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IS FLA RETURN APPLICABLE ON LLP?

The confusion creeps in because the first page of FLA return [which is an excel based utility] asks for CIN number which is applicable to a company. Therefore, LLP is required to send mail:  surveyfla@rbi.org.in (RBI helpdesk – 022-26578662/8214) to create dummy CIN until RBI amend the FLA return format.

CAN COMPANY ENTER INTO PARTNERSHIP?

    Yes. A company can enter into a partnership with other  person or company, only if there is some power in its Memorandum  of Association or Articles of Association.  [Circular No. 1-81-CL    V].