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Showing posts from March, 2017

Section 8 company converts into any other kind of a company

1.For converting a Section 8 company into any other type of company. Firstly, you will have to seek the approval of shareholders for the conversion.
2.Hold a meeting of the board by complying with the requirements of section 173 of the 2013 act. The provision of sect ion 173 of the 2013 act are applicable to a Section 8 company.Only to the extent that board should hold at least one meeting  in every six months. The provisions of SS-1 is relating to board meetings. It shall not apply to a Section 8 company. Convene an EGM by issuing a notice and comply with the provisions of section 100 of the 2013 act. 3.Draw up the explanatory statement as per section 102(2) of the 2013 act for the special resolution to be passed stating. The reasons for the conversion in detail including the following particulars. (i) Registration date of the company. (ii) Principal objects of the company as set out in the MOA. (iii) The reasons as to why the activities for achieving the objectives of the company…

Do you wish to convert a firm into a Limited Liability Partnership

(1) Note that under Section 55 of the LLP Act, 2008 convert firm into an LLP with the provisions of the Second Schedule of the said Act.
(2) The second schedule of the said act convert firm into an LLP. If the partners of the LLP into which the firm is to be converted to involve the entire partners of the firm.
(3) Decide about the designated partners among the partners of the firm who shall beat least 2 in number.
(4) Make an application in Form No.7 for each designated partners for part of (DPIN)Designated Partner Identification Number with fee of Rs.100/- to the ROC in Chennai. The Limited Liability Partnership ( LLP) will be placed electronically. It is signed by the applicant in digitally.
(5) Follow the provisions of Rule 10 of the LLP rules 2009 and attach the documents specified in sub-rule (2) of the said rule to Form No.7. The LLP rules specified in sub-rule (3) of the said rule.
(6) Select a name for the proposed LLP and ensure that at least 6 choices are given  for avai…