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MCA has come up with new Limited Liability Partnership (Winding Up and Dissolution) Rules, 2012 on 10th July 2012 |
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The winding Up and Dissolution Rules has been notified by Ministry
of Corporate Affairs on Tuesday, 10th Jul...
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Extension of Timelimit for filing Form 11-Annual Return |
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The Ministry vide CIRCULAR NO.15/2012 dated 29-06-2012 has extended
the time limit of filing of Annual Return by LLPs from the time limit
of 60 DAYS TO 122 DAYS from the closure of financial yea...
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Guidelines for setting up and conversion of firms of PCS into LLPs |
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Institute of Company Secretaries of India has issued Guidelines for
Setting up and Conversion of Firms of PCS into LLPs. These guidelines
shall come into effect from 9th June, 2012. ...
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Notification of Limited Liability Partnership (Amendment) Rules, 2012 |
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Extension of Timelimit for filing Form 11-Annual Return |
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The Ministry vide CIRCULAR NO.13/2012 dated 06-06-2012 has extended
the time limit of filing of Annual Return by LLPs from the time limit
of 60 DAYS TO 90 DAYS from the closure of financial year...
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Solvency & Auditing Guidelines for LLP on cards |
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The government is set to introduce stringent solvency and auditing
norms for limited liability partnerships (LLPs), which would increase
the compliance burden for them but bring in more transparency to
satisfy the regul...
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LLP’s can become members of Stock Exchange |
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SEBI has clarified by its letter dated 11th July 2011 that LLP are
akin to LLC and partnership firms and therefore Stock Exchanges may
consider granting membership to LLPs subject to LLP complying with
the c...
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DPIN has been abolished , Designated Partners needs to apply DIN |
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MCA has vide its notification dated 5th July 2011, amended the
Limited Liability Partnership Rules 2009. Now instead of DPIN, every
partner who will be appointed as Designated Partner, will neet to
apply for DIN and n...
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Government allows FDI in LLP |
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The government on Wednesday approved the much awaited foreign direct
investment policy in LLP. Initally Foreign direct investment in LLPs
will be allowed only in those sectors where 100% foreign owner...
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Union Budget 2011-12 introduces AMT on LLP |
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The Union Budgt 2011-12 had anoounced the levy of Alternate Minimum
Taxes (AMT) on LLP's similar to Minimum Alternate Tax on companies.
LLP's where the regular income tax payable for a previous year is
le...
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Introduction of PDF Version for LLP Forms on the LLP Portal |
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Ministry of Corporate Affairs has introduced the new feature of
downloadable e-forms on the LLP Portal. Alike at mca.gov.in, Users
may now download the llp e-forms required to be filed and upload the
same once filled at their end.
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No foreign loans to LLP |
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Limited liability partnerships in the country may not get access to
cheap overseas funds, which could discourage big firms from switching
to this form of business that combine the features of companies and
partnerships.
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Discussion paper on FDI in LLP, issued |
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DIPP has issued the much awaited discussion paper on allowing Foreign
Direct Investment (FDI) into LLP. Currently there is no policy in
respect of the FDI in LLP and this discussion paper will pave the way
for regulator...
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Foreigners may get to set up LLPs in sectors open to FDI |
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Government may soon allow foreigners to set up limited liability
partnerships in sectors where 100% foreign investment is allowed,
taking a decisive step after much flip-flop over funding guidelines
for this form of business organisation, favoured...
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3194 LLPs are registered as of 27th December 2010 |
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As per information available on ww.llp.gov.in, 3194 LLPs are
registered as of 27th December 2010...
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Let foreigners set up LLPs in areas open to FDI |
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The finance ministry has pitched for allowing foreigners to set up
Limited Liability Partnerships (LLPs) in all the sectors open to
foreign direct investment.
The ministry has written to the department of indus...
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RBI to amend rules to control NBFC turning into LLP |
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Reserve Bank of India is planning to amend its rules to pre-emp non
banking finance companies (NBFC) from misusing the liberal rules
governing limited liability partnership firms
To check out complete news, please check out the Article section...
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Select LLPs may get 49% FDI |
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FOREIGN investors may soon be able to set up Limited Liability
Partnerships, or LLPs, in India, as the government is all set to
allow foreign direct investment in this new form of business
organisation.Initially...
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Conversion of Company into LLP is now exempt from Capital Gain |
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As per the Union Budget 2010-11, the conversion of the exiting
private limited companies and unlisted public limited companies into
LLP will be exmept from the provisions of the capital gain , if the
specified conditio...
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Applicability of certian provisions of Companies Act 1956 on LLP |
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The Minsitry of Corporate Affairs made applicable the following
sections 441, 443, 445, 446,448, 450, 451, 453, 454, 455, 456, 457,
458, 458A, 460, 463, 464, 465, 466, 467, 468, 471, 474,476, 477, 478,
479, 481, 482, 483, 484, 486, 487, 488, ...
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LLP Rules amended vide LLP (amendment) Rules 2010 |
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The Minsitry of Corporate Affairs has amended the LLP Rules 2009 by
LLP (Amendment) Rules 2010. The said amendment was notified by
notification no GSR 24(E) dated 11th Jan, 2010 , which shall come in
force w...
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Company Secretaries allowed to form LLP |
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The Institue of Company Secretaries of India has allowed Company
Secretaries in practice to become a partner of LLP , for the purpose
of rendering non attestation services. To know check out , LLP by
Professionals under qui...
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Foreign Investment Policy for LLP Firms under review |
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New Delhi: The government has decided to clarify the foreign
investment rules under the new limited liability partnership (LLP)
framework. An official confirmed to FE that the ministry of corporate
affairs has urged the dep...
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LLP’s will be taxed as Partnership Firms under Income Tax Act |
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The Union Budget 2009-10 has introduced the taxation provision for
Limited Libaility Partnership, from assesment year 2010-11, LLP will
be taxed as per Partnership firms. The entire provisions of Income
Tax as are app...
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Different Tax regime for LLP in Budget |
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The Union minister of Corporate Affairs has indicated that he budget
may announce a different tax regime for recently introduced new form
of business structure i.e. Limited Liability Partnership. The budget
may have ta...
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