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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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134 /
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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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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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Posted By : Anuradha /
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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 Anuradha,
Yes both the shareholders can be a company
There is no such restriction in this regard that 100% shareholding cannot be held by the company.
Provision of Section 187(1) as shared below also provides some clarification regarding the holding of shares by the company.
187. Investments of company to be held in its own name
(1) All investments made or held by a company in any property, security or other asset shall be made and held by it in its own name:
Provided that the company may hold any shares in its subsidiary company in the name of any nominee or nominees of the company, if it is necessary to do so, to ensure that the number of members of the subsidiary company is not reduced below the statutory limit.