fema investment downstream
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Can any one guide whether FLA is required to be filed in case of issuance of convertible notes to a foreign shareholder?
CN holder doesn't hold any equity share. He has invested only in CN on non-repatriation basis.
notes foreign shareholder convertible issuance filed case required WHAT IS THE Due date for Filing Form FC 3 and FC 4 For F.Y. 2021-2022?
Click here to view / answer Share it onPlease confirm when its applicable to file ?
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Share format for "Declaration with regard to fulfilment of fit and proper person criteria, as per sub-rule (3) of Rule 3B, by all Promoters and Directors of the Company"
Required for filling of NDH-4
rule person criteria proper fulfilment nidhi company declaration If in Private Company there are only two Additional Directors, that will be sufficient for considering BOD ?
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Please confirm company can take unsecured loan from the directors and there relatives with zero rate of interest right ?
But while accepting deposit from directors, they must give a declaration to the company that the amount is their own money and not borrowed.
Please confirm if anything else need to be done ?
DPT-3 also need to be filed ?
Company failed to start its business since incorporation, in that case we can Take consent of all share holders in writing instead of passing special resolution for filing MGT-14 .
It will be the ground 248(1)(d)
248. (1) Where the Registrar has reasonable cause to believe that—
(a) a company has failed to commence its business within one year of its incorporation 1[or];
(b) 2[***] ommitted
(c) a company is not carrying on any business or operation for a period of two immediately preceding financial years and has not made any application within such period for obtaining the status of a dormant company under 3[section 455; or]
new: [(d) the subscribers to the memorandum have not paid the subscription which they had undertaken to pay at the time of incorporation of a company and a declaration to this effect has not been filed within one hundred and eighty days of its incorporation under sub-section (1) of section 10A; or
(e) the company is not carrying on any business or operations, as revealed after the physical verification carried out under sub-section (9) of section 12.]
