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.
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.
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
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.
Dear Devashish
A derivative is any financial instrument whose value depends on an underlying asset, price or index. An embedded derivative is the same as a traditional derivative; its placement, however, is different
An embedded derivative is a provision in a contract that modifies the cash flow of a contract by making it dependent on some underlying measurement. Like traditional derivatives, embedded derivatives can be based on a variety of instruments, from common stock to exchange rates and interest rates. Combining derivatives with traditional contracts, or embedding derivatives changes the way that risk is distributed among the parties to the contracts.
For example, a Canadian company might enter into a sales contract with a Chinese company, creating a host contract. If the contract is denominated in a foreign currency, such as the U.S. dollar, an embedded foreign currency derivative is created.
The embedded derivative modifies the host contract by changing the cash flow that would otherwise be promised by the contract. For example, when you take out a loan, you agree to repay the funds plus interest. When you enter this contract, the lender worries that interest rates will go up, but your rate will be locked in at a lower rate. He can modify the loan agreement by embedding a derivative, so that interest payments depend on another measurement. They could, for example, be adjusted according to a benchmark interest rate or a stock index.