Hi Everyone!
Whether a public company is required to file DIR-12 in the case where a director is eligible to be retired in the AGM but due to unavailability of new director, the same is re-appointed in that AGM ?
A UK Ltd (Registered in the UK) was holding 25% holding in B Ltd (registered in India).
Now ownership of A UK Ltd was transferred to C UK Ltd.
Therefore there is an indirect change of beneficiary ownership of B Ltd ( registered in India)
Is there any FEMA filing requirement in RBI by B Ltd or A UK Ltd?
change
beneficiary
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indirect
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requirements
fema
Hello friends,
If there is no appeal pending but the case is pending in arbitration, will the taxpayer will be eligible to apply under vivad se vishwas ? if yes what will be the disputed tax?
Hi Professionals!
Whether a suit can be filed for illegal termination of an employee when there was a contract of service ?
termination
illegal
case
filed
suit
Please confirm :
As per Section 39 of the Companies Act, 2013 (“The Act”) states that:
“No allotment of any securities of a company offered to the public for subscription shall be made unless the amount stated in the prospectus as the minimum amount has been subscribed and the sums payable on application for the amount so stated have been paid to and received by the company by cheque or other instrument”.
According to the above-quoted provisions, the minimum subscription and application money are the most important requirements for a valid allotment & filing of PAS-3
As a result, one could say that shares cannot be Allot until the application money has been paid to or received by the company (credited) via cheque or other instrument.
Is it right ? or we have any option ?
Can any one guide whether FLA is required to be filed in case of issuance of convertible notes to a foreign shareholder?
CN holder doesn't hold any equity share. He has invested only in CN on non-repatriation basis.
notes
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Rule 15 Contract or Arrangement With a Related Party states :-
(b) is for appointment to any office or place of profit in the company, its subsidiary company or associate company at a monthly remmuneration exceeding two and a half lakh rupees as mentioned in clause (f) of sub-section (1) of section 188.
Anything apart from remuneration to director will fall under place of profit.
applicable
section
case
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need
Please confirm which mobile no need to give and what documents are mandatory in case of Foreign Nationals ?
Documents are also required to get appostile ?
We have to compulsorily round off the Figures in your financial statements.
for companies over 100 Crores, it is Lakhs, Millions, or Crores or 100 Crores
for companies below 100 crores, it is hundreds, thousands, lakhs or crores
But in case of loss what to do ?
Hi All,
In the case of a private placement which is also a downstream investment as per FEMA. We have taken valuation from Regd. Valuer + CA which is 5 months old... shareholders approved the private placement basis of this valuation and the same is filed with ROC.
In RBI filing the said valuation report being old than 90 days we may expect rejection from RBI and in such case, we may take another valuation with the current date only for filing purposes.
Please let me know if there is anything wrong with this practice. In my view, we don't need to link the valuation requirements of both laws. And can have separate valuations filed with different authorities. Please advise.
private
placement
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certificate
valuation
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Can any one guide whether FLA is required to be filed in case of issuance of convertible notes to a foreign shareholder?
notes
foreign
shareholder
convertible
issuance
required
filed
case
whether
Dear Member,
Whether show of hands under section 107 is possible in case of companies
which are covered under rule 20 of Companies (Management and Administration) Rules, 2014 relating to voting through electronic means?
