LLP COMPLIANCE
LLP compliance is essential for maintaining its legal standing under the MCA, protecting partners' limited liability, and avoiding substantial daily penalties that quickly accumulate. Regular filings ensure transparency, build credibility with banks and clients, and enable smooth future operations or eventual closure. Essentially, it keeps your LLP active, protected, and financially sound.
ADT - 1 FILING
Appointing a Company Auditor
Form ADT-1 is a mandatory e-form filed with the Ministry of Corporate Affairs (MCA) by companies in India to officially inform the Registrar of Companies (ROC) about the appointment of their statutory auditor(s). This filing is crucial for ensuring regulatory compliance regarding the company's financial oversight.
WINDING UP - LLP
Winding up a Limited Liability Partnership (LLP) in India means formally closing its operations and removing its name from the Register of LLPs. This process ensures all liabilities are settled and the entity legally ceases to exist. There are two main ways to wind up an LLP:
-
Voluntary Winding Up: This is chosen when the partners decide to cease operations.
-
Winding Up by Tribunal (Compulsory Winding Up): Ordered by the National Company Law Tribunal (NCLT) due to reasons like insolvency, fraudulent activities, or persistent non-compliance.
FORM CHG-1 & CHG-4
Companies in India often secure loans or credit facilities by creating a 'charge' on their assets (e.g., land, machinery, stock) in favor of lenders. The Ministry of Corporate Affairs (MCA) requires specific forms to be filed for the registration and satisfaction of these charges, ensuring transparency for all stakeholders.