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880 LLP’s registered as on 5th March 2010 |
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As per the information available on www.llp.gov.in [1] , till date
880 LLP have been registered with it.
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[1] http://www.llp.gov.in/
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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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Conversion rules under LLP Rules 2009 made effective |
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The Minsitry of Corporate Affairs has notified the rules 32, 33 and
38 to 40 of LLP Rules 2009 relating to conversion of existing
business into LLP w.e.f May 31, 2009 by its notification no SO 132...
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Conversion section under LLP Act 2008 made effective |
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The Minsitry of Corporate Affairs has notified the provisions of
section 55 to 58 of the LLP Act 2008 and Schedule II, III & IV of LLP
Rules 2009 relating to conversion of existing business into LLP by its
notificatio...
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Amendment to rule 32 of of LLP Rules 2009 |
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The Ministry of Corporate Affiars has amended the rule 32(2) to LLP
Rules vide its notification no SO386 (E)
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Amendment to Schedules to LLP Rules 2009 |
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The Ministry of Corporate Affiars has amended the Schedule II, III
LINE-HEIGHT: 115%; FONT-FAMILY: 'Verdana','sans-seri...
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Register as Business User without DSC |
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Now, you can register as Business user on LLP portal without having
Digital Signatures. In case you filling any eform with thus user Id,
you register your DSC after logging on business user
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New eforms made active on www.llp.gov.in |
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Following new eforms have been made active on the LLP portal of MCA:
a) eForm 4: Consent of Partners
b) eForm 23: Application for directions for change of LLP Name.
c) eForm 25: Application for reservation ...
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LLP’s may figure in Tax Treaties |
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To attract more entrepreneurs to limited liability partnerships,
this new form of business structure is likely to be recognised in
double taxation avoidance (DTAA) treaties between India and other
countries. The corporate a...
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No Stamp Duty on conversion into LLP |
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The Government may exempt partnership firms and limited companies
from paying stamp duty while converting into limited liability
partnerships (LLPs), a way of doing business that is favoured
globally for its flexi...
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Tax regime for LLP very soon |
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The Government of India has indicated that the Tax regime for LLP
would be introduced in the later part of the year.
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ICWAI amends regulations to allow Multidisciplinary Partnerships |
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ICWAI council vide notification (subject to approval of central
government) dated 08th April 2009 allowed the members to form
multidiscpinary Partnership . Now the members can enter into
partnership with other professio...
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MCA’s official portal on LLP starts functioning |
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The process of incorporation of LLP on www.llp.gov.in [1] has been
made online with effect from March 13, ...
Links:
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[1] http://www.llp.gov.in/
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First LLP registered in India. |
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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...
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Limited Liability Partnership Rules 2009 notified |
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LLP Act 2008 notified |
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