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
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