In a broader sense, LLP is a blend of the corporate body and partnership structure where the one partner is not liable to the action taken by the other. Moreover, Limited Liability Partnership (LLP) can participate in a contract and the rights and duties of the partners are governed through a legal entity. GST Registration … Read more
Due to the Covid-19, the central government has issued the notification wherein relaxation was provided to Companies and LLPs in the filing of forms without payment of any additional fees where it has been due for filing for a specified period, the Ministry has issued a clarification listing out the forms covered under such relaxation. … Read more
Due to the Covid -19 pandemic, the Ministry of Corporate Affairs has issued 3 Circulars on May 03, 2021, to provide Relaxation Compliance under Companies Act, 2013 in respect of ROC Form Filings and Holding of Board Meetings. In this article, we will discuss MCA Relaxation amid CoVID-19 announced on 03rd May 2021. MCA Relaxation … Read more
The ministry of corporate affairs (MCA) has modified various rules under the companies law pertaining to audits, auditors, and accounts. In this article, we will discuss on Amendment made by MCA. Amendment made by MCA The ministry of corporate affairs (MCA) has revised various rules under the companies law related to audits, auditors, and accounts. … Read more
The Ministry of Corporate Affairs on February 19, 2021, has announced the notification on Companies Specification of definitions details Second Amendment Rules, 2021 to further revise the Companies (Specification of definitions details) Rules, 2014. In this article, we will discuss the Companies Specification and Definitions details. Companies Specification and Definitions details The Ministry of Corporate … Read more
The Ministry of Corporate Affairs has issued the Companies (Incorporation) Third Amendment Rules, 2020 which shall come into force on the date of their publication in the official Gazette i.e 24-12-2020. In this article we will discuss Company Name Reservation can be Extended more than20 days Company Name Reservation can be extended in 2020 Through … Read more
As we all know Private Limited Company and the Limited Liability Partnership are two separate business structures governed by two different acts namely the Companies Act 2013 and Limited Liability Partnership Act 2008 individually. Both entities i.e. LLP and Private Limited Company grant many similar features needed to run a small to large-sized business, while … Read more
The Lok Sabha has passed the Companies (Amendment) Bill that seeks to decriminalise specific offences under the Companies Act, 2013, in case of defaults but not involving frauds. Let’s Understand in Detail – The Companies (Amendment) Bill, 2020 The Companies (Amendment) Bill, 2020, was passed by Lok Sabha where Around 48 sections of the Companies … Read more
As we know India is a major producer and exporter of Spices. Also, it is recognized as a profitable business in India. Any individual can start a spice business as a small, medium, and large scale base as per his or her investment capacity. Spice powder is a necessary ingredient in cooking, none of the … Read more
In view of the COVID-19 outbreak, the Government has granted companies an additional 180 days to file the Declaration of CoB in the Form INC-20A. Time-limit to file Declaration of CoB Raised As per the Companies Act 2013, every newly incorporated company is required to file a declaration of commencement of business (CoB) in … Read more