Dear Members!
As per the Sale of Goods Act, 1930, the definition of ‘goods’ includes
‘shares’. Whether selling of shares to related party will fall under the
purview of section 188 ?
Dear Members,
One of our client received NCLT order for revival of struck off company on 11/09/2020. Company missed to file Form INC 28 within 30 days. Now, during pre scrutiny of Form INC 28, message came that- form is not filed within 30 days so file form for condonation of delay. On clicking ok on message form was pre scrutinised successfully.
my query is in list of forms allowed to be filed without penalty under CFSS form INC 28 is mentioned. So, do we need to file form for condonation or it will be covered under CFSS.
Thanks in advance.
Dear Members,
One of our client received NCLT order for revival of struck off company on 11/09/2020. Company missed to file Form INC 28 within 30 days. Now, during pre scrutiny of Form INC 28, message came that- form is not filed within 30 days so file form for condonation of delay. On clicking ok on message form was pre scrutinised successfully.
my query is in list of forms allowed to be filed without penalty under CFSS form INC 28 is mentioned. So, do we need to file form for condonation or it will be covered under CFSS.
Hello Ekta Pandey ji, you have written very nicely and much elaborating manner. I have a doubt regarding clause of Order 2016 in 3 (iii) and 3(iv). Whether Loan to Directors u/s 185 or loan & investment u/s 186 is required to be covered under clause 3(iii) "Whether the company has granted any loans, secured or unsecured to companies, firms, Limited Liability Partnerships or other parties covered in the register maintained under section 189 of the Companies Act, 2013. If so, whether the terms and conditions of the grant of such loans are not prejudicial to the company’s interest" or not. Whether contracts or arrangement constitute loan & advance u/s 188 or u/s 184(2) or only covers operational transaction like sale, purchase, leasing as specified u/s 188 only.
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