LLP

STRIKE OFF OF LLP WITHOUT FILING OF ANNUAL RETURNS (FORM-8 AND FORM-11)

Before Limited Liability Partnership (Amendment) Rules, 2017 LLP was required to file all pending annual returns before making an application for strike off of LLP in form-24 But the Central Government hereby makes the following rules further to amend the Limited Liability Partnership Rules, 2009, namely:—   (1) These rules called the Limited Liability Partnership …

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FAQ’S ON LLP AFFAIRS & Latest Extension

TOP 10 FAQ’S ON LLP AFFAIRS & Latest Extension

Q1. Can an existing partnership firm be converted to LLP? Yes, an existing partnership firm can be converted into LLP by complying with the Provisions of clause 58 and Schedule II of the LLP Act. ROC – Filings: Form 17 needs to be filed along with Form 2 for such conversion and incorporation of LLP. Q 2. Can an …

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LLP Form 8 Due Date Extended

LLP Form 8 Due Date Extended

Ministry of Corporate Affairs (MCA) vide General Circular No. 16/2021 dated 26.10.2021 has issued notification / circular and provided Relaxations in paying additional fees in case of delay in filing Form 8 (the Statement of Account and Solvency) by Limited Liability Partnerships upto 30th December, 2021. Notification text: This Ministry has received a representation seeking …

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Extension of time limit for preparing the Statement of Account and Solvency and for getting the accounts Audited in LLPs & subsequent filing thereof-reg

Amendment approved in Limited Liability Partnership Act, LLP firms will get benefit

The amendment to the Limited Liability Partnership (LLP) Act was approved on Wednesday. In this, removal of provisions of criminal action for non-compliance of certain rules is prominent. At present the turnover of LLP is 40 lakhs and partner’s participation is limited to Rs 25 lakhs. After the amendment, the turnover limit will increase to …

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LLP ANNUAL REPORT FORMAT

XYZ………. LLPLLPIN: ……………………… CONTENTS Member’s Report Partners’ Responsibilities Statement Independent Auditor’s Report Limited Liability Partnership Balance Sheet Limited Liability Partnership Profit & Loss Account Notes to the Financial Statements LLP’S PARTNERS’ REPORT The Partners present their ………..st/rd Annual Report on the affairs of the LLP together with the Auditor’s Report and Financial Statements for the Financial Year …

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