Every LLP shall have its name and address and also its registration number, and That it is registered with limited liability. Contravention of the above requirement is punishable with fine of Rs.2000 and up to Rs. 25000. Partners and designated partners, LLP agreement designated partners Every LLP shall have at least two designated partners, who …
Remuneration to non executive directors
Non -Executive Directors are those on the board of a company and he/she also an managing director and whole-time director or a director employed in his professional capacity. These non-executive directors normally receive sitting fees for every meeting of the board and committee attended by them. Provision in the articles of association The article shall …
Investigation on working of the company
It was explained already that the central government, on its own or on the recommendation of the tribunal (for the time being the company law board till the tribunal is established). It shall appoint one or more inspectors to investigate the affairs of the company which may be in response to the report of the …
Appointment of a private company as sole selling agent
A solicitor was a director of a public limited company for which he was a solicitor. The solicitor was also interested in a private limited company of the same group which was appointed as the sole selling agent of the public limited company. It was held that the vote of the interested director in the …