A limited liability partnership (LLP) is a corporate business form blending attributes of both company and traditional partnership firms. It offers the benefits of limited liability to the partners. The concept of LLP was emerged and took place in statutes in 2008 while the idea of a private company is much older. LLPs offer several …
Companies in the corporate world must comply with various requirements laid down by the Companies Act, 2013. One of them includes annual Roc filling, which includes filling of MGT-7 & AOC-4, which must be filed annually; these are called annual filling regarding the Companies Act, which the company has to do at the end of …
MCA has revised Schedule III of Companies Act 2013 to increase strictness in compliances and add several additional disclosures in Financial Statement. The main purpose behind these amendments is more clarity. Financial statement of the company The Ministry of Corporate Affairs (MCA) vides notification dated 24 Mar 2021 has revised Schedule III to the Companies …
Oppression is the exercising of authority or power in burdensome or inhuman imposing of burdens one cannot endure or exact more than one can perform. Mismanagement refers to the process or practice of managing poorly, artlessly, or unskillfully. Circumstances that can be regarded as mismanagement: Preventing directors from functioning Violation of statutory provisions Violation of MOA and …