As per Section 22 of LLP Act, 2008 on the incorporation of a LLP, the persons who subscribed their names to the incorporation document shall become its partners. A person can be admitted as partner in LLP as per the provisions of LLP agreement of the LLP and section 22 of LLP Act, 2008. If […]
Article explains Background for Conversion of Partnership Firm Into LLP, Important Terms under LLP Act, Condition for Conversion of Partnership Firm Into LLP, Key Requirements for Conversion of Partnership Firm Into LLP, Why LLP is better than Partnership Firm, Procedure for Conversion of Partnership Firm into LLP, Effect of Conversion of of Partnership Firm Into […]
PROCESS FOR CONVERSION OF COMPANY INTO LLP Section-56 of LLP Act- 2008, Third Schedule A Private Limited Company may convert into a Limited Liability Partnership in accordance with the provisions of Section 56 and the Third Schedule of LLP Act, 2008. A. Conversion Of Private Limited Company Into LLP: As all of us are aware […]
As per Section 7 of LLP, 2008 every LLP shall have at least Two Designated Partners (DP) who are individual and at least one of them shall be resident in India. Only an Individual can be appointed as Designated Partner. Note: As per LLP Act on Designated partner must be Resident of India. ** In […]
Post incorporation requirements are obligations which LLP are supposed to fulfill subsequent to incorporation. These include filing of annual returns, Financial Statement, change of Partners/Designated Partners, alteration in Contribution, and change of registered office. All LLPs shall be under obligation to maintain annual accounts reflecting true and fair view of its state of affairs. Even […]
Article explains Meaning of Registered Office, When Registered Office of Company Mandatory, Modes of Shifting of Registered Office of Company, Process for Shifting of Registered Office of a Company Within the Local Limit Of City, Town Or Village To Another Place In Within The Limit Of Same City, Town Or Village, Process for Shifting of […]
Revised Process for Incorporation of limited liability partnership (LLP) after considering Limited Liability Partnership (Second Amendment) Rules, 2018 as applicable from the 2nd October, 2018. In this Editorial the author shall deliberate the Provisions of LLP Act, 2008 as on 02nd October, 2018 in respect of Incorporation of Limited Liability Partnership (Including all the Notifications, Circulars). Author […]
Process for Change in NAME of LLP Section-19 of LLP Act- 2008, Rule-20 of LLP Rules-2009 The limited liability partnership may change its name by following the procedure as laid down in the limited liability partnership agreement. Where the limited liability partnership agreement is silent on this matter, consent of all partners shall be required […]
A. Information Required For RUN (Name Approval Form) 1. Proposed Names (Maximum 2 Names) 2. Significant of Proposed Name 3. Object (Proposed Business) of LLP 4. Trademark/ NOC if any to use name. B. Information Required For Preparation of Incorporation Documents I. General Information: 5. Total No. of Designated Partner. 6. Total No. of Partners […]
Process of Alteration In Memorandum of Association (Section 13 of Companies Act, 2013) Date: 10th February, 2020 SHORT SUMMARY: Memorandum of association defines the relation of the company with the rights of the members of the company interest and also establishes the relationship of the company with the members. This section corresponds to sections 17 […]
