According to section 2(1)(o) of the LLP Act, 2008, LLP Agreements mean any written agreement between the partners of the Limited Liability Partnership or between the Limited Liability Partnership and its partners which determines mutual rights and duties of the partners and their rights and duties in relation to that limited liability partnership. It is […]
Author Archives: Jinu Jain
LLP is a corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine and operate in flexible, innovative and efficient manner, providing benefits of limited liability while allowing its members the flexibility for organizing their internal structure as a partnership. The Limited Liability Partnership Act, 2008(LLP Act) does not provide an exhaustive definition. […]
Q 1. Do company can raise fund by accepting Loan from LLP without falling under Deposits? If not what alternative can a company do to raise funds? Ans. According to section 2(31) of Companies Act, 2013, a company accepting loan from LLP (Limited Liability Partnership) would be considered as Deposit. However, Company can accept money […]
What is an Ordinary Resolution? As per the provisions of Section 114 (1) of the Companies Act, 2013-A resolution shall be an ordinary resolution if the notice required under this Act has been duly given and it is required to be passed by the votes cast, whether on a show of hands, or electronically or […]
Section 460 of the Companies Act, 2013 provides for condonation of delay of application or document to be filed by a company. As per section 460(a) , where any application is required to be made to the Central Government under any provision of the Act, and if it is not filed within the time prescribed, […]