Is it permissible for a company to obtain an unsecured loan from entities other than its directors or shareholders?
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Want to know that if all the Resident shareholders transfer holdings to one foreign entity and in attachment of form FCTRS in pre-post shareholding if we shows two nominee shareholder of foreign body corporate also show the nominee shareholder in share purchase agreement and we have filed form FCTRS,
Hello Professionals
A Company can give loans and guarantees, acquire securities or make investments in another company or body corporate with the consent of the board or shareholders. Such loans given by a company to other companies or body corporates are known as inter-corporate loans. When a company invests in another company, it is known as inter-corporat.
Hi,
Company A is a Public Limited registered on 2019, with 7 share holders out of which 3 are promoters. As per the requirements the Company take ISIN and demated the shares of 4 share holders (promoters and directors). Further the company has increased capital and allotted new shares and added new shareholders too. The initial subscriber (3) shareholders holding less than 1% is not open demat account and not complied with the procedures even after follow-ups and they were not responding to companies communications. What are your thoughts? whether its a mis compliance if 100% shares are demated? Is there any ways available to forfeit that shares? Or to transfer to IEPF?
As per section 180 is Exempted for private companies,
Therefore, in a private company the share holders and directors can give unsecured loan to private company ?
In annual DPT-3 filing, there is option to mention loan form directors and relatives of directors.
So in a family business (Pvt Company) father and mother are directors as well as share holders and children's are shareholders. So if children's give loan to company and father is also give loan to company, is it children's loans fall under loan from relatives of directors Or it come under loan from shareholders.
Please clarify ?
Loan from Shareholders under Deposit Rule 73(2) is allowed subject to some conditions ? if yes please share.
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share draft documents for Company incorporation with NRI directors/shareholders.
Please share Draft shareholders agreement for share transfer
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Can Shareholder Tender Additional Shares Than Its Eligible Offer Made by Company under Buyback offer?
If yes, then Under Which section or Rule it is given under companies act?
as per Rule 17(6) States That " In case the number of shares or other specified securities offered by the shareholders or security holders is more than the total number of shares or securities to be bought back by the company, the acceptance per shareholder shall be on proportionate basis out of the total shares offered for being bought back."
It Says about Proportion but I want to know additional shares in case other members not tendering and remaining shares to offered to other member.
Please do share the Draft format for SHA if any one having.
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