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Introduction
Importance
Steps involved in formation of company (as per Companies Act 2013)
Forms required for company formation & filling procedure
Attachment
Fees
Our company profile
Conclusion
Objectives & Agenda :
To understand the regulations under Foreign Exchange Management Act, 1999, relating to Transfer of Capital Instruments of an Indian Company by or to a Person resident outside India. In this webinar, we shall look at the various circumstances of such transfers and the conditions to be adhered to. We shall also look at the Pricing Guidelines, Mode of Payment and provisions for Opening of Escrow account and Deferred payment of consideration in transfers between Residents and Non-residents.
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This presentation is on forming a company it includes details about following points :-
Introduction
Importance
Steps involved in formation of company (as per Companies Act 2013)
Forms required for company formation & filling procedure
Attachment
Fees
Our company profile
Conclusion
Objectives & Agenda :
To understand the regulations under Foreign Exchange Management Act, 1999, relating to Transfer of Capital Instruments of an Indian Company by or to a Person resident outside India. In this webinar, we shall look at the various circumstances of such transfers and the conditions to be adhered to. We shall also look at the Pricing Guidelines, Mode of Payment and provisions for Opening of Escrow account and Deferred payment of consideration in transfers between Residents and Non-residents.
OBJECTIVE
Goods and Services Tax (GST) is the Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. There are various provisions for non-applicability of GST and exemptions from GST. In this webinar, we shall analyse and understand such provisions.
Objectives & Agenda :
To understand the assessment of partnership firms. To know the conditions to be satisfied to be assessed as a firm. To understand how partnership firms are assessed in various situations. To gain knowledge with regards to the deductions allowed to partnership firms during assessment.To know how to calculate book profit.
OBJECTIVE
“Strike off” or “Removal of name of the company from the Register of Companies” is the process of closing down a company without undergoing the lengthy procedure of liquidation. The provisions of Companies Act, 2013 (the Act) relating to strike off provide an opportunity to the non working companies to get their names struck off from the records of Register of Companies. This system provides fast track exit to such companies. The webinar covers the legal provisions of Sections 248 to 252 of the Act read with the Rules relating to strike off of company along with judicial precedents and statistics.
Company registration services in chennai India for new company registration process and Company Incorporation in chennai with effective quality services."
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Greetings, We from B C Shetty & Co., Chartered Accountants are glad to help you out with the conversion process. The above slide is a small brief-up of what we do.
OBJECTIVE
Goods and Services Tax (GST) is the Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. There are various provisions for non-applicability of GST and exemptions from GST. In this webinar, we shall analyse and understand such provisions.
Objectives & Agenda :
To understand the assessment of partnership firms. To know the conditions to be satisfied to be assessed as a firm. To understand how partnership firms are assessed in various situations. To gain knowledge with regards to the deductions allowed to partnership firms during assessment.To know how to calculate book profit.
OBJECTIVE
“Strike off” or “Removal of name of the company from the Register of Companies” is the process of closing down a company without undergoing the lengthy procedure of liquidation. The provisions of Companies Act, 2013 (the Act) relating to strike off provide an opportunity to the non working companies to get their names struck off from the records of Register of Companies. This system provides fast track exit to such companies. The webinar covers the legal provisions of Sections 248 to 252 of the Act read with the Rules relating to strike off of company along with judicial precedents and statistics.
Company registration services in chennai India for new company registration process and Company Incorporation in chennai with effective quality services."
Conversion of partnership firm in to limited companyAmit Soni
This describes the step by step process for conversion (not take over) of a partnership firm in to Limited company as per the Companies Act, 2013. (The document is created in June 2014)
Greetings, We from B C Shetty & Co., Chartered Accountants are glad to help you out with the conversion process. The above slide is a small brief-up of what we do.
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Procedure for the conversion of partnership firm into llp convertedOnline Chartered
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In India, formation of Business in form of a Company, specifically private company, is most favoured form with respect to other alternatives as available for business like Proprietorship, Society, Firm, LLP etc. Although when considered from the prospective of legal entity and perpetual succession as a feature of form of business after Company, formation of LLP is considered to be apt.
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He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
2. Prerequisites:
1. The firm should be registered as a partnership
2. There should be consent of all the partners.
3. All partners should become partners in the LLP.
4. Every partner should contribute to the LLP.
5. DPIN (Designated Partner Identification Number) should
be acquired for all the Designated Partners.
6. DSC (Digital Signature Certificate) should be acquired
for two designated partners.
3. Partners and Designated
Partners.
– A minimum of two partners will be required
for formation of an LLP. There will not be any
limit to the maximum number of partners.
– Appointment of at least two “Designated
Partners” shall be mandatory for all LLPs.
“Designated Partners” shall also
be accountable for regulatory and legal
compliances, besides their liability as
‘partners, per-se”.
4. Partners & Designated Partners
Contd..
– At least one of the Designated Partners
should be an Indian resident.
– Any individual or body corporate may be a
partner in a LLP. However an individual shall
not be capable of becoming a partner of a
LLP, if—
– He has been found to be of unsound mind by a
Court of competent jurisdiction and the finding is
in force;
– He is an undischarged insolvent; or
– He has applied to be adjudicated as an
insolvent and his application is pending.
5. Contd..
– In case of a LLP in which all the partners are
bodies corporate or in which one or more
partners are individuals and bodies corporate,
at least two individuals who are partners of
such LLP or nominees of such bodies
corporate shall act as designated partners.
6. Steps for conversion -
Step 1 –Acquiring DPIN (Designated Partner
Identification Number)
Step 2 –Application for Name Availability
Step 3 –Documentations required
Step 4 –Registration & acquiring Certification of
Incorporation
7. Step 1 –Acquiring DPIN (Designated Partner
Identification Number)
Every Designated Partner would be required to obtain
a “Designated Partner’s Identification
Number” (DPIN) on the lines similar to “Director’s
Identification Number” (DIN) required in case of directors
of companies.
– Making an application for DPIN.
– Receipt of provisional DPIN.
– Certification/attestation of Director’s personal
details.
– Certification to be sent to MCA cell for
approval.
8. Step 2 –Application for Name Availability
Every limited liability partnership shall
have either the words “limited liability
partnership” or the acronym “LLP” as
the last words of its name. Application
for name availability is made in Form 1.
9. Step 3 –Documentations required
– An LLP agreement should be made.
– Form 17 –an application for the conversion
has to be made.
– Form 2 –Statement by promoter.
– Form 3 –Contains information on LLP
agreement.
– Form 4 & 9 –Notice of consent and Details of
Designated Partners.
– A Subscription Sheet signed by promoters.
– A copy of stamped LLP Agreement.
– Proof of address of registered office.
10. Following documents have to be attached
under Form 17.
Statements of partners.
Statement of Assets & Liabilities certified by
Charted Accountant.
List of unsecured creditors along with their consent
of conversion.
11. Step 4 –Registration & acquiring Certification of
Incorporation
– LLPs shall be registered with the Registrar of
Companies (ROC) (appointed under the Companies
Act, 1956) after following the provisions specified in
the LLP Act. Every LLP shall have a registered
office.
– An Incorporation Document subscribed by at
least two partners shall have to be filed with the
Registrar in a prescribed form. Contents of LLP
Agreement, as may be prescribed, shall also be
required to be filed with Registrar, online.
– Payment of required fees.
– All the documents have to be submitted with the ROC
(Registrar of Companies).
– The changes prescribed by Roc have to be made in
the LLP Agreement and other documentations.