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Director are considered as the main backbone of the company, who controls and administer the company’s operations. Director is appointed by the consent of shareholders as per the eligibility criteria mentioned in the company’s articles of association. Reason behind change of director is to ensure best combination of experts on board working for the welfare of the company. The board of director changes with the appointment of new directors and resignation or removal of existing ones. The approval, removal or resignation is not effective, until and unless it is intimidating to the ministry of corporate affairs. The shareholder holds the deliberate regulator in their hand by assigning the additional or operational duties by the appointment of new directors. Director is not responsible for the contributing to the share capital therefore, shareholder’s voting rights and ownership rights can not be taken with the introduction of a new member in board. As per the Companies Act, it is prescribed that minimum two and three directors must be appointed in a private and public company respectively. The director’s count should not be reduced at any time in a company. If in case, minimum director reduces, the company must appoint aa new director within 6 months.
The LPP stands for Limited Liability Partnership it is a better version of a general partnership firm. It is governed by limited liability partnership act 2008.
Minimun 2 Partners are required to start a LPP. There are no limit on the mximum number of in a LPP.
Unilike a private ltd company no minimum capital required to start a LPP.
A legal proof of LPP is certificate incorporation as well as LPP agreement.
LPP agreement is similar to a partnership deed where all the rights, liabilities and share of profit and loss are mentioned/drafted.
Name allotment as desired by you is wholly a discretionary power of ROC. Normally ROC is allot your desired business name if it is unique and not resemblinding with any existing company/LPP.
Yes, DSC of an authorised director is required while in corporating an LPP.
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No, You don't need to be a physically present for the process.E-startupindia is an online catering platform all you need is internet connection in your phone/desktop and required document with and we can get the job done no matters even you are present at remotest location of the india.