LLP

Experts noted that while specific standards on auditing exist for companies, such standards are yet to be notified for LLPs

Public comments on a proposal to 'tap synergies' will be accepted till June 6

Ongoing Lok Sabha elections and high base effect from record registrations in FY24 were attributed as reasons for the April drop

More than 1.96 lakh companies and Limited Liability Partnerships (LLPs) were incorporated in the country this year till the end of November, which is higher than 1.88 lakh such entities registered in the year-ago period, the corporate affairs ministry said on Thursday. Providing a review of the key developments during 2023, the ministry said in the framework of corporate governance, it continues to focus on bolstering 'ease of compliance' and 'ease of doing business'. "During calendar year 2023, 1,96,028 companies and LLPs got incorporated as on 30th November 2023 as against 1,88,364 companies and LLPs for the corresponding period during calendar year 2022," the ministry said in a release. Among others, in 2023, the Central Processing for Accelerated Corporate Exit (C-PACE) became operational in May. Amendments were also made to the Competition Act as well as to various rules under the Companies Act. "In an important development, the amendment to the Companies (Compromises, ...

InterGlobe Aviation will set up a venture capital arm to make investments in early stage companies that are into aviation, consumer and allied sectors. The board of the company, the parent of the country's largest airline IndiGo, approved the incorporation of a Limited Liability Partnership (LLP) for venture capital investments on Wednesday. IndiGo's Chief Financial Officer Gaurav Negi said it will be going for regulatory approvals for setting up the LLP and that internal discussions are happening about the possible investments. He said the LLP will be set up with an initial investment of Rs 7 crore. "We are getting into venture capital arm side where we will be making early stage investments in early stage companies...," he said during a call with analysts after announcing the company's June quarter financials. The LLP will focus on "investment in startups operating in aviation, consumer and allied sectors such as travel & lifestyle, hospitality and transportation," a regulatory

Registrar of Companies expect to conduct a more detailed analysis of transactions involving companies that draw attention due to certain regulatory concerns

Amount will be driven by 'business outcomes', according to survey of 200 business leaders

New return to also seeks details on foreign equity and debt held by resident Indians; much more exhaustive list for NRIs

Committee set up by pension regulator to consider suggestions made by consultant for scheme

Company says it's looking for new potential investors as it considers the option of restructuring

At the time of incorporation, five can be appointed designated partners

The entities would get immunity from penal proceedings with respect to delay in submission of requisite filings

Compliance burden may, however, make conversion difficult to execute

An LLP is a company in which partners are not always responsible for each other's actions