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Key managerial personnel (KMP) or key management personnel cites to the company’s employees who are vested with the most essential parts and functionalities. They are the initial point of contact between the company and its stakeholders and are responsible for formulating strategies and their implementation. Key managerial personnel can directly and indirectly plan and control
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Establishment limited by guarantee is also called a Guarantee Company. It is a company without any shareholders in a simpler term, but it is owned by members called guarantors. The members agree to pay a minimal amount when a company is about to wound up; any establishment limited by guarantee has a separate legal identity
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A Company has a right to change its registered office wherever required. The registered office of a company needs to be changed with the prior statement in some cases. MCA has provided procedures to change the company’s address, which the company must follow in all cases. Cases for change in registered office The company can
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The concept of LLP was established in India vide the Limited Liability Partnership Act, 2008. This Act was introduced to recognize the flexibility of partnership and benefits of corporate bodies like company to bring together under one formation of an organization. LLP is also a form of partnership, where the liability of partners is limited
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A Project Office (PO) is a place of business established to execute a project in India representing the interests of a foreign company. Such offices are prohibited from undertaking or carrying on any activity other than the activity relating to the execution of the project and are established to have a presence for a limited period and for executing a specific task. What
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