Loans to Directors
Navigating Section 185 of the Companies Act: Loans to Directors Explained Corporate governance demands a comprehensive understanding of legal frameworks, particularly those governing financial transactions within a company. One critical aspect is Section 185 of the Companies Act, which meticulously regulates the provision of loans, guarantees, and securities to directors and their associates. Let’s delve […]
LLP Compliances
Maintaining compliance for a Limited Liability Partnership (LLP) is crucial to avoid significant penalties. While LLPs have a lighter compliance load than private limited companies, the fines for non-compliance can be hefty, reaching up to INR 5 lakh. Key Compliance Requirements for LLPs: 1. Proper Bookkeeping – Maintain accurate financial records, including transactions, profits, […]