List
of LLPs under striking off” hyperlinked to attached PDF
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Showing posts with label Limited Liability Partnerships (LLPs). Show all posts
Showing posts with label Limited Liability Partnerships (LLPs). Show all posts
Use of word ‘National’ in the names of Companies or Limited Liability Partnerships (LLPs)
Friday, March 21, 2014
Posted by Unknown
Circulars, Limited Liability Partnerships (LLPs), LLP Circulars, MCA Circulars, Ministry of Corporate Affairs (MCA)
No comments
Circular No 2/2014, F No. 2/2/2014 – CL-V, dated the 11th
February, 2014
Use of word
‘National’ in the names of Companies or Limited Liability Partnerships (LLPs)
To,
All
Regional Directors,
All
Registrar of Companies,
All
Stakeholders
It
has come to the knowledge of this Ministry that
Companies / Limited Liability Partnerships are being registered with the word
‘National’ in their names. It is being intimated that no company should be allowed to be registered with the
word ‘National’ as part of its title unless it is a government company and the
Central / State government(s) has a stake in it. This
should be stringently enforced by all Registrar of Companies (ROCs) while
registering companies. Similarly, the word ‘Bank’ may be allowed in the name of
an entity only when such entity produces a ‘No Objection Certificate’ from the
RBI in this regard. By the same analogy the word “Stock Exchange” or “Exchange”
should be allowed in name of a company only where ‘No Objection Certificate’
from SEBI in this regard is produced by the promoters.
.
.
.
Notice for Filing Form 11 and Form-8 for the FY ended 31-03-2013
Monday, October 28, 2013
Posted by Unknown
Limited Liability Partnerships (LLPs), Ministry of Corporate Affairs (MCA)
No comments
Notice for
Filing Form 11 (Annual Return) and Form-8 (Statement of Account & Solvency)
for the Financial Year ended 31-03-2013
· All
LLPs registered up to 30-September-2012 have to mandatorily close their
Financial Year as on 31-03-2013 and to file
- Form 11 by 30th May 2013 and
- Form-8 by 30th October-2013.
· LLPs
registered from 01-10-2012 to 31-03-2013 have an option either to close
financial year as on 31-03-2013 or 31-03-2014 and to file both Form-8 & 11
accordingly.
·
Please
note that if LLP fails to file Form-8 and Form-11 within prescribed time, an additional
fees of Rs. 100/- is payable per day till date of filing.
Whether HUF/its Karta can become Partner/DP in LLP?
Monday, September 02, 2013
Posted by Unknown
Circulars, Limited Liability Partnerships (LLPs), LLP Circulars, Ministry of Corporate Affairs (MCA)
No comments
General Circular No. 13/2013, F.No.
1/13/2012-CL-V, dated 29.07.2013
All the Regional Directors,
All the Registrar of Companies / Official
Liquidators,
All Stakeholders
Whether Hindu Undivided Family (HUF) /
its Karta can become Partner / Designated Partner (DP) in Limited Liability
Partnership (LLP)
It has come to
the notice of the Ministry that some Hindu Undivided Families (HUFs) / Kartas
of such families are applying to become Partner/Designated Partner (DP) in LLPs
and a question has arisen whether a 'HUF' or a Karta can be allowed to do so.
The matter has been examined in consultation with Ministry of Law.
2. As per Section 5 of LLP Act, 2008 only
an Individual or Body Corporate may be a Partner in a Limited Liability
Partnership. A HUF cannot be treated as a Body Corporate for the purposes of LLP
Act, 2008. Therefore, a HUF or its Karta can not become designated partner
in LLP.
3. This issues
with the approval of Secretary, MCA
Clarification - Conversion of a Firm into a Limited Liability Partnership
Wednesday, June 19, 2013
Posted by Unknown
Circulars, Limited Liability Partnerships (LLPs), LLP Circulars, Ministry of Corporate Affairs (MCA)
No comments
General Circular No 09/2013, F.No.
1/10/2012-CL-V, dated 30.04.2013
To,
All Regional
Directors,
All Registrar of
Companies,
Conversion of a
Firm into a Limited Liability Partnership- Clarification
The Ministry has
been examining some of the issues raised by stakeholders with regard to
clarifications on the provisions of the Limited Liability Partnership (LLP)
Act, 2008 with regard to conversion of a partnership firm into LLP. The issues
relate to clarification with regard to
(i) Conversion of
multiple partnership firms (including audit firms) into a single LLP and
(ii) Manner in which
Appointee Company shall take note of the change in the status of auditor once
the relevant CA audit has got itself converted into a CA audit LLP as per the
relevant provisions of the LLP Act, 2008.
