ICAI’s Aggregation of LLPs Guidelines, 2024: Key Highlights
- ✅ LLPs with over 50% CA partners can form or join other LLPs while keeping individual CA practitioners as the majority.
- ✅ Mandatory ICAI registration for LLPs and establishment of a Board of Management for governance and compliance.
- ✅ LLP names must comply with CA Regulations, MCA, LLP Act, and ROC practices.
- ✅ Clearly defined rules for LLP reconstitution, exit, and closure.
- ✅ Introduction of ‘Doc Locker’ for secure document storage and a grievance redressal cell for issue resolution.
