Search results
Jan 15, 2024 · Explore applicability of LLP audit under Section 34(4) of the LLP Act, 2008. Delve into an interpretational issue and the impact of the Small LLP definition. Understand penalties for non-compliance.
Apr 18, 2015 · Rule 24 (8) exempt the LLP from the Audit of its accounts if its turnover does not exceed, in any financial year, Rs. 40 lakhs or its contribution does not exceed Rs. 25 Lakhs. Appointment of Auditors. LLPs have to appoint auditor within 30 days before the end of the financial year.
Limited Liability Partnership Act, 2008. A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership.
Limited liability partnership to be body corporate.—(1) A limited liability partnership is a body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners.
Mar 21, 2024 · Section 34 of the LLP Act, 2008 and Rule 24 of the LLP Rules, 2009 prescribe LLP Audit Requirements for Partnerships that have an annual turnover of more than Rs. 40 lakhs or capital contribution exceeding Rs. 25 lakhs in a financial year.
Feb 26, 2016 · Section 34 of Limited Liability Partnership Act, 2008 (LLP): Maintenance of books of account, other records and audit, etc.
How would compliance management (i.e. ensuring that LLPs file their documents with Registrars timely and otherwise comply with other procedural requirements under the Act) be ensured in the Act?
