Basis Audit Committee Nomination and Remuneration Committee Stakeholders Relationship Committees Committees Provisions according to Companies Act, 2013 read with Rule 6 of the Companies (Meetings of Board and its Powers) Rules, 2014. Section Section 177 Section 178 Section 178 Purpose Oversight the financial reporting and disclosures and aims to enhance the confidence in […]
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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 […]
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, […]
Eligibility Criteria for Startup Recognition by DPIIT: The Startup should be incorporated as a private limited company or a limited liability partnership; Turnover should be less than INR 100 Crores in any of the previous financial years; An entity shall be considered as a startup up to 10 years from the date of its incorporation, […]