by Audit Analyst | Sep 8, 2025 | LLP
Growing Popularity Among Professionals • LLPs are increasingly chosen by consultants, startups, and small firms • The structure offers low compliance and high flexibility benefits • Professionals prefer LLPs for joint ventures and shared practices • No dividend...
by Audit Analyst | Sep 8, 2025 | LLP
1. Jindal Cocoa LLP v. Reserve Bank of India (2025) The Bombay High Court addressed the reversal of interest subvention benefits on export credit loans. Jindal Cocoa LLP challenged the interpretation of RBI’s Master Circular on export credit. The court emphasized...
by Audit Analyst | Sep 8, 2025 | LLP
Simplified Regulatory Framework • LLPs are governed by the LLP Act, 2008, with fewer legal formalities • No mandatory board meetings or annual general meetings required • Lesser documentation compared to companies under Companies Act • Flexibility in internal...
by Audit Analyst | Sep 8, 2025 | LLP
Foreign Direct Investment (FDI) in LLPs • FDI is allowed in LLPs under the automatic route in permitted sectors • Sector must allow 100% FDI and have no performance-linked conditions • Investment must be made by way of capital contribution or profit share • LLPs...
by Audit Analyst | Sep 8, 2025 | LLP
Step 1: Obtain Digital Signature Certificate (DSC) • All designated partners must obtain a DSC from a certifying authority • DSC is used to sign and file e-forms on the MCA portal • Required for verification and authentication of online submissions • Class 3 DSC is...
