ACT FOR ACTS
Select a suitable firm name Firm name is merely the name under which the partners carry on their business. It is therefore only a conventional name applicable only to the persons who on each particular occasion when the same is used are members of the firm. It is only a conventional mode of designating the persons composing it. So if, […]
Continue reading »Firm registration is not compulsory. But it is in the interest of the partners themselves to have their firm registered under the Partnership Act. The Act contemplates the registration of the firm and not the registration of the partnership deed. Registration is also necessary when a new partnership comes into being. For example, on the reconstitution of the firm.The firm […]
Continue reading »(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. Convert firm into a Limited Liability Partnership (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 […]
Continue reading »Do you wish to convert proprietorship firm into a private limited company or public limited company. Proprietorship firm into a private limited company or public limited company 1.First and foremost, form a new registration company. If the new company registration is to be organized as a public limited company. Ensure that subscribers of the one to the aide-memoire of organization. […]
Continue reading »1.Investment of funds of your company in another partnership firm for a joint venture with another company. Any other entity or person or in order to commence a new partnership is possible. Your company may join in partnership with any other partnership or any other entity or person. Start a company partnership with the nature of a joint venture or […]
Continue reading »Under the partnership Act, firm registration is optional, and not essential. This is clear from the plan of section 58 and 59. A suit by one partner to exact other partners to join in registration of the partnership is maintainable. The contract of partnership does not cancel a partnership of non registration it affects the right of a partnership […]
Continue reading »The joint venture holding company will be permitted to handle the position. A pre qualified company or joint venture corporation may during the successive incorporation company or pre-qualified company subject to the approval of the government.The joint venture connects two or other companies joining together in one business. But a partnership has two or more people to maintain a business. […]
Continue reading »Firm Registration The registration of a firm is particular under the Income tax act under the partnership Act 1932. A function for firm registration can be made if the partnership makes by an instrument of partnership and the individual shares are stated in that device. An application for firm registration is to be made to the assessing officer having jurisdiction […]
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