Notification/Circular No.: No. 1-CACAF/LLP-F/2025
Document Date: January 23, 2025
Relevant Act/Rule: Chartered Accountants Act, 1949
Description:
The Institute of Chartered Accountants of India (ICAI) has issued guidelines for the aggregation of Limited Liability Partnerships (LLPs) under the Chartered Accountants Act, 1949.
Key highlights include:
1) Eligibility:
2) Governing Provisions:
Partner LLP: Partner LLP means LLP consisting of more than 50% of Chartered Accountants as its partners which is joining another LLP as a partner
Parent LLP: Parent LLP means LLP consisting of more than 50% of Chartered Accountants as its partners which is admitting another LLP as its partner.
3) Naming Clause:
4) Registration:
5) Practice:
6) Reconstitution:
7) Exit/Closure:
8) Miscellaneous:
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