MCA Extends Deadlines for LLP BEN-2 & LLP Form No. 4D

MCA Extends Deadlines for LLP BEN-2 & Form No. 4D On May 7th 2024, MCA (Ministry of Corporate Affairs) issued General Circular No. 3/2024, mentioning LLP BEN-2 and LLP Form No. 4D can be filed without any payment of additional…

Checklist for Incorporation of Company in India

Checklist for Incorporation of Company in India Indian Parliament passed the Companies Act of 2013 to incorporate and regulate companies. If you want to start a company, whether private limited, public limited, LLP, or OPC, you must register under this…

New Compliance for LLPs Significant Beneficial Owner

New Compliance for LLPs Significant Beneficial Owner The Ministry of Corporate Affairs, through Notification No. G.S.R...(E), dated 09.11.2023, has introduced the Limited Liability Partnership (Significant Beneficial Owners) Rules, 2023. These rules come into effect from the date of their publication…

Conversion of OPC to LLP: A Step-by-Step Guide

Conversion of OPC to LLP: A Step-by-Step Guide The popularity of Limited Liability Partnerships (LLPs) has grown significantly due to their advantageous business model, providing numerous long-term benefits. This innovative structure merges features from partnerships and corporate entities, enabling business…

What is the Difference Between Partnership & Limited Liability Partnership Firm?

What is the Difference Between Partnership & Limited Liability Partnership Firm? Partnership and Limited Liability Partnership (LLP) are two different types of business structures with some distinct differences. Understanding the difference between Partnership & LLP is crucial for entrepreneurs looking…

What is the main purpose of a limited partnership?

What is the Main Purpose of a Limited Partnership? A limited partnership is a legal business structure that allows two or more individuals to form a business together. The main purpose of a limited partnership is to provide limited liability…

Section 8 Company Registration

SectionĀ 8 Company Registration A company is referred to as a "Section 8" company when it is registered as a non-profit organization (NPO), i.e., when it has the motive of promoting arts, commerce, education, charity, protection of the environment, sports, science,…

Limited Liability Partnership (Amendment) Act, 2021

Limited Liability Partnership (Amendment) Act, 2021 Recently, on 13th August 2021, the President approved the Limited Liability Partnership (Amendment) Bill, 2021. Accordingly, post receipt of the assent, the same became the Limited Liability Partnership (Amendment) Act, 2021. The key points…

Rights and Duties of Partners in a Partnership Firm

Rights and Duties of Partners in a Partnership Firm The mutual relations between the partners of a firm comes into existence through an agreement between the said partners. This gives rise to mutual right and duties to every partner involved…

LLP Tax Filing – Income Tax Rate & 2017 Deadline

LLP Tax Filing - Income Tax Rate & 2017 Deadline LLP or Limited Liability Partnership is a corporate entity formed under the Limited Liability Partnership Act, 2008. LLPs have a separate legal identity from that of its partner like a…