Can LLP do investment activites

• August 18, 2020
• CA Chandan Agarwal's Office

LLP Act:

As per section 2(e) of the Limited Liability Act, 2008(LLP Act), “business” includes every trade, profession, service and occupation;

In Form 2 for Incorporation Document and Subscriber’s Statement:

Business activities to be carried out by the LLP on incorporation:

(Note: In case business activities consists of banking, insurance, venture capital, mutual fund, stock exchange, asset management, architect, merchant banker, securitization and reconstruction, chit fund, and non-banking financial activities, a copy of in principal approval of the regulatory authority should be attached)

6 * Based on business activities, main business of industrial activities of the LLP as per NIC-2004

Description of Main division of industrial activities

Read more on: https://taxguru.in/corporate-law/llp-investment-activites.html