transaction fraudulent case
Hello All.
What needs to be done when the proposed name applied has already been reserved but due to some issues like (Category/Spelling mistakes etc.), the applicant wants to reapply with the same name?
Dear All,
What is the functionality of Extend the name in Spice + Part A?
Hello all,
Does MD or ED of the company related to promoter group, fall under the
definition of employees for the purpose of ESOP?
Hello All
Want to know that if all the Resident shareholders transfer holdings to one foreign entity and in attachment of form FCTRS in pre-post shareholding if we shows two nominee shareholder of foreign body corporate also show the nominee shareholder in share purchase agreement and we have filed form FCTRS,
Hello All,
Is there is any relaxation in stamp duty payment on transfer of shares of Section 8 Company?
duty stamp relaxation
Hello All,
Is there a blanket ban on communication/ procurement of UPSI? Are there any exemptions?
upsi procurement communication blanket
Dear All,
Is it mandatory that the name of section 8 Company shall include the words like – Foundation, forum, association, federation, chamber, confederation, Council, electoral trust etc.?
Hello All,
Suppose, a person is holding 24% of paid up equity capital of an NBFC and
acquires additional 2% of paid up equity capital. Does the transfer require a prior approval of the RBI?
Dear Abhishek,
The necessary elements to establish a fraud are intent to deceive, to gain undue advantage from, or to injure the interests of, the company or its shareholders or its creditors or any other person. A fraud is deliberate, and is a conscious design to hide facts, provide wrong facts, etc. RPTs themselves are not fraudulent, but if there is a deliberate attempt to disguise what is clearly a
related party transaction, and therefore, seek unscrupulous benefit and avoid independent scrutiny by the audit committee, it may be contended to be a fraudulent transaction.
Hope it helps