Llp partners
This query is : Open
09 June 2015
Dear Professionals
I want to know that can a Company registered under section 8 of Companies Act'2013 (Previously Sec.25 of CA 1956) become a partner in LLP ??
Please reply and exchange your views and knowledge.
Regards
Ravi Shankar Sharma
I want to know that can a Company registered under section 8 of Companies Act'2013 (Previously Sec.25 of CA 1956) become a partner in LLP ??
Please reply and exchange your views and knowledge.
Regards
Ravi Shankar Sharma
09 June 2015
https://taxguru.in/company-law/incorporation-process-nonprofit-making-company-section-8.html
09 June 2015
As per Sec 5 of the LLP Act 2008 any individual or BODY CORPORATE can became a partner in LLP. Body corporate includes Sec 8 companies under companies act 2013.
Also refer General Circular No. 37/ 2014 dated October 14, 2014 recently issued by Ministry of Corporate Affairs (MCA) clarifying trust can be a partner in LLP.
Also refer General Circular No. 37/ 2014 dated October 14, 2014 recently issued by Ministry of Corporate Affairs (MCA) clarifying trust can be a partner in LLP.
10 June 2015
The General Circular refers to only those Trust & Section 8 Companies representing Real Estates or Infrasructure or any other trust as prescribed by SEBI under SEBi regulations, however i want to know this that is there any other Circular or Clarification by Statutory Authorities regarding the meaning of Body Corporate?? As I Called in MCA Help Line one of the Individual Said in His/Her opinion it shouldn't be done as Sec 8 Companies are non Profit Seeking organisation shall not be a partner in an such organisation which has Profit making Interest.
Please CLarify me as this is very much confusing me.
Please CLarify me as this is very much confusing me.
11 June 2015
Please reply
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
- Itr 1 processing
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 1: Details for showing Exempt Income
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
