Ø Comparison of LLP with Partnership and Company Though LLP is a combination of both Partnership and Company, it differs from them in certain aspects as discussed below: Sr. No Conditions
AUDIT OF LLP Limited Liability Partnership alike Companies are required to get their accounts audited as per the provisions provided under Limited Liability Partnership Rules 2009.Is it necessary for all LLPs? No, Only the Limited Liability Partnersh
Limited Liability Partnership (LLP)By: Nirav Pankaj Shah,Compine Juriz, Advocates & Corporate AdvisorsAhmedabad. (A) General: As you all are aware, the Country now has a new form of business organization called Limited Liability Partner
The following obligations under the Companies Act have to be fulfilled by the board of directors: 1. Statutory meeting (applicable to a public company limited by shares and guarantee having share capital): you must convene a General meeting of the m
Few important points touching Company Law in India: · The study of company law can’t be seen in isolation with other laws like SEBI Act, RBI Act, Depository Act, the Securities Contracts Regulation Act, the debt recovery and sec
SEBI – an understanding: The clause 45B of section 2 of the Companies Act, 1956 defines the word “Securities and Exchange Board of India” mean the Securities and Exchange Board of India established under section 3 of t
COMPARISON BETWEEN PRIVATE LIMITED COMPANY & PUBLIC LIMITED COMPANY MEANING:A private company is one which-(a) has a minimum paid-up capital of Rs. 1lakh or such higher capital as may be prescribed and ;(b) by its Articles of Association
A few points discussed on Limited Liability Partnership by Mr.Ashish Makhija Ji, a well known corporate lawyer, in a CPE seminar held in Delhi 1. Liability of partners can go up to the extent of Capital contributed by him.2.
Steps to be taken to incorporate a new company:- Steps to be taken to get a new company incorporated:· Select, in order of preference, at least one suitable name upto a maximum of six names, indicative of the main objects of the company.&midd
Understanding “Book of Accounts” under company law: Clause (a) to (c) of the sub-section (1) of section 209 requires every company to maintain books of accounts in respect of receipts, expenditure, sales, purchase, assets and
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