APPOINTMENT OF DESIGNATED PARTNERS IN LLP

APPOINTMENT OF DESIGNATED PARTNERS IN LLP

Every Limited Liability Partnership (LLP) has to appoint minimum 2 (two) partners who shall act as Designated partners of such LLP. The partners could be body corporate as well as individuals. But the designated partners can only be individuals and out of which one...
LIMITED LIABILITY PARTNERSHIP (LLP)

LIMITED LIABILITY PARTNERSHIP (LLP)

WHAT IS LIMITED LIABILITY PARTNERSHIP (LLP)? Limited Liability Partnership, popularly known as LLP is an alternative business vehicle to carry out business which combines the characteristics of a private company and a conventional partnership. Formation of Limited...
Board Meetings of Companies

Board Meetings of Companies

NUMBER OF BOARD MEETINGS The first Board Meeting shall be held within: 30 days of date of incorporation of the Company As regards subsequent meetings: There should be atleast 4 Board Meeting in every Calendar year. However, there is no such necessity to hold the Board...
NIDHI COMPANY

NIDHI COMPANY

Introduction The core business of Nidhi companies is, to borrow and lend money among their members only. In this way, such companies, refine a habit of small savings targeted at the lower & middle-class people. They are known under different names such as Nidhi,...
TAX REFUND UNDER GST

TAX REFUND UNDER GST

Meaning and Eligibility: A tax refund refers to any amount that is due or refundable to the tax payer by the tax department. The refund under GST can be claimed under the following: Excess payment of taxes, Unutilized input tax credit on account of output supplies...