The Enforcement Directorate (ED) has launched an extensive investigation into a multi-state financial fraud involving a web of partnership firms allegedly used to route illicit funds, fabricate invoices, and launder money across various industries. The probe,...

Courts and legal advisory firms across India have reported a notable rise in partnership firm dissolution cases in the aftermath of the COVID-19 pandemic, as economic stress, shifting business models, and internal disagreements continue to strain small and...

In a move aimed at supporting India’s micro and small enterprise sector, the Ministry of Labour and Employment has initiated a review of labour law compliance requirements for small partnership firms, particularly those employing fewer than 10 workers. The objective...

Several e-commerce partnership firms are under legal scrutiny following investigations by the Goods and Services Tax (GST) authorities, which have uncovered alleged tax evasion practices involving underreported sales, fake invoices, and unauthorized input tax credit...

 A high-level government-appointed panel has submitted its recommendations advocating the creation of a single-window clearance system for all types of business entity registrations in India, including partnership firms, LLPs, and private limited companies. The...

 A recent round of income tax raids conducted by the Directorate of Income Tax (Investigation) in Gujarat has unearthed multiple Permanent Account Number (PAN) violations by several partnership firms operating across the textile and trading sectors. The raids,...

 In a case that underscores the importance of strict adherence to partnership agreements, a legal notice has been served to a Chennai-based partnership firm by one of its founding partners for alleged breach of the Partnership Deed. The notice, issued through...

Across India’s rural heartlands, the partnership firm model is emerging as a powerful enabler of grassroots entrepreneurship, offering a flexible, low-cost structure for small businesses to thrive. From agro-processing units and rural transport services to tailoring...

 In a bid to enhance transparency and prevent financial misconduct, the Government of India has directed that partnership firms must now disclose details of their beneficial owners in accordance with amendments to the Prevention of Money Laundering Act (PMLA) and...

 In a move aimed at streamlining the business registration landscape across the country, several state governments have jointly urged the central government to implement uniform rules for the registration of partnership firms. The appeal comes amid growing...