Registration under Indian Partnership Act, 1932
The Indian Partnership Act, 1932 was enacted to provide a comprehensive law governing partnerships in India. Before this, partnership provisions were included in the Indian Contract Act, 1872. With the growth of trade and the increasing importance of partnerships in commerce, a separate legislation was required. The Act came into effect on 1st October 1932, laying down rights, duties, and obligations of partners, along with rules for the formation, registration, and dissolution of partnership firms.
Appointment of Auditor in Limited Liability Partnership
In India, a Limited Liability Partnership (LLP) is a popular business structure that combines the flexibility of a partnership firm with the limited liability benefits of a company. Governed by the Limited Liability Partnership Act, 2008, LLPs are designed to provide entrepreneurs with a business model that offers operational ease and fewer compliance requirements compared to companies
LLP Form 8 and Maintenance of Books of A/c
Every LLP should maintain proper books of a/c relating to its affairs each year and prepare a Statement of A/c and Solvency for the FY as at the last day of the F.Y. in Form 8
LLP Form 11
Every limited liability partnership shall file an annual return within sixty days of closure of its financial year, along with all the documents which are required to be or attached to such annual return, duly authenticated with the Registrar in LLP Form No. 11