Understanding the LLP Amnesty Scheme 2023: A Second Chance for Compliance

By Team Lawgical Startup

In a significant move aimed at promoting ease of doing business and addressing the challenges faced by Limited Liability Partnerships (LLPs), the Ministry of Corporate Affairs (MCA) has introduced the LLP Amnesty Scheme through General Circular No. 08/2023 dated August 23, 2023. This scheme offers a unique opportunity for LLPs to rectify their compliance oversights…

Annual Compliances for Limited Liability Partnership (LLP)

By Team Lawgical Startup

Benefits of LLP – Annual Compliances for LLP – Annual filing – Maintenance of Books of Accounts and Documents – Filing of Income Tax Returns – Audit of LLP Partnership has been the most desirable form of business since ages. Just by adding a prefix i.e. ‘Limited Liability’, A new form of business is created…