Partners Any individual or body corporate may be a partner in a limited liability partnership: Provided that an individual shall not be capable of becoming a partner of a limited liability partnership, if (a) he has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force; (b) he is an undischarged insolvent; or (c) he […]
Non-applicability of the Indian Partnership Act, 1932 Save as otherwise provided, the provisions of the Indian Partnership Act, 1932 (9 of 1932) shall not apply to a limited liability partnership. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing
Limited liability partnership to be body corporate (1) A limited liability partnership is a body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners. (2) A limited liability partnership shall have perpetual succession. (3) Any change in the partners of a limited liability partnership shall not affect the existence, rights or liabilities of the limited
India has a number of business organisations, which includes approximately 18 different types of companies. These range from sole proprietorships to limited liability partnerships, public companies and also private corporations. But due to the increasing economic growth in the country. In our country, various forms of business organizations are observed, such as sole proprietorship, limited
Definitions (1) In this Act, unless the context otherwise requires, (a) address, in relation to a partner of a limited liability partnership, means (i) if an individual, his usual residential address; and (ii) if a body corporate, the address of its registered office; (b) advocate means an advocate as defined in clause (a) of sub-section (1) of section 2
Short title, extent and commencement (1) This Act may be called the Limited Liability Partnership Act, 2008 . (2) It extends to the whole of India. (3) It shall come into force on such *[date] as the Central Government may, by notification in the Official Gazette, appoint: Provided that different dates may be appointed for different provisions of
Businesses use many capital goods on which input tax credit is available.The registered person who is involved in the export of goods or services or taxable supply or both can utilize qualified ITC on goods or services or both used in the development of the business. ITC can be utilized on inputs, input services, and
Universal Account Number (UAN) is important for EPF account holders as the entire process related to the Employee Provident Fund (EPF) services are now operated online. Accessing your PF account services like withdrawal, checking EPF balance without the help of an employer, and PF loan application is easy due to the EPFO portal The Employee
The organisation’s objectives, activities, and associations with investors and the rest of the world are completely spread out in this central report. However, the initial MOA may need to be modified to accommodate new strategies, expansions, or regulatory changes due to the constantly shifting business environment. Memorandum of Article is a vital document for the
The lifecycle of a company begins with its incorporation and ends with its winding up. Winding up, under the Companies Act, 2013, signifies the formal closure of a company’s operations and the liquidation of its assets. While incorporation breathes life into a legal entity, winding up is the process by which that legal existence is
B K Goyal & Co LLP
Chartered Accountants
support@cabkgoyal.com
9971782649
Ph: 9971782649
E: support@cabkgoyal.com
