partnership firm? Partnership firm is not a separate legal entity while LLP is a ..