LLP Act

The government has operationalised the central processing centre for processing filings under the companies law and LLP Act in a "time-bound and faceless manner" as part of efforts to further improve the ease of doing business. Initially, 12 forms and applications under the companies law will be processed at the Central Processing Centre (CPC). From April 1 onwards, other forms and applications will be processed through the centre. "As of now, 4,910 forms have been received by CPC after commencing operations. The forms shall be processed a time-bound and faceless manner," the corporate affairs ministry said in a release on Friday. Later, forms/applications filed under Limited Liability Partnership (LLP) Act are also proposed to be centralised. Based on filing trends, the ministry said it is expected that about 2.50 lakh forms will be processed through CPC annually, once it is fully operational. With the establishment of CPC, the ministry noted that jurisdictional Registrar of ...

The recent amendments to the Limited Liability Partnership (LLP) Act will help entities operating in unorganised forms of businesses shift into organised structures, according to a senior official

Lok Sabha Monday passed the Limited Liability Partnership (Amendment) Bill, which seeks to encourage the start-up ecosystem and further boost the ease of doing business, amid uproar by the Opposition

The bill, which was passed after a short debate, seeks to decriminalise 12 offences under the law and help to improve the ease of doing business by amending LLP Act, 2008.

The government will also introduce a new definition of small LLPs based on their turnover size and contributions by partners

The government on Wednesday approved amendments to the Limited Liability Partnership (LLP) Act, including decriminalising 12 offences under the law

One proposal is to create small LLPs in line with the concept of small companies

From market-cap to GDP ration touching highest in 12 quarters, to bond the market's positive reaction to RBI's moves, here are the top headlines on Monday

One of the changes being proposed is allowing LLPs to issue non-convertible debentures (NCDs), a senior government official told Business Standard

More than 1.45 lakh LLPs are registered under the LLP Act and a bulk of them are small and medium enterprises.

The entities would get immunity from penal proceedings with respect to delay in submission of requisite filings

There can't be any other explanation for the thousands of companies converting to LLPs

Conversion of companies into LLPs picked up pace in the past three years because of easy rules

Certain issues would require detailed evaluation before certainty can be obtained on tax treatment of LLP conversions