Month: April 2020

Limited Liability Partnership- Background Limited Liability Partnership (LLP) entities are world wide recognized form of Business Organization. LLP’s in India are regulated by the Limited Liability Partnership Act, 2008 along with LLP Rules, 2009 as amended from time to time. LLP combines the advantages of both the Company and Partnership into a single form of …

Who can be a Partner/Designated Partner in a Limited Liability Partnership Read More »

The Ministry of Corporate Affairs (MCA), has introduced the “Companies Fresh Start Scheme, 2020 (CFSS-2020)” to provide an opportunity to Companies to make good any filing related defaults and make a fresh start as a fully compliant entity. COMPANIES FRESH START SCHEME, 2020 (CFSS-2020): The salient features of the scheme are as follows: Applicability This …

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A: Background: As part of Government of India’s Ease of Doing Business (EODB) initiatives, the Ministry of Corporate Affairs has notified & deployed a new Web form christened ‘SPICe+’ (Simplified Proforma for Incorporating Company Electronically Plus) (pronounced ‘SPICe Plus’) replacing the existing SPICe form. The Ministry of Corporate Affairs has in exercise of the powers …

Procedure for Incorporation of a Company post the launch of Spice+ and Agile-Pro Read More »

Interim Dividend as per Companies Act, 2013 Dividend: 1. The word dividend is derived from the Latin world “DIVIDENDUM”. 2. Dividend means- i) In accounting terms – the profit distributed to shareholders. ii) In financial terms – the return on investments. 3. Dividend is generally paid on two types of instruments viz. i) Preference shares …

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