LLP Registration Fees in India: Government Charges, Stamp Duty & Other Costs Explained
LLP Registration Fees in India: Government Charges, Stamp Duty & Other Costs Explained Starting a Limited Liability Partnership (LLP) in India is an increasingly popular choice among startups, professionals, and small businesses due to its simple structure, limited liability, and ease of compliance. However, before diving in, it's essential to understand the costs involved in registering an LLP, including government filing fees, professional charges, and stamp duty payable on the LLP agreement. This article provides a detailed overview of [...]
Designated Partner in LLP: Role, DIN & Compliance Explained
Who Is a Designated Partner in an LLP? Roles, Qualifications, DIN, and More In India, Limited Liability Partnerships (LLPs) offer a flexible structure with the benefits of limited liability and partnership-like operations. However, every LLP must appoint at least two designated partners who hold greater legal responsibility than regular partners. Understanding who a designated partner is, how they differ from other types of partners, and their compliance duties is critical for any business planning to register as an LLP. [...]
IEC Verification Online: How to Verify Import Export Code on ICEGATE
IEC Verification: How to Check Import Export Code (IEC) Status on ICEGATE If you're engaged in import or export activities in India, possessing a valid Import Export Code (IEC) is mandatory. Issued by the Directorate General of Foreign Trade (DGFT), this code facilitates global trade by identifying your business with Indian Customs. However, once issued or modified, it’s important to ensure that your IEC is correctly reflected in the ICEGATE (Indian Customs EDI Gateway) system. This verification helps prevent [...]
How to Check Annual Filing Status on MCA Portal | Step-by-Step Guide
How to Check Annual Filing Status on MCA Portal In India, all companies and LLPs are required to file annual returns and financial statements with the Ministry of Corporate Affairs (MCA). Whether you're a business owner, investor, professional, or a curious individual, it's important to know how to check annual filing status to ensure compliance or verify a company's regulatory standing. This guide simplifies the process of checking the annual filing status of any entity registered with the MCA. [...]
LLP Closure Procedure in India – A Step-by-Step Guide
LLP Closure Procedure in India – A Step-by-Step Guide A Limited Liability Partnership (LLP) is a flexible business structure that combines the benefits of a partnership with the advantages of limited liability. However, when an LLP becomes inactive, non-operational, or financially unviable, it's important to formally close it in compliance with legal requirements. Failure to do so may lead to hefty penalties, late fees, and continuous compliance obligations. This article explains the LLP closure procedure in India, including strike-off [...]
Audit Requirements for LLP in India – A Complete Guide
Audit Requirements for LLP in India – A Complete Compliance Guide Limited Liability Partnerships (LLPs) offer the benefits of limited liability with minimal compliance compared to private limited companies. However, audit requirements for LLP still apply in specific cases, primarily based on turnover and capital contribution thresholds. This article outlines the mandatory audit provisions under the LLP Act, 2008, and the Income Tax Act, 1961, helping partners, accountants, and business owners stay compliant with Indian statutory norms. When is [...]
