Contribution, partners’ contribution.

Initial contribution. Contribution, the LLP shall maintain the capital contribution separate account for each Partner. The LLP capital shall be Rs__________ which shall be contributed in the proportion detailed mentioned in Schedule 5. Each partner contribution’s to, or withdrawal form, the LLP shall be credited respectively to or to the debited capital account of Partner’s or the recent account as may be the case. Contribution […]

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Directors, meetings of board and its powers.

[Companies (Board meetings and its Powers) Rules, 2014] DIRECTORS, MEETINGS OF BOARDS [section 173] DIRECTORS, MEETINGS OF BOARD THROUGH VIDEO CONFERENCING OR OTHER AUDIO VISUAL MEANS [RULE 3] “Video conferencing or other audio visual means ” means audio visual electronic communication facility employed facility which enables all the persons participating to communicate in a meeting concurrently with each other without an intermediary and to participate […]

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Scrutinizer, matter in which the meeting chairman shall get the poll scrutinized process and thereon report.

Scrutinizer provided shall ensure the meeting chairman with the registrar of members, specimen of signature of the members Proxies register and attendance register. The scrutinizers are given with the register of members, the members specimen signatures, registrar of proxies and the attendance register. The scrutinizers shall arrange for papers polling and the members to distribute them and present proxies at the meeting present; in joint […]

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Disclaimer of onerous property in an LLP.

 Disclaimer of onerous property in an LLP case which is being wound-up. 1, where any LLP property which is being wound up consists of a, Any tenure land, burdened with onerous covenants. b, Companies registration stock or shares. c, Any other property which is unsaleable or is not sale able readily, by reasons of it’s the process or binding thereof either to any onerous performance or […]

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