As of now the LLP Services have been discontinued on V2 portal and have been migrated to Version 3 (V3) portal.
V3 is an enhanced version of the V2 portal and is presently live only for LLP’s. The V3 portal presently enables the following for LLP’s.
-Login & user Registration
DSC Association
-LLP Form Filing
LLP forms have been migrated to V3 while Company forms are still in the Version 2 of the portal. This phased migration is done to …
LLP is one of the easiest types of business to incorporate and manage in India. With an easy incorporation process and simple compliance formalities, LLPs are preferred by Professionals, Micro and Small businesses that are family-owned or closely-held. Since, LLPs are not capable of issuing equity shares therefore, LLP should not be chosen for any business that has plans for raising equity funds.
Post changes to FDI regulations on 10th, November 2015, 100% FDI in LLP is permitted under the …
Pursuant to Sec 56 of LLP Act along-with schedule 3 deal with conversion of Private Limited to LLP
PRE-REQUISITIES:
> Every member of the company must agree with the decision of conversion.
> All the members become the partners of an LLP and no one else.
> The latest copy of Income tax return is to be filed with ROC.
> Not just the members, all the creditors of the company must also agree with the conversion.
> Under Companies …
In India a Non-Profit Organization can be registered in three ways particularly:-
> Trust: By executing Trust Deed and get it registered with the Registrar of Trust,
> Society: with Registrar of Societies
> Section 8 Company: By executed MOA and AOA and get it registered pursuant to Companies Act, 2013.
| S. NO. | PARTICULARS | TRUST | SOCIETY | SECTION 8 COMPANY |
| 1. | Management | By Trustees | By a Committee or the Managing Council | By Board of Directors |
| 2. | Minimum Requirement |
Filing of charge gives security and empower the charge holder that in case the Company makes a default for the repayment of the loan, then charge holder can get the claim amount from the security which was charged by the Company in favor of the charge holder.
Filing of Charge is necessary to secure the lender as well as to secure the third party, that, as and when any third party dealing with the same property it must be aware …
One Person Company
SECTION 2(62): ‘One Person Company’ means a company which has only one person as a member.
Who Can Be Member Of OPC?
Rule 3 of Company Incorporation Rules, 2014
Only a natural person who is an Indian citizen [whether resident in India or otherwise].
Points Which Must Be Kept In Mind While Registering OPC.
1. Such Company cannot be Incorporated or converted into a Section 8 Company.
2. An OPC cannot carry out NBFC related activities and …