Tag Archives: #CorporateResponsibilities

Are LLPs governed by companies act?

LLPs governed by companies act   Limited Liability Partnerships (LLPs) are a popular business structure that combines features of both partnerships and corporations, offering the benefits of limited liability and operational flexibility. In India, LLPs are primarily governed by the Limited Liability Partnership Act, 2008, but they are also subject to certain provisions of the… Read More »

LLP is a body corporate ?

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     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 legal identity and limited liability protection, meaning the personal assets of the owner are generally protected… Read More »

Are secretarial standards mandatory?

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 »

Why company secretary is important?

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 standards?

  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?

  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 Compliance The is responsible for ensuring the company’s compliance with applicable laws, regulations, and statutory requirements. This includes monitoring changes in legislation, maintaining an up-to-date understanding of… Read More »

Company secretarial services in India ?

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 »