There is a company which got registered in the last year of 2020 and one year has passed already. When we are filing STK-2 for closure of the company under Fast Track Exit Scheme, it says Commencement of Business Form INC-20A has not been filed.
The company does not have any current account since incorporation. What to do now? Shall we file INC-20A now showing cash as part of receiving subscription money?
There is a newly registered company and the Subscribers want to pay Subscription money in Kind in the form of Assets. Can we do that?
I feel it is not possible however want to have clarity.
Can a private limited company issue shares for consideration other than cash to a director who is not a shareholder?
Will it be covered by preferential issue U/S 62(1) (c)?
Whether the Company is required to transfer the cumulative Unspent CSR amount up to the FY 2020-21 to a separate account, in case of ongoing projects? Or will it be sufficient if the Company transfers the Unspent CSR amount relating only for the FY 2020-21 to a separate account? There is no provision created w.r.t. Unspent CSR amount for previous FYs i.e., FY 2019-20, 2018-19, and 2017-18.
It would be a great help if somebody could guide me.
Whether every company is required to alter its Articles of Association as per the new format under the Companies Act, 2013?
Can CSR expenditure be approved by the Circular Resolution of the CSR Committee?
Can somebody explain the difference between Authorised capital and paid-up capital and how these two functions actually.
If the borrower is a Private Limited Company having common directors/ members then by using this section can we give a loan?
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