Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
WHAT IS LLP?
NEW BUSINESS VEHICLE
INTRODUCED ON 1.4.2009 BY LLP ACT 2008
GLOBAL MODEL
US-1996
UK 2000
JAPAN 2005
SINGAPORE 2005
FEATURES
LIMITED LIABILITY
PERPETUAL SUCCESSION
SEPARATE LEGAL ENTITY
FLEXIBLE PROFIT DISTRIBUTION
FLEXIBLE MANAGEMENT STRUCTURE
FEW LEGAL AND PROCEDURAL REQUIREMENTS
CANNOT BE FORMED FOR CHARITABLE PURPOSE
PARTNERS
MINIMUM 2
MAX. NO LIMIT
AT LEAST 2 DESIGNATED PARTNERS ONLY INDIVIDUALS
1 DP TO BE RESIDENT IN INDIA
DP TO BE APPOINTED FROM INCORPORATION DATE
ANY VACANCY TO BE FILLED IN 30 DAYS
CHANGE IN DP TO BE INTIMATED IN 30 DAYS
PENALTY
MIN. RS.10000
MAX. 5 LACS
INCORPORATION
PARTNERSHIP AGREEMENT
SHARE OF PARTNERS
WHO SHALL TAKE PART IN MANAGEMENT
REMUNERATION OF PARTNERS
ADMISSION OF NEW PARTNER
DECISION IN PARTNERSHIP
EXPULSION OF PARTNER
CESSATION OF PARTNER
DEATH
CEASED PARTNER REGARDED AS PARTNER BY
PERSON DEALING WITH LLP UNLESS
THAT PERSON HAS NOTICE OF CESSATION
OR SUCH NOTICE DELIVERED TO REGISTRAR
LIABILITY OF PARTNERS
CONTRIBUTION OF PARTNERS
IN THE FORM OF
TANGIBLE PROPERTY
INTANGIBLE PROPERTY
CONTRACT FOR SERVICES
MONETARY VALUE TO BE ACCOUNTED FOR IN
ACCOUNTS
FINANCIAL DISCLOSURES
ACCOUNTS MAINTAINED ON CASH OR ACCRUAL
BASIS
FIXED FINANCIAL YEAR
STATEMENT OF ACCOUNT AND SOLVENCY TO BE
FILED WITHIN 6 MONTHS OF CLOSE OF
FINANCIAL YEAR
AUDIT OF ACCOUNTS IF
CAPITAL>RS 25 LACS
OR TURNOVER >RS. 40 LACS
FILE ANNUAL RETURN WITHIN 60 DAYS OF CLOSE OF
FINANCIAL YEAR
POWERS OF GOVERNMENT
MISC. PROVISIONS
LOAN BY PARTNERS
E FILING OF DOCUMENTS
APPLICATION OF COMPANY LAW
PENALTY FOR NON FILING ANNUAL RETURN/
STATEMENT OF ACCOUNTS AND SOLVENCY
LLP MIN 1 LAC MAX 5 LACS
DP-MIN 10000 MAX 1 LAC