Annual Filings of LLP
Introduction: In 2008, India adopted the concept of Limited Liability Partnerships (LLP). An LLP combines the qualities of a partnership and a corporation. An LLP is governed by the Limited Liability Partnership Act, 2008. For…
Relaxation in Due Dates under Companies Act, 2013 and LLP Act, 2008
Ministry of Corporate Affairs (MCA) has issued General Circulars on May 03, 2021 to provide relaxation due to resurgence of COVID-19 pandemic, under Companies Act, 2013 and LLP Act, 2008.
MOA Main Object Clauses for Different Companies
The Main Object Clause of the Memorandum of Association defines the purpose of the Company. Hence drafting of this clause is very crucial and should be done with precision and expertise. The Company cannot carry…
MCA Update – Producer Companies (General Reserve) Rules, 2003
MCA has notified the Producer Companies (General Reserve) Rules, 2003. These rules shall apply to a Producer Company as referred in clause (l) of section 378A. These rules shall come into force from February 11,…
Budget 2021 – Key Highlights
While, Union Budget 2021 is mainly focusing on bringing the economy back to shape after the pandemic, it also covers several proposals including exemption to senior citizens from filing income tax returns, new rules for…
Joint Venture – Types, Salient Features and Challenges
Meaning of Joint Venture Joint Venture is a contractual relationship between two or more parties agreed to acquire their resources for the successful completion of a specific tasks. All the concerned parties are responsible for…