Legal responsibilities which must be satisfied after incorporation of organization are annual compliance. Compliance signifies ‘activity to conforming to law’ and annual signifies ‘a year’.
Annual Compliance implies covering all the legal necessities for entire the year to avoid legal punishments.
It refers to a business that is located in a country other than the parent company. A subsidiary company is controlled by its parent company.
Private Limited Companies has a limited financial liability; to their stocks only. Hence, it always protects the individual asset and income.
Limited Liability Partnership are those firms which are registered under the Indian LLP Act, 2008 and the LLP Rules, 2009 as all other Companies.
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