LLPs governed by companies act In India, LLPs are governed by the companies Act, 2008, which is also a separate law. While there may be some similarities between the governance of companies and LLPs, such as certain reporting and compliance requirements, the specific legal framework and regulations for LLPs are usually outlined in their… Read More »
LLP is a body corporate Certainly! An LLP is recognized as an independent legal entity and is categorized as a corporate body. This means that an LLP has its own legal existence independent of its partners. One notable characteristic of an LLP is its independent legal existence, which allows it to establish contractual relationships, hold… Read More »
OPC or Sole Proprietorship OPC or sole proprietorship are two different legal business structures, each with its own advantages and considerations. Here’s an overview of each: OPC (One Person Company): OPC is a legal business structure that allows a single individual to establish a company with limited liability. It provides benefits such as separate… Read More »
Internal liabilities Internal liabilities, also known as intra-company liabilities or intercompany liabilities, refer to the debts or obligations that exist between different entities or divisions within the same company or group of companies. These liabilities arise due to financial transactions or arrangements between various internal entities. Internal liabilities can take several forms, including: Intercompany… Read More »
Secretarial Standards Secretarial Standards, Indeed, specific corporations in India are obligate to adhere to secretarial standard, ensuring their compliance with regulatory requirements. The Institute of Company Secretaries of India (ICSI) has issued Secretarial Standard that are applicable to companies based on their size, turnover, and other criteria. Secretarial Standards provide guidelines and rules for the… Read More »
Company Administration Company Administration, A company secretary plays a vital role in ensuring the efficient functioning, compliance, and good governance of a company. Here are some reasons why a company secretary is important: 1. Compliance with Laws and Regulations: One of the primary responsibilities of a is to ensure that the company complies with… Read More »
Compliance with Secretarial Compliance with secretarial standards refers to adhering to the prescribed guidelines and requirements set forth by relevant regulatory bodies or professional organizations that govern the practice of company secretaries. These standards aim to ensure transparency, accountability, and good governance in the secretarial functions and practices of a company. Here are… Read More »
Company Secretary Compliance Company secretary compliance is refers to the adherence of a company secretary to the relevant laws, regulations, and professional standards governing their role and responsibilities. As a key functionary in an organization, a company secretary is entrusted with various compliance-related duties. Here are some aspects of company secretary compliance: 1.Legal and Regulatory… Read More »
Company secretary compliance checklist Company secretary compliance checklist, While the specific compliance requirements may vary based on the jurisdiction and industry, here is a general checklist that can help guide company secretaries in ensuring compliance with their responsibilities: 1.Legal and Regulatory Compliance: (a).Stay updated on relevant laws, regulations, and statutory requirements applicable to the… Read More »
Company secretarial services Company secretarial services in India refer to the range of services provided by professionals, known as company secretaries, to support companies in complying with legal, regulatory, and governance requirements. These services assist companies in fulfilling their obligations and maintaining good corporate governance practices. Here are some common Company secretarial services in India:… Read More »