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Posted By : Anuradha /
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01-Jun-2022 05:12 AM /
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Is there any cap on the amount of contribution by a partner in LLP?
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01-Jun-2022 05:11 AM /
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358 /
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Can a company give loan to another company having common directors?
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31-May-2022 05:17 AM /
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Can one apply for striking off an LLP incorporated in 2018 which has not done its annual filing till date?
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31-May-2022 05:14 AM /
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Is there any limit on the remuneration of a director of a private company?
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31-May-2022 05:08 AM /
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Does one consider profit after tax or profit before tax for applicability of CSR?
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30-May-2022 05:17 AM /
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997 /
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What will be the signing date of MGT-8? Is it supposed to be signed before or after the approval of the financial statements?
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30-May-2022 05:15 AM /
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What is the stamp duty on transfer of shares in Maharashtra?
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Posted By : Anuradha /
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30-May-2022 05:14 AM /
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Can one convert a sole proprietorship into one person company?
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Dear Ms. Anuradha ,
MGT-14 not required to file for Alteration of Authorised Share Capital caluse as this caluse change is subject to Ordinary Resolution.
13(1) says that "Save as provided in section 61, a company may, by a special resolution and after complying with the procedure specified in this section, alter the provisions of its memorandum."
Process of increase in authorised share capital is governed by section 61 read with section 13 and 14 of Companies act 2013. Section 61 has a precondition that to increase authorised share capital, authorisation in article of association is a must.
Therefore, As per the section the company may alter its memorandum through passing SR in its general meeting to—increase its authorised share capital by such amount as it thinks expedient, then only required to file MGT-14 if any Special Resolution passed.
Read more here
https://www.compliancecalendar.in/increase-authorised-capital