Adjudication of penalties (1) For the purposes of adjudging penalties under this Act, the Central Government may, by an order published in the Official Gazette, appoint as many officers of the Central Government, not below the rank of Registrar, as adjudicating officers in such manner as may be prescribed. (2) The Central Government shall, while […]
Offences by limited liability partnerships Where an offence under this Act committed by a limited liability partnership is proved (a) to have been committed with the consent or connivance of a partner or partners or designated partner or designated partners of the limited liability partnership; or (b) to be attributable to any neglect on the part of the partner or partners or designated partner or designated partners of that limited liability
Power of Registrar to strike defunct limited liability partnership off register Where the Registrar has reasonable cause to believe that a limited liability partnership is not carrying on business or its operation, in accordance with the provisions of this Act, the name of limited liability partnership may be struck off the register of limited liability partnerships in such manner as may be prescribed: Provided that the Registrar shall, before striking
General penalties 1[If a limited liability partnership or any partner or any designated partner or any other person contravenes any of the provisions of this Act or the rules made thereunder, or any condition, limitation or restriction subject to which any approval, sanction, consent, confirmation, recognition, direction or exemption in relation to any matter has been accorded, given or
Omitted Amendment 1.Omitted by the Limited Liability Partnership (Amendment) Act, 2021 dated 13th August 2021. Amendment Effective From 01 April 2022. Original content: 73. Penalty on non-compliance of any order passed by Tribunal Whoever fails to comply with any order made by the Tribunal under any provision of this Act shall be punishable with imprisonment which
Jurisdiction of Tribunal and Appellate Tribunal (1) The Tribunal shall exercise such powers and perform such functions as are, or may be, conferred on it by or under this Act or any other law for the time being in force. 1[(2) Any person aggrieved by an order of Tribunal may prefer an appeal to the Appellate Tribunal: Provided that no
Form DIR – 2 is a document in which an individual declares his consent to be appointed as a Director of a certain company. It is documented proof of this effect. The form contains the name, address, occupation, and contact details of the individual. The DIN and PAN details too are provided in it. It
Businesses produce financial statements (i.e., income statement, balance sheet, cash flow statement, etc.) to provide information about their financial performance to stakeholders, such as investors, employees, banks, regulatory bodies, and so on.A financial audit is a thorough, detailed examination of a company’s financial statements and accounts. A dispassionate third-party auditor conducts the audit and develops an audit opinion
Application of other laws not barred The provisions of this Act shall be in addition to, and not in derogation of, the provisions of any other law for the time being in force. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice |
Enhanced punishment In case a limited liability partnership or any partner or designated partner of such limited liability partnership commits any offence, the limited liability partnership or any partner or designated partner shall, for the second or subsequent offence, be punishable with imprisonment as provided, but in case of offences for which fine is prescribed either along with or exclusive of imprisonment, with fine which shall be twice the amount of
CA Bhuvnesh Kumar Goyal
Chartered Accountants
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