Hello Everyone
What is required to be done if one has physical certificates with the same combination of names, but the sequence of names is different i.e. some certificates with ‘A’ as first holder and ‘B’ as second holder and other set of certificates with ‘B’ as first holder and ‘A’ as the second holder?
combination
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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 ?
How many of you have faced this problem of Investors sending FDI money without a 6-pointer KYC?
I have had several cases where in spite of telling the investors to key in 6 pointer KYC in SWIFT, their banks miss it.
In my view, 6 Pointer KYC does not serve any purpose except it creates more confusion as it is a non-standard request. Out of the 6 questions, 3 are already answered in different fields.
What is the view of the members?
filing
fcgprfctrs
done
pointer
without
Please share Directors Report
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Can I receive payment from my clients in my bank account before applying for the commencement of the business certificate (Form INC 20A) ?
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Hello,
In one of our Company, the Company Secretary inform the Board for various compliance under companies act, 2013 but the Directors are not complying with it.
In this situation what the Company Secretary will do?
Is he is required to file any form with ROC or anything to be done by Company Secretary?
Pls do let me know if anybody knows.
director
compliance
case
done
process
Dear All,
I have tried to search and read out law and found that it is not mandatory to approve the Cost Audit Statements in a duly convened board meeting only.
Any professional please confirm on the contrary views if any with supportive provisions.
done
circulation
audit
cost
approval
Dear members,
Sale Proceeds are received into the director's personal bank account, instead of Company bank account, what remedies are available in companies Act and what is the best way to account for this transaction, Any Suggestions are welcome.
*Note-directors have more than 10% shareholding.
Hi Everyone,
ESI and PF registration was not done at the time of incorporation of company in April, 2020 through AGILE form. Now we are unable to file application for ESI and PF registration on govt portal. Message displayed is w.e.f 15.02.2020, new public & private limited companies and OPC shal get registration number for EPFO % ESIC on mca portal through SPICE + and AGILE-PRO only.
after
incorporation
time
done
registration
Can CSR be done in kind ? i.e. If a company is in the business of publications of books whether it can donate books for the purpose of CSR ?
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has any one applied and got relief of compounding?
how does it work
can we get out wiith zero liability in case of genuine cases.
I see that even not filing annual return can allow Officials to levy 50000 penalty . what should we do if they levey 50k for one day delay of Annual return
also like not appointing auditor in 30 /90 days can attract 5 lakhs penalty..
please share if u have applied and gone through the process of compounding.
There was delay in filing MGT 14 and we got a resubmission mail..
i was considering above two possibilities i e compounding vs condonement.
What is the difference between compounding under section 441 and condonement under 460
pls give your views on pro and cons.
condonement
compounding
