Company Law : This clarifies the eligibility for direct conversion into an LLP. The takeaway is that compliance with the LLP Act and Rules enabl...
Corporate Law : Explains the key differences between proprietorships, partnerships, LLPs, and private companies, highlighting liability, complianc...
Company Law : Understand key differences between LLPs and Private Companies in India to choose the structure that fits your business goals, fund...
Finance : Compare LLP and Pvt Ltd in terms of taxation, compliance, auditing, and ownership. Understand key differences to choose the right ...
Company Law : Learn about the process & provisions for incorporating a subsidiary company in India, including necessary documents, regulations, ...
SEBI : Capital market regulator, SEBI today said both public and private sector companies will have to increase public shareholding to a ...
Company Law : The Ministry of Corporate Affairs (MCA) has decided to relax the norms for companies to maintain minimum paid-up capital. Accordin...
Company Law : Himachal Pradesh High Court held that stamp duty/ registration fee not leviable on conversion of public limited company to private...
Income Tax : 15. In so far as the assessee's contention that as the remuneration paid to the directors were increased in a properly called meet...
Company Law : Exemptions to Government Companies under section 462 of the Companies Act 2013 vide notification dated 02.03.2020. GOVERNMENT OF I...
Exemptions to Government Companies under section 462 of the Companies Act 2013 vide notification dated 02.03.2020. GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 02 March, 2020 G.S.R. 151(E). – In exercise of the powers conferred by clauses (a) and (b) of sub‑section (1) and in pursuance of sub-section (2) of section […]
The LLP is one the popular mode of doing the business in India. The LLP Act has provided to convert a private limited company to LLP. The Income tax Act 1961 also has been amended by inserting the provisions related to such conversion. When there is transfer, from one person to another person, the transferor […]
Introduction:- Operating a LLP form of business organization can be a hurdle as other form of business organizations offers better opportunities for the growth & expansion of the business. Therefore, the amazing benefits offered by the other organizational structures will attract the shareholders. Thus, that would lead to the conversion of LLP into Private Limited […]
Bangladesh, a neighbouring country to India and a member of South Asian Association for Regional Co-operation (SAARC) adopts an ‘Open Door Policy’ to attract the foreign investors particularly through industrialization. The Bangladesh Export Processing Zone Authority popularly known as BEPZA is the administrative authority facilitates foreign investments in the EPZs. EXPORT PROCESSING ZONES At present, […]
A Private Company desires to convert its status to LLP Form shall foremost decide the designated Partners of the proposed LLP, as only the members can be the Partners of the converted LLP and of these members of the company at least two Partners would be the Designated Partners.. In case of Body Corporate who […]
Comparative Analysis between a Private Limited Company, One Person Company and Limited Liability Partnership S.No Particulars Private Limited Company One Person Company (OPC) Limited Liability Partnership(LLP) 1. Minimum Number of Directors and Shareholders Members/Shareholders – 2 Directors – 2 Note: Directors and members may or may not be same. Only a natural person can […]
In this article I will be discussing three forms of business in India and comparison of the same with each other so that those who are deciding to start a new business can compare the same with each other. These three types are as follows :- Limited Liability Partnership (LLP) , Private Limited Company, One Person Company (OPC)
PROCESS OF CONVERSION OF COMPANY INTO LLP A Private Company may convert into LLP in accordance with the procedure prescribed in the Third Schedule. Process as given below:
Limited Liability Partnerships (LLPs) are commercial vehicles which combine the features of partnership and company form of business .The concept of Limited Liability Partnership (LLP) has been introduced in India by way of Limited Liability Partnership Act, 2008 (notified on 31st March 2008).
Selection of name for the proposed company: The Promoters have to provide at least 6 names in the order of their preference/priority. The promoters can themselves search for the available names by visiting the MCA website.
