Does aggregate turnover include value of inward supplies received on which RCM is payable?
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How does the Reserve Bank of India discharge its statutory obligation of being a 'Banker to Government'?
Is composition dealer liable to pay Reverse charge in addition to fixed percentage of normal GST that he has to pay ?
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In case supplier eligible to threshold exemption, is reverse charge applicable?
Hi Everyone!
Is reverse charge applicable after supply or on payment of advance?
Hello Members,
Can anyone confirm that in case of condonation of delay in filing CHG-4 beyond 300 days, if we are filing form CHG-8, it is asking for SRN of CHG-4. So do we have to file form CHG-4 before filing CHG-8?
Dear All,
NBFCs are charging high interest rates from their borrowers. Is there any ceiling on interest rate charged by the NBFCs to their borrowers?
Hello Friends!
According to sub-section (1) of section 82, a company shall give
intimation to the Registrar about the payment or satisfaction in full of
any charge registered within a period of thirty days from the date of
such payment or satisfaction. Is there any recourse available to the
company in case such period of 30 days elapses ?
Dear All,
Whether physical submission of a petition to the Regional Director
is required in case of condonation of delay in filing the particulars of the charge, modification or satisfaction of charge?
There is no provision to get the charges registered under the LLP act 2008 and LLP rules 2009 Unlike the Companies Act 2013.
But LLP form-8 shows that annual returns to be filed by LLP can be either as 'Annual form or interim'.
Further, form 8 mandates a declaration of designated partners in part A (statement of solvency) stating that creation of charge modification or satisfaction has been filed till the present financial year. This implies that LLP can borrow secured loan. It is only inference that one can draw from reading the contents of Form No-8.
Therefore, when LLP takes a loan and wants to create charge, it has to file interim Form No- 8 to create charge. (please note that the declaration in statement of solvency reads as 'We have already filed a statement indicating creation of charges or modification or satisfaction thereof till the present financial year'). It is worth noting that the word' SOLVENCY' is not defined in LLP Act or The Companies Act or even in The Insolvency and Bankruptcy Code, 2016.
If its get delayed in filing of charge creation Form beyond 180 days from the day of charge creation. Any way out for the condonation of delay filing ?
Whether company is required to register with Registrar of Companies in India for particulars of Charge on its assets situated outside India?
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