(2) The relevant issues have been examined
in the Ministry in consultation with the 'Expert Committee on LLP Issues' set
up in the Ministry and following clarifications are conveyed for the guidance
of concerned stakeholders:-
(i) The provisions
of Sections 55 and 58 of the LLP Act, 2008 read with Second Schedule thereto,
inter-alia, provide for requirements in respect of conversion of a single
partnership firm into a single LLP. The LLP Act, 2008 does not provide for Conversion
of Two or More Firms into a Single LLP.
(ii) The provisions
of Section 58(4) (b) of the LLP Act, 2008 provide that on conversion of a firm
into an LLP, as per the provisions of the said Act all property, assets,
interests, rights, privileges, liabilities, obligations relating to the firm
and the whole of the undertaking of the firm shall be transferred to and shall
vest in the LLP without further assurance, act or deed. Accordingly, if a CA
audit firm, being an auditor in a company under the Companies Act, 1956, gets
converted into an LLP after complying with the relevant provisions of the LLP
Act, 2008, then, such an LLP, in accordance with the provisions of section
58(4) (b) of the LLP Act, 2008 would be deemed to be the auditor of the said
company. Reference is also drawn to the notification number SO 1152(E)
dated 23rd May, 2011 and General Circular 30A dated 26th May,
2011 of the Ministry in this regard. The relevant Appointee Company may take
note of such change in status of the auditor through a resolution of the Board.
3. The concerned stakeholders, Registrar
of Companies, appointee companies should take note of the above clarifications
and comply accordingly.
Extension of Time in Filing of Annual Return by LLPs
Wednesday, June 19, 2013
Posted by Unknown
Circulars, Limited Liability Partnerships (LLPs), LLP Circulars, Ministry of Corporate Affairs (MCA)
No comments
Circular No. 15/2012, F.No. 1/1/2011-CL-V, dated
29.06.2012
All
the Regional Directors,
All
the Registrar of Companies/Official Liquidators
All
the Stakeholders
Extension of Time in Filing of
Annual Return by Limited Liability Partnerships (LLPs)
In continuation of this Ministry’s
Circular No. 13/2012 dated 06.06.2012 on the subject cited above, it is stated
that the time for filing the Annual Return by LLPs (i.e. Form 11) has been
extended up to 31st July, 2012.
2. In order to have better
understanding of the circular, it is clarified that the time limit of 60 days
shall be read as 122 days for filing of Form 11 by LLPs in respect of the
Financial Year ending on 31.03.2012. This circular shall be effective from
30.06.2012.
Extension of Time in Filing of Annual Return by LLPs
Wednesday, June 19, 2013
Posted by Unknown
Circulars, Limited Liability Partnerships (LLPs), LLP Circulars, Ministry of Corporate Affairs (MCA)
No comments
Circular No. 13/2012, F.No. 1/1/2011-CL-V, dated
06.06.2012
All
the Regional Directors,
All
the Registrar of Companies/Official Liquidators
All
the Stakeholders
Extension of Time in Filing of
Annual Return by Limited Liability Partnerships (LLPs)
The Ministry has started the process
of decentralization of the functions of the Registrar LLP by authorizing
respective ROCs to discharge the functions of Registrar LLP also on and from 11.06.2012.
Consequently, the LLP system shall remain closed from 31.5.2012 to 10.6.2012.
2. As per the provisions of section 35
of the LLP Act, LLPs which do not file Form 11 within a period of sixty days of
the date of closure of their financial year are required to pay additional fees.
In order to avoid payment of additional fees by such LLPs due to closure of the
system from 31.5.2012 to 10.6.2012, it has been decided to extend the time
limit prescribed under the provisions of section 35 of the LLP Act by 30 days.
3. In order to have better
understanding of the circular, it is clarified that the time limit of 60 days
shall be read as 90 days for filing of Form 11 by LLPs in respect of the
Financial Year ending on 31.03.2012. This circular shall be effective from
31.5.2012.
