Company

Extent of Liability of Limited Liability Partnership.

Extent of Liability of Limited Liability Partnership. A Limited Liability Partnership is not bound by anything  done by a partner in dealing with a person if; a, the partner has no authority in fact for the limited liability partnership  in doing a particular act and b, the person knows that …

Company

Power of Central Government to amend schedules

Section 467: Power of Central Government to amend Schedules. The subject of this provisions of Act, the Central Government may alter any of the regulations, rules, by notification, forms, Tables and other provisions contained any schedules of this Act. Any notified alteration under sub-section (1) shall have effect as if …

LLP

Maintenance of accounts and preparation of annual accounts

The books of account shall contain : Particulars of money received and spent and the matters relating thereto. Liabilities of the LLP and record of the assets . Preparation of Annual Accounts Every LLP shall prepare a statement of account and solvency as on the last day of every financial …

LLP

Conversion from unlisted public company into LLP

The conversion from unlisted public company into limited liability partnership (LLP) have the following steps: In conversion of unlisted public company into LLP a “Company” indicates an unlisted public company and “Convert” means in association to a company converting into a limited liability partnership (LLP). The “listed company” represent that …