Add Director
A Director of a Company is a person that is elected by the shareholders to manage the affairs of the company as per the MOA and AOA. As the company is an artificial person it can only act through the agency of a natural person. Thus, a director has to be a living person and the management of the company is entrusted to its Board of Directors. The appointment of the Directors can be required from time to time based on the requirements of the shareholders of the business.
Winding Up of Limited Liability Partnership
The LLPs are newly formed business entities that were introduced through the LLP Act,2018 in India. The Limited Liabilities enjoy the audit exemption if the annual turnover of the LLP is less than Rs 40 lakh or the capital contribution is less than Rs.25 lakhs. The Limited Liability partnership is a basic partnership in which all the partners share limited liabilities as the LLP is set up under certain legal terms and documentation. There is a specific process as to how an individual can register his or her LLP.
