Mgt-14 for pvt ltd where llp is subsidiary

Hello Everyone,

As in my previous post i asked about the need of filling aoc-4 cfs for llps as a subsidiaries.

Now the new problem is on the way please help.

As the 3 llps which got registered in 2015 October as a subsidiary of the pvt ltd company. (shares above 60% in all 3 llps)

Now monetary value of obligation of contribution committed is 100000 total but the pvt ltd company didn't paid the single penny or contributed in other word paid up capital from pvt ltd is 0.

as the section 186 says 

No company shall directly or indirectly-
acquire by way of subscripttion, purchase or otherwise, the securities of any
other body corporate, exceeding sixty per cent. of its paid-up share capital, free reserves and securities premium
account or one hundred per cent. of its free reserves and securities premium account, whichever
is more.

So I want to ask that mtg-14 is needed to be filled in this case.. and I also read if the 300days passed and mgt-14 has not filled we may face legal consequences.

Please help in the matter.
 

Replies (1)

It is not required to consolidate accounts of LLP with that of the Company. LLPs can never be cosidered as Subsidiaries for the purpose of Comapnies Act, 2013.

 

With respect to your second query, since a company is investing in to the capital of LLP, Section 186 shall be applicable. You are correct that if the Investment amount is exceeding the limits specified in Section 186, then approval from Shareholders by way of special resolution is required and such special resolution is to be filed alongwith with Form MGT-14.

 

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
08 October 2026
Accounts and Tax Associate

POOJA R TELI & CO

Pune

CA Inter

View Details
Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details