Converting a partnership firm into a Limited Liability Partnership (LLP) provides several benefits such as: Limited Liability Protection: LLP protects personal assets from business risks, unlike partnership firm where partners have unlimited liability. Separate Legal Entity: An LLP operates independently, ensuring continuity even if partners change. Perpetual Succession:...
Read MoreFunding is most crucial resource for an organization to thrive and grow. With the advent of Companies Act 2013 effective 1st April 2014, new concept of raising capital came into play- rights issue vs private placement. In simple terms Rights issue is when share capital is raised from the...
Read MoreThe buyback of shares is a corporate financial strategy where a company repurchases its own shares from existing shareholders. This process reduces the number of outstanding shares, thereby increasing the ownership stake of remaining shareholders. Companies may undertake a buyback for various reasons, including returning surplus cash to shareholders,...
Read MoreThe Offer of securities in demat mode refers to the issuance or sale of securities in electronic or dematerialized form. Dematerialization involves converting physical certificates of securities into electronic form, which can then be held and traded electronically through a depository system. Regulatory authorities in many countries, including India,...
Read MoreShare capital in a company limited by shares can be classified in two buckets- equity and preference capital. Equity shares can be with voting rights or with differential rights with respect to voting, dividend or any other criteria. To know more about differential right shares please refer to...
Read MoreAPPLICABLE PROVISIONS Section 169 and 115 of the Act ESTIMATED TIMELINES 30-35 days TYPE OF MEETINGS Board meeting and General meeting FORMS TO BE FILED DIR-12 PENALTY FOR NON-COMPLIANCE Any non-compliance with respect to above provisions shall be punishable with fine...
Read MoreI. Under Companies Act, 2013 Part A: Convert Section 8 Company to Private or Public Company As per the Companies Act, if a Section 8 company intends to cease its operations, it is mandated to undergo a conversion process to a private or public company before initiating the closure....
Read MoreMCA has introduced a new mandate for all limited liability partnerships (LLPs) outlined briefly as follow: RULE AMENDMENTS TIMELINE TO COMPLY 22A Register of Partner · In Form 4A, register of Partners need to be maintained by LLP at their registered office. · It must contain details of...
Read MoreMajor revamp of Companies Act enhancing accountability of ultimate beneficial interest in shares and significant move towards digitization making the demat of shares mandatory even for private companies. Akansha Rathi and Associates (ARACS), Company Secretary Firm in Navi Mumbai is engaged into compliance related services. We have a team...
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