Doubts regarding llp incorporation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 August 2012
1. What is the difference between Partner and Designated Partner? Can all the partners become designated partner
2. What is the minimum requirement of capital contribution to be made in case of LLP
3. What is meant by Form of Contribution. Can the partner contribute other than by the way of monetary contribution
4.I belive that the concept of DPIN is removed and that the DPIN and DIN are the same. Plz confirm
5. If partners of an existing REGISTERED partnership firm(ARG Consultants) are desirous of forming an LLP with the same partnership name (ARG Consultants LLP). Can they do so.
2. What is the minimum requirement of capital contribution to be made in case of LLP
3. What is meant by Form of Contribution. Can the partner contribute other than by the way of monetary contribution
4.I belive that the concept of DPIN is removed and that the DPIN and DIN are the same. Plz confirm
5. If partners of an existing REGISTERED partnership firm(ARG Consultants) are desirous of forming an LLP with the same partnership name (ARG Consultants LLP). Can they do so.
27 August 2012
1. Appointment of Designated Partner (DP) is mandatory in every LLP. The DP is responsible for all statutory compliances on the part of LLP including filing of e- returns.
2. There is no such requirement, every thing is left to the discretion of partners.
3. Yes, contribution can be tangible or intangible, i.e. cash and other than cash such as an asset.
4. Yes the MCA and LLP are now integrated and DIN holds good for filing e-forms for LLP.
5. I don't think it is possible with the same partners.
2. There is no such requirement, every thing is left to the discretion of partners.
3. Yes, contribution can be tangible or intangible, i.e. cash and other than cash such as an asset.
4. Yes the MCA and LLP are now integrated and DIN holds good for filing e-forms for LLP.
5. I don't think it is possible with the same partners.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Nursery business
- GST input credit on commercial property
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Advances to related party
- Section 269ST applicability for capital introduced by partner to his partnership firm
- ETDS return q4 25-26
- Capital Gains Tax on Inherited Mutual Fund
- IMS (import of goods) ITC related
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
