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    What is Small LLP Concept ?

    Posted By : SHALU / Published on : 19-Jul-2023 08:39 AM / View : 430 / Comment : 3

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    Please share the details and compliances applicable for Small LLP.
    Read more on : concept small

    • Refer section 2(1)(ta) of Limited Liability Partnership Act,2008 for definition of Small LLP. 

      “small limited liability partnership” means a limited liability partnership—

      (i) the contribution of which, does not exceed twenty-five lakh rupees or such higher amount, not exceeding five crore rupees, as may be prescribed; and

      (ii) the turnover of which, as per the Statement of Accounts and Solvency for the immediately preceding financial year, does not exceed forty lakh rupees or such higher amount, not exceeding fifty crore rupees, as may be prescribed; or

      (iii) which meets such other requirements as may be prescribed, and fulfils such terms and conditions as may be prescribed;

       

       

      07-08-2023 / 07:36:23 AM
      Reply
    • Minimum of 2 designated partners who are Tunnel Rush individuals, at least one of whom should be a resident in India.

      27-04-2024 / 03:46:33 AM
      Reply
    • Shalamar Hospital's

      29-04-2024 / 01:57:50 PM
      Reply
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