act2013 1801aof under powers borrowing
Hi Everyone,
There is one trademark application where the limit of one month has passed. Can we file for an extension? If yes, please let me know the procedure and eligibility, if any.
Dear Colleagues,
Opinions are invited on below mentioned query.
Which radio button to be selected from the following in e-form INC-22 while changing registered office from Secunderabad to Hyderabad :
1. Change in ROC within the same state
(Name of office of Existing ROC - ROC Hyderabad
Name of new ROC- ROC - Telangana)
OR
2. Change within local limits of city, town or village.
Even in this case, change is showing in the form from existing ROC Hyderabad to ROC- Telangana.
hyderabad secunderabad change office registered
A section 8 company is Incorporated , object is they will fund education of School kids n ol.
They want to take monthly donation from random public 500/- each monthly and with that it will fund the object. My question is:
1. Can a section 8 company accept such donation?
2. If yes, what are the compliance requirements?
Hello,
What is the procedure for a company to register a immovable property in its name if the property is currently belongs to another person who is not a shareholder of a company but he wants to be a shareholder of the company. The company has authorized and paid up capital of ? 1lac. Do we need to increase authorized capital and paid up capital of the company or transfer existing shares to the new person SH -4 will be enough? Please advise
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company property immovable bringing shareholder
Hello,
What is the procedure for a company to register a immovable property in its name if the property is currently belongs to another person who is not a shareholder of a company but he wants to be a shareholder of the company. The company has authorized and paid up capital of ? 1lac. Do we need to increase authorized capital and paid up capital of the company or transfer existing shares to the new person SH -4 will be enough? Please advise
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company property immovable bringing shareholder
Dear All,
With reference of the aforementioned subject, Kindly guide me where to check for GSTIN as no mail and sms has been received.
Thanks and Regards
Dear All,
Greetings of the day..
Please guide on the following:
A Pvt. Ltd Company had two Directors and one director resigned in August 2020. Only one director is there in company since then.
My question is what will be the consequences of having only one director in a Pvt. Ltd. company as the company wants to appoint a new director from the current date.
Dear Colleagues,
Request to accord inputs on below mentioned query :
Whether consolidation of Shares ( Compiling 12 Share Certificates into 1 Share Certificate) can be done ? If yes, post consolidation, Split of Share Certificate in the denomination as requested by the Shareholder and approved by the Board can be effected ? Considering Rule 6(1)(c) of the Companies(Share Capital and Debentures) Rules, 2014, the same can be done. Opinions are invited in this regard please.
PFA Share Certificates, the manner in which details will be filled complying the Companies Act.
Opinions are invited in this regard please.
shares split followed consolidation 
Section 180(1)(a) of the Companies Act, 2013 empowers a company to borrow money for its business operations subject to the limits and conditions specified in its Articles of Association. The section reads as follows:
"(1) The Board of Directors of a company shall exercise the following powers on behalf of the company by means of a resolution passed at a meeting of the Board, namely: (a) to borrow money, where the money to be borrowed, together with the money already borrowed by the company will exceed aggregate of its paid-up share capital and free reserves, apart from temporary loans obtained from the company’s bankers in the ordinary course of business;"
The provision allows a company to borrow money beyond its paid-up share capital and free reserves, but subject to the limits prescribed in the Articles of Association. The company may borrow money through various means, including loans from banks, financial institutions, and other sources.
It is important to note that the borrowing powers under Section 180(1)(a) cannot be exercised without the approval of the Board of Directors, which must be obtained by means of a resolution passed at a meeting of the Board. The Board must also ensure that the borrowing limits prescribed in the Articles of Association are not exceeded.
If a public unlisted company wishes to issue debentures on private placement, it can do so within the borrowing powers granted under Section 180(1)(a) of the Companies Act, 2013, subject to compliance with the provisions of the Act and relevant rules.
Some of the key requirements for private placement of debentures by a public unlisted company are:
The offer must be made only to a select group of persons who are identified by the Board of Directors of the company.
The maximum number of persons to whom the offer is made cannot exceed 200 in a financial year.
The offer must be made through a private placement offer letter, which should contain all the relevant details about the debentures, such as the terms and conditions, interest rate, redemption period, etc.
The company must obtain a credit rating from a registered credit rating agency for the proposed issue of debentures.
The company must create a debenture redemption reserve (DRR) of at least 25% of the value of the debentures issued, which must be maintained until the debentures are redeemed.
The company must file the private placement offer letter and other relevant documents with the Registrar of Companies within 15 days of the allotment of debentures.
The company must comply with the disclosure and reporting requirements specified by the Securities and Exchange Board of India (SEBI) and other relevant authorities.
It is important for the public unlisted company to comply with all the applicable provisions of the Companies Act, 2013, SEBI regulations, and other relevant laws while issuing debentures on private placement. The company should also ensure that it obtains the necessary approvals from its Board of Directors and other relevant authorities before proceeding with the private placement of debentures.