Dear Members,
Indian company is creating a charge on its property in India. The charge is being created in favour of the Bank, which is London based.
In such a case, what is the process to file form CHG-1.
Form CHG-1 is asking for a PAN of charge holder. Charge holder is not having a PAN since it is a London based bank.
Please advise.
Dear Members,
The Independent Director failed to register on the Independent Directors Databank as on 31/12/2020 which was the last day to register.
Now they have received email to give declaration that they were not serving as an Independent Director in any Public Company as on 1st December 2019 which they cannot be given.
What is the solution so that they can now register themselves?
Please help. Thank you in advance.
query
databank
director
independent
Dear Members
A Private Limited is availing Overdraft facility wherein the Immovable Property of a Director is mortgaged to the Bank. In such a scenario
1) will the company have to file CHG-1 since there is a provision in the eform to file details of borrowing wherein security belonging to other persons OR is CHG-1 optional since assets of the company is not mortgaged
2) In the balance sheet of the company, will such borrowing be shown as Secured or Unsecured, since the Company's assets are not encumbered in any way.
Thanks
Dear All,
We have closed one of our loans with the Bank. There are Individual Charges with the Bank on the MCA website. as we have gone for OTS and they have provided one No Objection Certificate for all 14 loans.
Kindly advise how to file the same with ROC enabling us to close the loans with MCA website.
bank
certificate
objection
Hello All,
What are the implications of mortgage of own flat by director to the Bank for OD facility sanctioned to a Private Company in which he is a promoter director?
Dear Members,
One of my clients whose company got incorporated in June 2019., wants to strike off its name from the ROC register with 1 Lakh Share Capital.
Bank account is opened however there has been a single transaction of Rs.25k deposits from the director that is not the whole amount of Share Capital is still receivable.
So my question is do they have to pay the whole share capital and file inc 20-a then go for strike off or inc 20-a showing 25k deposit and with 75k receivable is enough ?
Can a Promoter (not a director) sign a board resolution to open a bank account?
We have opened a Pvt Limited company, in order to open a bank account banker asked to submit a board resolution signed by 2 directors
Here the problem is myself and my friend were directors(only 2 members) and my friend was in abroad,
Does the bank accept resolution with my single signature or can a shareholder sign resolution along with me? or any other alternatives
thanks in advance
Dear members,
Sale Proceeds are received into the director's personal bank account, instead of Company bank account, what remedies are available in companies Act and what is the best way to account for this transaction, Any Suggestions are welcome.
*Note-directors have more than 10% shareholding.
I have a query ...can a bank reject a BR because it is more than 3 months old...the bank is telling me that BR is valid only for 3 months. I had an argument over this with the Bank.
Dear Friends
One charge has been registered in favour of Oriental Bank of Commerce. Now after merger of Oriental Bank of Commerce into Punjab National Bank, how to change name of bank from Oriental Bank of Commerce to Punjab National Bank in Index of Charges, please advise.
As per Rule 6 (13) of the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, any amount required to be credited by the Companies to the Fund (including dividend amount on shares transferred to IEPF Authority) shall be remitted into specified account of IEPF Authority maintained in the Punjab National Bank. How to ensure compliance of the same by crediting the amount of dividend to the account of IEPF Authority? How to obtain bank details of IEPF Authority? '
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