Companies Act, 2013 since its inception and company law practice in particular, have been subjected amendments galore witnessed by plethora of Notifications, Circulars and Ministerial Orders, etc. Incorporation of companies being basic to the Companies Act, has not also remained untouched. The Ministry of Corporate Affairs in its bid to make procedure of incorporation of companies, a less cumbersome task, has been tweking with the provisions related to incorporation on a regular basis. The result is a sea change in the procedure of incorporation from what existed only till recently, so to say.
In contrast, the LLP incorporation has stood up through the test of time and has remained more or less static although with some minor modifications.
This Book titled “Companies & LLPs Incorporation with Post Incorporation Compliances” encompases the law and procedure us to incorporation of Companies and Limited Liability Partnerships (LLPs) as well as the compliance aspects required to be met with post incorporation. It comprises three more or less self contained Books.
Book 1 notices the general aspects of various forms of business organisations, and provides a comparative study inter alia of the different kinds of business entities, highlighting the pros and cons of going with them. What constitutes an “Illegal Association” and the consequential effects are also discussed in this Book.
Book 2 is aptly titled as “Formation of Companies” and constitutes the most exhaustive and important Book of this title. In its Part-I, it deals with the formation of all kinds of companies meeting the needs of most of the Company Secretaries and Administrators. The companies covered in this Part are : One Person Companies (OPCs), Private Companies, Public Companies and Non-profit Companies. Every possible issue relating to the formation of such companies is incorporated, probably with all miniscule details. Specimen Drafts of Memorandums, Articles, Objects Clauses, other requisite documents, Fees and Forms are provided for ready reference by the reader that be. Post-Incorporation Compliances relating to companies are also provided in Part-II of this Book 2.
Book 3 is devoted exclusively to the Formation of Limited Liability Partnerships (LLPs), now gaining importance by the day. Every possible aspect relating to the Formation of LLPs stands attended to herein with optimum precision. Specimen Drafts of LLP Agreements, Supplementary LLP agreements, Forms, Fees, etc., are also provided in this Book 3. Post-incorporation compliances as required in case of LLPs are also included for needs to be forthcoming subsequently.
Conversion procedures from LLPs to Companies and vice versa are also discussed in detail in the Book 3 itself.
The present title is an outcome of our long standing and perhaps unmatched experience in the field of Corporate Laws. In view of immaculate detailing and lucid presentation of the subject matter it should, without any doubt, cater to the requirements of all sorts of professionals, viz., Company Secretaries, Chartered Accountants, Advocates, Tax Practitioners, Company Administrators, etc.