Dear Members,
Greetings to all..
kindly clarify whether a Private Company can give guarantee to a Partnership firm (one of the partners of the fim is the Director in the guarantee given Company). As per section 185 (1) (b) of the Companies Act, 2013 it have restriction to give any loan or guarantee to any firm in which any such director or relative is a partner;
meanwhile Section 186 (2) (b) explains "No Company shall directly or indirectly give any guarantee or provide security in connection with to any other body corporate or person not exceeding the prescribed limit."
clarification required:
whether a company can give guarantee or not? if no under section 185 (1) (b) of the companies Act, 2013 means why the limit of the Guarantee has included "any person or any body corporate" in section 186 (2) (b) of the Companies Act, 2013.
Dear Professionals,
Proposals are invited for incorporation of 2 companies in USA.
The client is a Indian party.
companies
incorporation
Companies will now be eligible to come out with Fast Track Rights Issue, in case of pending show-cause notices w.r.t. adjudication, prosecution proceedings and audit qualification, provided that necessary disclosures along with potential adverse impact on the issuer are made in the letter of offer.
Confirm if any one doing.
Hello Professionals,
Can anyone pls let me know outstanding to be considered in case of a company which follows F.Y. as Jan to Dec.?
Whether is it as on 31st December or 31st March?
And for this companies Balance sheet figures is to be given is December ended or March ended?
Dear Members,
One of Private limited company Exceed threshold limit of borrowings from financial institutions rupees fifty crores as on 31.03.2020. And auditor is appointed since 2006 and last year re-appointed for next 5 years up to 2024.
My query is that 1. We need to change the auditor now or we can continue with same auditor up to 2024. ?
if a pvt co. contravenes sec 149(3) then whether sec 179 applies or sec 450 will apply.
companies
contravenes
Can anyone share the draft please.
It appears form the documents attached with e-form that the company has not complied with the provisions of section 12(3) (c) of companies Act, 2013, please explain, why not action under section 454 may be initiated for violation of section 12(3) (c) of the Companies Act, 2013 may be initiated.
The defects or incompleteness in any respect in this eForm as noticed by the Registrar have been placed on the Ministry website (www.mca.gov.in). In view of the above, you are therefore, directed that this eForm should be resubmitted complete in all respects by 02/09/2020 failing which the eForm shall be treated as invalid and shall
not be taken on record or transaction shall be cancelled.
Hi Friends,
Is section 186(2) applicable to private companies after - Notification Date 4th January, 2017.
Can a private company making investment in other company need to pass special resolution
companies
private
section
applicability
Section 185 puts restriction on company with regards to Loan to Directors, etc. MCA vide Notification dated 5th June, 2015, exempted private companies from section 185 subject to fulfillment of 3 conditions.
Further, Section 185 is replaced by new provision as per Companies Amendment Act, 2017. Now my question is, whether the exemption notification dated 5th June, 2015 is still applicable to Private Companies or not?
Dear Friends,
Section 185 puts restriction on company with regards to Loan to Directors, etc. MCA vide Notification dated 5th June, 2015, exempted private companies from section 185 subject to fulfilment of 3 conditions.
Further, Section 185 is replaced by new provision as per Companies Amendment Act, 2017. Now my question is, whether the exemption notification dated 5th June, 2015 is still applicable to Private Companies or not?
Unable to interpret and understand difference in 52(2) and 52(3) of Companies Act,2013. Please share your views on the same
act2013
companies
section
interpretation
