Corporate Law Articles

Full details about LLP from Registration to Compliances

Varsha Nayyar 14 September 2021 at 09:32

Limited liability partnership is a body corporate and legal entity separate from its partners. LLP has fewer compliances as compared to registered companies.

OPC Annual Filing, Compliances, Due Date & MGT-7A

CS Lalit Rajput 11 September 2021 at 23:00

OPC shall file a copy of the financial statements duly adopted by its member, along with all the documents which are required to be attached to such financial statements, within 180 days from the closure of the FY.

Annual General Meeting and its Matters

Brajesh Kumar 11 September 2021 at 09:44

AGM provides members with an opportunity to collectively discuss the affairs of the company and to exercise their ultimate control over the management of the company.

Procedure For Implementation Of Section 51A Of The Unlawful Activities (Prevention) Act, 1967

FCS Deepak Pratap Singh 11 September 2021 at 09:34

It is necessary to take strict steps to curb the nexus of ML and Terrorism. The government to coup with above has made changes in the Anti Money Laundering Act, 2002 and Unlawful Activities (Prevention) Act, 1967.

Analysis of provisions governing disqualification of director

FCS Deepak Pratap Singh 11 September 2021 at 09:34

The Companies Act, 2013, SEBI (LODR) Regulations, 2015 and other acts have specified some disqualifications on occurring of which a person cannot be appointed as director of a company.

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.

Legal position when cheque issued for payment of premium dishonoured

FCS Deepak Pratap Singh 10 September 2021 at 09:37

Payment of premium is the consideration in the Contract of Insurance and hence without payment of consideration, any contract will not carry on. The premium must be received before the issue of the insurance policy.

Some Facts related to Fast Track Insolvency Process

FCS Deepak Pratap Singh 10 September 2021 at 09:37

The IBC Code, 2016 was introduced in Lok Sabha on 21st December 2015 and passed on 5th May 2016. The upper house of the Parliament passed it on 11th May 2016 and it got the President's assent on 28th May 2016.

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.