Articles by CS Divesh Goyal

Extension of AGM FY 2020-21

CS Divesh Goyal 20 September 2021 at 18:04

In this article, we shall discuss on clarification of circular no 02/2021 in respect of Extension of Annual General Meeting of f.y. 2020-21 till 31 December 2021.

Process of Extension of AGM Annual General Meeting

CS Divesh Goyal 15 September 2021 at 15:42

In this editorial, the author shall discuss the Process and provisions of extension of Due Date of Annual General Meeting (hereafter referred as "AGM").

Conversion of partnership firm into LLP

CS Divesh Goyal 10 September 2021 at 14:00

Partnership firms are at a disadvantage when compared to the newly introduced LLP as they do not provide limited liability protection for the partners, separate legal entity status, and ease of ownership transfer etc.

Process / Provision of Strike of LLP

CS Divesh Goyal 09 September 2021 at 18:27

The provision in relation to the closure of LLP has been mentioned u/s 75 of LLP Act, 2008. The name of defunct LLP can be struck off by the Registrar Suo-motto or on application by the LLP.

Annual Compliance Calendar Of LLP

CS Divesh Goyal 09 September 2021 at 10:08

Even if LLP does not do any business, it has to comply with statutory requirements such as Annual Return, Balance Sheet, Profit and loss Account, Income tax return etc. every year.

Procedure for Change in Registered Office

CS Divesh Goyal 09 September 2021 at 10:08

As per Section 13 of LLP, 2008 every LLP shall have a registered office to which all communications and notice may be addressed and where they shall be received.

Procedure For Admission Of New Designated Partners

CS Divesh Goyal 09 September 2021 at 10:08

As per Section 7 of LLP, 2008 every LLP shall have at least two Designated Partners who are individuals and at least one of them shall be a Resident in India. Only an Individual can be appointed as a Designated Partner.

Process for Change in name of LLP

CS Divesh Goyal 09 September 2021 at 10:08

In case there is no clause in the limited liability partnership agreement relating to change in the name the same can be made with the consent of all the partners.

Procedure for change in partners

CS Divesh Goyal 09 September 2021 at 09:55

A person can be admitted as a partner in LLP as per the provisions of the LLP agreement and section 22 of the LLP Act, 2008. If the agreement is silent then the partner shall be appointed as per Schedule I.

Section wise Impact of LLP Amendment Act, 2021

CS Divesh Goyal 21 August 2021 at 09:53

Both houses of Parliament has approved the LLP Amendment Bill, 2021. Finally, the same got the approval of the President of India on 13th August 2021 and became the LLP Amendment Act, 2021.