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.
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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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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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.
Section 186 of the Companies Act, 2013 and the rules made thereunder apply only to companies, as defined under the Act. It does not apply to partnerships, LLPs (Limited Liability Partnerships), or any other type of business structure.
Partnerships and LLPs are governed by their respective laws, and the provisions related to loans, guarantees, and investments differ for these types of entities. For example, LLPs are governed by the Limited Liability Partnership Act, 2008, which has its own provisions related to loans, guarantees, and investments made by an LLP.
Therefore, it is important to understand the specific legal provisions applicable to the type of business structure that you are dealing with and seek professional advice accordingly.
Section 186 of the Companies Act, 2013 deals with loans and investments made by a company. It lays down the following provisions:
Any company can make a loan, give a guarantee or provide security in connection with a loan made to any person or body corporate, subject to the provisions of this section.
The total amount of loans, guarantees or securities provided by a company, along with the investments made, cannot exceed 60% of its paid-up share capital, free reserves and securities premium account or 100% of its free reserves and securities premium account, whichever is more.
Before making any loan, providing any guarantee or security or making any investment, the company must obtain the approval of its Board of Directors by passing a resolution at a meeting of the Board. The resolution must specify the purpose for which the loan, guarantee or security is being provided or the investment is being made.
The company must disclose the details of any loans made, guarantees or securities provided or investments made in its financial statements for the relevant financial year.
The provisions of this section do not apply to loans made, guarantees or securities provided or investments made by a banking company, an insurance company or a housing finance company.
It is important to note that any violation of the provisions of this section can lead to severe penalties and consequences, including fines, imprisonment and disqualification of directors.