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.
Please share if any one can help.
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purpose
company
bank
definition
Dear Members!
Are deposits in different banks separately insured?
In the event of liquidation of company, whether company liquidator has power to make transaction void if the company giving preference to some of his creditor in making payment during previous 2 financial year ? Is there any exception?
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bankruptcy
insolvency
What is the difference between official liquidator or Company liquidator?
whelther interim resolution professional or resolution professional have same power ?
code
bankrupty
insolvency
Someone please share the Sample of Project Report For availing Bank Loan
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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,
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
