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Recently Answered Questions

What happens if an LLP is registered and did not run successfully?

Till very recently, the answer anyone could have given is that you need to do annual returns of the LLP, IT returns of the LLP or sell the LLP to any other partner who might be interested in running this. However, we did not know about any action that RoC may take in case you do not run your LLP.

You...


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In an LLP of two designated partners, can a single partner change the LLP agreement by signing all the documents required?

No. Modification of LLP Deed requires signature of all Partners (Designated and otherwise). This is done to protect the interest of all the Partners. In an LLP, LLP deed is the most important document and it establishes the contribution from partners, objective of the business, profit sharing method, conditions for addition and e...


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Are there any restrictions on receipts of unsecured loans in foreign currency from a foreign parent company by its subsidiary company in India?

Yes. There are a lot of restrictions on receipts of unsecured loans in foreign currency from foreign parent company by its subsidiary company in India. These borrowings are called External Commercial Borrowings (ECB). These ECBs are governed by RBI. There are primarily 2 routes for this

  • A...

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I want to start a Tea stall/kiosk.

For opening a Tea Kiosk under an old tree you will have to compulsorily take a trade license from the municipal authority of the town. Based on this license you can start your business. However, if you want to be more organized you will also have to take Food License from FSSAI department and also take GST Registration if your revenue crosses INR 20L ...


View answer
In an LLP of two designated partners, can a single partner change the LLP agreement by signing all the documents required?

No. Modification of LLP Deed requires signature of all Partners (Designated and otherwise). This is done to protect the interest of all the Partners. In an LLP, LLP deed is the most important document and it establishes the contribution from partners, objective of the business, profit sharing method, conditions for addition and e...


View answer
I want to start a Tea stall/kiosk.

For opening a Tea Kiosk under an old tree you will have to compulsorily take a trade license from the municipal authority of the town. Based on this license you can start your business. However, if you want to be more organized you will also have to take Food License from FSSAI department and also take GST Registration if your revenue crosses INR 20L ...


View answer
No questions in this category.
What happens if an LLP is registered and did not run successfully?

Till very recently, the answer anyone could have given is that you need to do annual returns of the LLP, IT returns of the LLP or sell the LLP to any other partner who might be interested in running this. However, we did not know about any action that RoC may take in case you do not run your LLP.

You...


View answer

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