Conversion of Proprietorship to Limited Company
A proprietorship cannot be converted directly into a limited company. The only solution is to incorporate a new company with a specific object clause, listing the particulars for a takeover of the existing proprietorship business.
- Date 29-Jan-2018
Registers and Records by Company
A company registered under the Companies Act has to maintain certain prescribed registers and records. Non-compliance of record-keeping invites penal action against the company and its directors.
- Date 29-Jan-2018
Contents of an LLP Agreement
Contents of an LLP agreement. A well structured and drafted LLP agreement is very much required for the successful functioning of an LLP. The LLP agreement must address all corporate structure related issues in the LLP agreement.
- Date 29-Jan-2018
LLP Agreement and Tax Planning
As per the Income Tax law, an LLP is considered to be a 'firm'; therefore, tax provisions applicable to a firm are also applied to LLPs, provided the following criteria are satisfied:
- Date 30-Jan-2018
Types of LLP Agreements
Many people believe that one set of LLP agreements suit all combinations of the LLP. This is wrong; an LLP agreement shall be selected based on the requirements of each case.
- Date 30-Jan-2018