A limited liability partnership (LLP) is a partnership in which some or all partners have limited liabilities. It therefore can exhibit aspects of both partnerships and corporations. In an LLP, each partner is not responsible or liable for another partner's misconduct or negligence. This distinguishes an LLP from a traditional partnership under the UK Partnership Act 1890, in which each partner has joint liability. In an LLP, some or all partners have a form of limited liability similar to that of the shareholders of a corporation. Depending on the jurisdiction, however, the limited liability may extend only to the negligence or misconduct of the other partners, and the partners may be personally liable for other liabilities of the firm or partners.
A privately held company is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter". Related terms are unlisted organisation, unquoted company and private equity.
The Indian Foreign Service (IFS) is a diplomatic service and a central civil service of the Government of the Republic of India under the Ministry of External Affairs. The Foreign Secretary is the head of the service. Vikram Misri is the 35th and the current Foreign Secretary.
INRegistry is the organisation responsible for the .in TLD and the native language internationalised domain name TLDs for the country. It was appointed by the government of India, and operates under the authority National Internet Exchange of India (NIXI).
The Ministry of Corporate Affairs is an Indian government ministry primarily concerned with administration of the Companies Act 2013, the Companies Act 1956, the Limited Liability Partnership Act, 2008, and the Insolvency and Bankruptcy Code, 2016.
The Ministry of Law and Justice in the Government of India is a cabinet ministry which deals with the management of the legal affairs, legislative activities and administration of justice in India through its three departments namely the Legislative Department and the Department of Legal Affairs and the Department of Justice respectively. The Department of Legal Affairs is concerned with advising the various Ministries of the Central Government while the Legislative Department is concerned with drafting of principal legislation for the Central Government. The ministry is headed by Cabinet Minister of Law and Justice Arjun Ram Meghwal appointed by the President of India on the recommendation of the Prime Minister of India. The first Law and Justice minister of independent India was Dr. B. R. Ambedkar, who served in the Prime Minister Jawaharlal Nehru's cabinet during 1947–51.
Sashastra Seema Bal is a central armed police force in India under the Ministry of Home Affairs. It is responsible for guarding India’s borders with Nepal and Bhutan.
General Insurance Corporation,, is an Indian public sector reinsurance company, headquarters in Mumbai, India. It was incorporated on 22 November 1972 under Companies Act, 1956. It was the sole nationalised reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France. GIC Re's shares are listed on BSE Limited and National Stock Exchange of India Ltd.
The Ministry of Road Transport and Highways (MoRTH) is a ministry of the Government of India, that is the apex body for formulation and administration of the rules, regulations and laws relating to road transport, transport research and in also to increase the mobility and efficiency of the road transport system in India. Through its officers of Central Engineering Services (Roads) cadre it is responsible for the development of National Highways of the country.
A private company limited by shares is a class of private limited company incorporated under the laws of England and Wales, Hong Kong, Northern Ireland, Scotland, certain Commonwealth jurisdictions, and the Republic of Ireland. It has shareholders with limited liability and its shares may not be offered to the general public, unlike those of a public limited company.
The Companies Act 1956 was an Act of the Parliament of India, enacted in 1956, which enabled companies to be formed by registration, and set out the responsibilities of companies, their directors and secretaries. It was repealed and replaced by the Companies Act 2013.
The Limited Liability Partnership Act, 2008 was enacted by the Parliament of India to introduce and legally sanction the concept of LLP in India. Unlike the general partnerships in India, LLP is a body corporate and legal entity separate from its partners, have Perpetual succession and any change in the partners of an LLP shall not affect the existence, rights or liabilities of the LLP.
The Indian Corporate Law Service (Hindi: भारतीय कॉरपोरेट विधि सेवा), abbreviated as ICLS, is one of the Central Civil Services and it functions under the Ministry of Corporate Affairs, Government of India. The service is entrusted with the responsibility of the implementation of Companies Act,1956(now repealed), Companies Act, 2013 and The Limited liability Partnership Act, 2008.
The Serious Fraud Investigation Office (SFIO) is a statutory agency in India tasked with investigating corporate fraud. It operates under the Ministry of Corporate Affairs, Government of India, with the mandate of detecting and prosecuting or recommending prosecution for white-collar crimes. The SFIO is a multi-disciplinary organization, comprising experts in various fields such as accountancy, forensic auditing, banking, law, information technology, investigation, company law, capital market, taxation, among other domains.
Indian company law regulates corporations formed under Section 2(20) of the Indian Companies Act of 2013, superseding the Companies Act of 1956.
The Indian Institute of Corporate Affairs (IICA) is a central civil service training institute under the administrative control of Ministry of Corporate Affairs, Government of India for the central civil servants of the Indian Corporate Law Service cadre.
United India Insurance Company Limited (UIICL) is an Indian public sector insurance company owned by the Government of India and administered by the Ministry of Finance. Headquartered in Chennai, Tamil Nadu, the company has 30 regional offices and more than 1,400 operating offices nationwide, including 511 micro offices, as of 31 March 2023. It also had underwriting operations in Hong Kong that ceased effective 1 April 2002, following which the New India Assurance Company Limited, Hong Kong, has taken over the run-off portfolio. This foreign operation had three outstanding claims as of 31 March 2023. The company was incorporated on 18 February 1938 and nationalized in 1972. The Company recorded a gross direct premium income of ₹17,644 in the financial year 2022-23, registering a growth of 12.23% over the previous year.
The Indian Defence Estates Service is a Civil Service in the Government of India. Its Cadre Controlling Authority (CCA) is the Ministry of Defence. Civil Services Examination conducted every year by Union Public Service Commission provides a gateway for entry into this service. The Service traces its origin to 16 December 1926 and has been constantly evolving since then. The service was initially known as the Military Lands and Cantonment Service (1926-1983), and then Defence Lands and Cantonment Service (1983-1985). In 1985, it was renamed as the Indian Defence Estates Service. The service is governed by the Indian Defence Estates Service Rules, 2013, where 75% intake is by direct recruitment and 25% by promotion.
The Institute of Company Secretaries of India (ICSI) is a national professional body in India under the ownership of Ministry of Corporate Affairs, Government of India with the objective of promoting, regulating and developing the profession of company secretaries in India. It is headquartered in New Delhi, has four regional offices at New Delhi, Chennai, Kolkata and Mumbai, and has 73 chapters around the country.
Kerala State Co-operative Bank Limited, branded as Kerala Bank, is an Indian co-operative bank set up by the Government of Kerala, India.
