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No. A LLP is not stuck if it does not do any business.

Whether the LLP does business or not, it is supposed to complete the applicable compliances like any other LLP in business. The penalties for not filing these compliances or the delay in filing are on a per day basis and pile up, in case of any delay.

Last year there were cases where the government decided to strile off a company or LLP due to non filing of the returns for many years. They have also suspended the directors/ partners of these companies. In such cases, the government reserves the rights to take actions on the directors/ promoters of the company, which might include fine and/ or jail term.

Any company registered in India must have at least one resident Indian as a direcors.

Yes, a subsidiary in India can have a director (Resident Indian or otherwise) common with the parent entity. 

In case, the Indian entity is either billing or making a payment to the parent entity, Transfer Pricing (along with its compliances) will be applicable, since this will fall under related party transaction. This, however, will be the case even if there are no common directors, since the shares are held by the parent entity. There aren't any extra tax liability on the company for having common directors with the parent entity.

In case you need support with setting up and operating an Indian subsidiary in India, please reach out to us at enquire@wazzeer.com.

From the facts provided, it emerges that MOU’s were entered into between the parties regarding the capital to be invested and the sharing of profits. For absolute clarity on the issue, the terms and conditions of the MOU’s including the obligations of the respective parties are required to be seen. But from a perusal of the factual narration and assuming that there is an unequivocal obligation on the other party to share the profits in the MOU, appropriate proceedings before the Court of competent jurisdiction can be initiated claiming damages for breach of MOU/Contract by the other part in case the other part refuses to fulfil its payment obligations under the contract/MOU. The original/copies of the MOU’s, correspondence between the parties etc., would have to be perused for further assistance.

It emerges that the person in Punjab has no privity with any of the vendors in Delhi directly since the supply of the goods, receipt of the payment etc. was done in your name/bank account. It is understood from the facts stated that the payment for the goods have been made and there was no issue raised by the person at the first instance before making payment. Further, no invoices exist or no consideration was given to you for the services extended. In these circumstances, it would be difficult for the person to prove any claims before the courts against you although there is not denying the fact that you were part of the transaction. However, rather than escalating the issue and avoiding any litigation costs, it would be advisable to discuss with the vendor and the get the goods replaced, if possible.