Hello,
Is it required to create and file charge for creation of bank guarantee against FDs held in the bank?
Regards,
Hi
Can somebody please share with me the draft BR for the closure of the bank account? The Banker is asking for the same.
Hi Friends,
A Private company has taken loan from a bank and the charge registration for it was done with MCA not that loan has been taken over by another Bank do we need to file form for charge modification or is there any other compliance?
Hi Friends,
A Private company has taken loan from a bank and the charge registration for it was done with MCA not that loan has been taken over by another Bank do we need to file form for charge modification or is there any other compliance?
Hi,
Is there any Multi-State for sale, anyone who knows please let me know.
bank
multistate
Dear Members,
A Company has filed SH-7 and increase authorized capital. However MGT-7 of the Company relating to previous year is pending to be filed.
Now if the company files MGT-7, will it alter the authorized capital in the Master Data?
Thanks and Regards
bank
nationalized
opening
secretary
company
Hello All,
If my company is incorporated in the state of Himachal Pradesh and one of the director is from Himachal Pradesh and another one is from Hyderabad (Telangana).
In the above case can we open bank account in state of Telangana.
It is to inform that the investors of erstwhile Oriental Bank of commerce (merged with Punjab National bank) are unable to claim the dividends and share transferred to IEPF.
The reason being that the decision on finalizing the CIN number for OBC is lying with the Department of Financial Services authorities as per the information of the IEPF authorities
It is also mentioned that many reminders have been given and till now no response have been given from Department of Financial Services .
This has being going on for 1 year(since amalgamation).
he erstwhile Oriental Bank of Commerce (e-OBC) was amalgamated with Punjab National Bank (PNB) with effect from 01.04.2020 pursuant to the Scheme of Amalgamation notified by the Central Govt. Public Sector Banks (PSBs) being body corporate constituted under the Banking Companies (Acquisition & Transfer of Undertakings) Act, 1970/80 do not have a 22 digit Corporate Identification Number (CIN) as allocated to companies incorporated under the Companies Act. Ministry of Corporate Affairs (MCA) has advised all PSBs that the first four digits of their respective IFSC Codes shall be the CIN for the limited purpose of filing of necessary IEPF forms with the MCA by the PSBs. However, while lodging of claims for unpaid/unclaimed dividend from IEPF (Form IEPF 5), the investors are unable to trace the CIN/Name of the Bank as it is not the standard 22 digit CIN. The matter has already been taken up with MCA for mapping of the CIN for all IEPF related activities and the reply to the same is awaited from MCA.
How to move forward????
Dear friends
One of my client wants to file for bankruptcy of his Private limited company
Anyone has. done this....please elaborate the process for the same
Thanks
bankruptcy
going
company
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
