This article covers the Mandatory Compliances to be followed by a LLP under Registrar of Companies, Ministry of Corporate Affairs, mentioned under LLP Act, 2008 and Income Tax Act, 1961 including Tax audit provisions. Some key points are also given regarding LLP ♦ Definition(s) Define Limited Liability Partnership (LLP) u/s 2(n) of LLP Act 2008: […]
Reserve Bank of India (RBI) vide circular no. RBI/2018-2019/109 A.P. (DIR Series) Circular No. 17 dated 16th January, 2019 has issued External Commercial Borrowings (ECB) Policy – New ECB Framework. Under the said policy, AD Category-I banks are permitted to allow Startups to raise ECB under the automatic route as per the following framework:- 1. Eligibility Criteria: An entity recognized […]
Background: PF is the retirement saving scheme available to all the salaried employees, is backed by the government on which fixed interest is paid. The employee provident fund is administered by the Employees Provident Fund Organization (EPFO), a statutory body developed by the government of India under the Ministry of Labor and Employment. It is formed to administer the mandatory […]
ACTION TO BE TAKEN AGAINST LISTED COMPANIES IN CASE OF NON-COMPLIANCES: The recognized stock exchanges shall take action for non-compliance with the provisions of the Listing Regulations by a listed entity as under:
Abridged Form of Directors Report For OPC And Small Companies Along-with Draft Notice of Annual General Meeting) {As per Provisions of Companies Act, 2013}
Registration under ESIC: Shops or Establishments that have 10 or more employees, drawing the wages of up to (not exceeded) Rs.21,000 /- a month are required to be registered in FORM 01 within 15 days after the act becomes applicable to a unit or establishment for ESIC under the ESI Act 1948.
Draft Agenda of First Audit Committee & Board committee Meeting for every Financial Year including Directors Disclosures Draft AGENDA (For Audit Meeting) Agenda for the 1st Meeting for FY 201…………….. of Audit Committee of ……………………………….. (name of the co.) Limited to be held on ………….(day), …….thday of……..(month) ….(year) at ………am/pm at ……………..(venue of meeting) , […]
Draft Notice of First Annual General Meeting & Director’s Report – As per Provisions of Companies Act, 2013 – (For the Private Companies (Other than Small Companies & OPC)
Applicability of Law(s): Chapter XXI, Part A Section 366 to 374 of Companies Act 2013 The Companies (Authorized to Registered) Rules, 2014. Mode(s) / Method(s) of Conversion: Form a New Company as per prescribed under Companies Act 2013 with Conversion form. Prepare Execution deed to transfer the business together with all the assets and liabilities. […]
As per Section 4 of The Partnership Act, 1932: Partnership is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all.
