amended prohibition transactions benami
What disclosures required?
Disclosure of any proceedings initiated or pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 with all details like Details of such property, including year of acquisition, Amount, Beneficiaries, reference to the item in the Balance Sheet (if it is in Books of account), If property is not in the books, then the fact shall be stated with reasons, any proceedings against the company under this law as an abetter of the transaction or as the transferor then the details shall be provided, Nature of proceedings, status of same and company’s view on same.
Dear All,
An LLP has been incorporated. But, initial LLP agreement via form 3 is pending to be filled with ROC.
1. Now, due to some dispute between partners, they want to dissolve LLP is it possible as incorporation has been done just 2 months back??
2. Or whether any of one can resign and another can be added?
If we go for option 2, first we have to file the initial agreement and then only we can change the agreement, am I correct?
Whether strike off is possible?
Please reply.
Dear members,
the newly incorporated company wants to have two shareholders holding shares in 80:20 ratio, wants to change shareholding in the company to 50: 50 ratio
PLEASE ADVICE HOW TO GO AHEAD.
company incorporated newly shareholding change
Dear members,
If a company is converted into LLP, what about the Reserves and surplus outstanding in its balance sheet? Whether they become part of Balance Sheet of LLP after conversion or something else to be done?
kindly advice.
into company conversion
Dear members,
In the rules, it is mentioned that :
where the member of the reporting company is a body corporate (whether incorporated or registered in India or abroad), other than a limited liability partnership,
what does it mean, whether it means that if an LLP is a member of a reporting company and holding more than 10%, then it has to be ignored??
pls clarify, it will be very helpful for me, as I have one same case.
thanks
Dear Members
For foreign Director Passport copy with father's name is mandatory. But in China passport are issued without father name. Can anyone guide me what other options can be used while the formation of Pvt Ltd Company with One Chinese Director?
Regards
director chinese incorporation
Dear All
Please advice
if a reporting company is a wholly-owned subsidiary
Then when filing the BEN 2 which point is to be select
whether I have to tick
1.For a declaration of holding reporting company
or
2 For a declaration of Significant Beneficial Ownership under Section 90
I am confused
Because everyone has a different view.
Dear members
when one partner of LLP is Indian and other is Foreign National Residing abroad, how the LLP agreement is signed? if we get signed the agreement first from Indian partner and then send to Foreign National by courier to his address and he signs there in abroad and then sends back to us for filing, will it be ok? whether the signing of Foreign partner is required to be notarized & apostilled? any other way?
Thank You.
Dear All,
One of my clients has executed LLP agreement before incorporation certificate received by LLP.
And has paid 15000 stamp duty.
Can we file Form-3 LLP now with old franking challan?
Thanks in advance.
In my view, No act can be enforceable prior to its implementation until specifically provided in the act.
The amended law empowers the specified authorities to provisionally attach benami properties which can eventually be confiscated.
Besides, if a person is found guilty of offence of benami transaction by the competent court, he shall be punishable with rigorous imprisonment for a term not less than one year but which may extend to 7 years and shall also be liable to fine which may extend to 25% of the fair market value of the property.