Dear Members,
Please help on the following query:
In a LLP, the profit sharing ratio between 2 designated partners have changed from 50-50 to 75-25.
Can they also change their contribution obligation from 50,000 each to 75,000 & 25,000.
Is this permissible.
You are requested to reply as soon as possible.
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Dear all,
If anybody has done work on the subject matter mentioned above. Kindly let me know the procedure of the same.
Dear Friends
Power for reduction of share capital under section 66 of Companies Act 2013 is with NCLT or RD, please confirm.
Further, if anyone is having a draft of the petition, please share with me.
Thanks In advance.
Please explain the basic concept of diminution of share capital and why it is not considered as reduction of share capital.
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