If you are issuing shares on rights basis to existing holders, then no need to go for a separate bank account but if we doing for new shareholders is it mandatory ?
section 62 (1) (a) tells us about Right issue. and valuation report/special resolution and separate bank account is not required for right issue but for public issue and private placement it is required.
section 62 (1) (c) is about private placement.
If we are triggering 62(1) (c) which speaks of issue of shares to other than existing holders.
Dear Everyone!
If a person is required by or under any other law to get his accounts audited, then is it compulsory for him to once again get his accounts audited to comply with the requirement of Section 44AB ?
Please share Directors Report
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Dear Members!
Can cash component of the escrow account in the buyback offer process be maintained in an interest bearing account as per SEBI (Buy back of Securities) Regulations, 2018 ?
buyback
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escrow
maintenance
How to activate if account be suspended or deactivated at MCA please share
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suspended
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meaning
Please share the Due date for filing
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A company is in the process of getting amalgamated, but the application is pending with NCLT. Accounts are not finalised but the date of AGM is nearby. What should be done in this case
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Dear All,
Can a Company close the Debenture application account once the debentures are alloted?
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Hi,
Is It Compulsory to Open Bank Account with the same Bank, which we had selected during Incorporation of the Company in SPICe+ ?
Hello All,
The Company held its AGM on 31/12/2020 but could not adopt the annual accounts due to unavailability of Directors and the CA also did not take the UDIN for the same.Hence ,MGT7 was filed ,but AOC4 was not filed.The Auditor can take UDIN only in the current date for B/S as on 31/03/2020.
Can someone please guide as to whether we need to file provisional unadopted accounts AOC 4 first and then in current date file the audited B/s again AOC 4.
Requesting to please suggest if there are any other ways in which the non compliance can be rectified.
Dear All,
Can the amount in Share Premium Account be utilised to buy land and buildings, machineries etc or should it be used only for purposes mentioned in Section 52 of the Act. If it cannot be used for any other purpose other than those mentioned in Section 52, then what is the purpose of issue of shares at a premium.
Kindly share your opinions please.
Hi
Can somebody please share with me the draft BR for the closure of the bank account? The Banker is asking for the same.
