Limited Liability Partnership Rules India
II. Designated partners have extra roles and responsibilities as compare to these of ordinary members like they are the accountable for accurate filing of LLP affairs and will need to update with legal status.Right after acquiring the name authorized, the Partners of the LLP can give in an application for incorporation of LLP to the Ministry of Corporate affairs, along with the mandatory documents. In case of LLP whose annual turnover is far more than Rs.one hundred Lakhs, the accounts have to be audited as necessary under Income Tax Act as nicely.Below LLP structure, liability of the partner
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