Why a LLP is a Subsidiary on Your Balance Sheet, But Not in the Boardroom

October 1, 2026

This article delves into a strikingly similar corporate conundrum: Can a Limited Liability Partnership (LLP) be legally considered a subsidiary of a company? To answer this, we will explore the differing interpretations between the principle-based lens of the Indian Accounting Standards (Ind AS) and the strict, rule-based framework of the Companies Act, 2013.

The article is written by Mr. Tanmay Gogate.

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