Partners remuneration Yes, partners of a Limited Liability Partnership (LLP) can receive a salary or remuneration from the LLP, subject to the terms and conditions specified in the LLP agreement. The LLP Act, 2008 does not prohibit partners from receiving a salary. Limited Liability Partnerships (LLPs) have become increasingly popular as a business… Read More »
CA valuation certificate A CA valuation certificate refers to a valuation report or certificate issued by a Chartered Accountant (CA) regarding the valuation of assets or businesses. Chartered Accountants who specialize in valuation services assess the value of assets, businesses, or other financial instruments and provide their professional opinion in the form of a… Read More »
Private limited company formation Private limited company formation,A company becomes a private limited company upon fulfilling certain legal requirements and obtaining the necessary approvals from the regulatory authorities. The key steps for a company to become a private limited company are as follows: Incorporation: The company must go through the process of incorporation, which… Read More »
What are dividends Dividends refer to the portion of a company’s profits that are distributed to its shareholders as payments. They are usually paid out in cash or additional shares of stock. Shareholders receive it based on the number of shares they own in the company. These are a way for companies to share their… Read More »
What is company limited by shares A company limited by shares is a type of company structure in which the shareholders’ liability has limited to the amount of money they have invested in the company. This means that the shareholders are not personally liable for any debts or liabilities incurred by the company beyond their… Read More »