Charges existing in company of the loan taken in the year 1991. Charge holder was The Bank of Rajasthan Ltd. which is merged with ICICI Bank.
Company is having no dues certificate from the The Bank of Rajasthan Ltd. but since it is merged whose DSC needs to be affixed in Form CH-4 for requirement of DSC of Charge holder.
Dear Learned Members,
4th proviso to the Section 77 states that:
"Provided also that this section shall not apply to such charges as may be prescribed in consultation with the Reserve Bank of India."
(As may be prescribed doesn't specifically spell out any exempted charges)
Does anybody have list of these exempted charges.
my view is different, ID is making payment to have his/her name on Data bank and having name in data bank he might be appointed by one or more company. further He is making payment to be eligible for appointment as ID. It is expense in Individual capacity and can not be considered as Expense of Company. The Company can pay higher Sitting Fees in alternative.
If we think on above view, to become Company Secretary of Company we are making annual fees payment to ICSI and ICSI maintain our name in Register of members. and then we become eligible to be appointed as CS of Company. We can not demand such membership fees from Company.
I wanted to convert LLP into the company. But LLP has some open charges in its books.
Now can LLP can be converted into Company without the satisfaction of its charges?
Compliance Calendar LLP is Recognised as Startup by DIPP Under Ministry of Commerce & Industry, Government of India