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    LLP First financial year

    Posted By : Kamal / Published on : 30-Dec-2021 10:17 AM / View : 1505 / Comment : 0

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    Dear All

    LLP incorporation date is 8th November 2019. As per LLP agreement it is mentioned that First FY shall end on 31st March of next year.

    Should LLP close First FY as per above clause LLP agreement i.e. 31st March '20 or as given in the Act for definition of financial year if LLP incorporated post 30th September of a year, the financial year may end on 31st March of the year next following that year i.e. 31st March 2021.

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