We are conducting the audit of a private limited company...
It has written off investment in other private limited company worth rs 70 Lacs..
The other company is not a subsidiary of the company for which we are conducting audit..
What provisions of the company act have to be kept in mind while doing the audit..
Was company supposed to pass any sr/or before writing that off..
Dear Experts,
An Indian Co. (A Pvt. Ltd) has established Subsidiary.Co in USA (B.Ltd). Further B Ltd also established a Subsidiary Co. in UK (C.Ltd). Further C.Ltd does not have direct equity participation from A Pvt.Ltd.
Query:
1. In Section IV of FLA return (Foreign Assets) - Do we need to give details of C.Ltd?
Kindly share your thoughts.
return
investment
details
A foreign investor wants to invest under 25 lacs INR in a startup in India (pvt ltd company).
What are the compliances required:
A. If the funds are remitted from abroad ?
B. If the fund is remitted from an Indian account (source of funds also being domestic, by liquidating some Indian asset, but the investor is non-Indian) ?
Request any guidance. Thanks
abroad
investment
compliance
Dear Members,
1 - Can anyone clarify if raising investment in a DPIIT recognized startup through SAFE Notes format is legal?
2 - Is there a minimum amount per investor mandated? (for e.g in convertible notes it is 25 lacs)
3 - What is the procedure and compliance to be followed?
safe
through
investment
raising
Dear Members
can someone suggest what rules do i need to check if i have to incorporate a company whose objective is to invest in stock market.can i incorporate as a normal company or do i need to follow any special conditions.
company
investment
Dear Members,
There is one investment Company incorporated last year in August, 2019 in bangalore.
Please let me know if someone is willing to buy.
company
investment
sale
What is meant by ‘two layers of investment companies’ in relation to Section 186 of the Companies Act, 2013?
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investment
layers
Dear professional colleagues,
A real estate company has ideal funds. As it is not getting suitable projects it want to make investment in stocks and precious metals like gold etc. It's MOA is also had an objective relating making such investment also.
Now my query is whether any other registration is required to be taken from RBI or from any other authority. Any other provisions applicable to this?
Kindly share the procedure regarding foreign company investing fund in Indian company.
company
indian
investment
foreign
A company has exceeded the Section 186 limit for (c) acquire by way of subscription, purchase or otherwise, the securities of any other body corporate, and this investment was made before Companies Act, 2013 in the year 2010, What can be the remedy to comply with the provision of 186 of Companies Act, 2013 now?
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investment
exceeded
Dear All
Apart from reporting in Form DI in FIRMS Portal, an investment vehicle making downstream investment shall notify the Secretariat for Industrial Assistance in the FIFP Portal, DIPP (Department of Industrial Policy and Promotion) within 30 days of such investment, even if capital instruments have not been allotted, along with the modality of investment in new / existing ventures.
Query:
Does any one have a format of reporting that is asked for in the FIFP portal. At present, I understand that, only after registering as a User, one gets access to the reporting screen and hence am not able to view the same now.
I need the format of reporting in DIPP portal to assess the nature of information asked for and know if it is a lengthy reporting?
Thanks in advance.
format
required
investment
downstream
reporting
proposed
dipp
Dear Members,
Whether a private company can invest to purchase its own shares as sec 67 is not applicable to the company as there is no borrowings of company.
shares
purchase
company
investment
regarding
