Can shares be issued for consideration other than cash to foreigners under FEMA?
Consideration would be advisory services.
Dear all, We are exporter of Services.
We did not receive exports proceeds with in 12 months. At present, invoices are outstanding for more than 18 months. Most probably, we will receive in Oct 2023. Do we need to pay GST on this now? Can we make an application to RBI for extension of time for realization? Can anyone please clarify?
How can the process of issuing additional shares under Right Issue, following the regulations outlined in the Companies Act of 2013, be described?
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If you are experiencing issues with the generation of a mobile OTP (One-Time Password) for the DIR WEB KYC (Director Web Know Your Customer) process for directors in the USA, here are a few steps you can take:
1. Verify mobile number: Ensure that the mobile number provided for the director is correct and active. Double-check the country code and make sure there are no typos or errors in the phone number.
2. Network coverage: Confirm that the director's mobile device has a stable network connection with sufficient coverage. A weak or unstable network connection can sometimes prevent OTP generation.
3. Check SMS settings: Verify that the director's mobile device is not blocking or filtering SMS messages, especially if there are specific settings or apps that could interfere with receiving OTPs.
4. Resend OTP option: Check if there is an option to resend the OTP on the DIR WEB KYC portal. It is possible that the initial OTP delivery was delayed or unsuccessful.
5. Contact support: If the OTP is still not generating despite trying the above steps, it is advisable to reach out to the support or helpline provided by the DIR or relevant authorities overseeing the KYC process. They can assist you in troubleshooting the issue or provide alternative methods for OTP generation or verification.
Remember to provide all necessary details and documentation requested during the KYC process to ensure a smooth verification process.
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Hello Professionals
What do you mean by ‘Companies with charitable purpose’ (Section 8) under the Companies Act, 2013? What are the conditions for the issue & revocation of the license of such a company by the Government?
companies
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How are shares issued and transferred in a company as per the Companies Act?
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transferred
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shares
Hello All.
What needs to be done when the proposed name applied has already been reserved but due to some issues like (Category/Spelling mistakes etc.), the applicant wants to reapply with the same name?
Hi Friends!
Would an individual be eligible for the rights issue if shares are purchased on the ex-date/record date?
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Hello Professionals
Section 46 read with the Companies (Share Capital and Debentures) Rules, 2014 requires passing of Board Resolution for issuance of share certificates. Under the Companies Act, 1956 such power could be delegated to a Committee of the Board. Companies Act, 2013 is silent on this issue?
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Hi Folks!
What are fractional entitlements? What will be the entitlement if a shareholder holds less than 2 Equity shares?
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Hello Professionals
Is section 42 applicable for Rights Issue of shares under section 62(1)(a)? Are PAS 4 (Letter of Offer) and PAS 5 (Record of Offer) applicable for Rights Issue of shares?
Dear All,
Is section 42 applicable for Rights Issue of shares under section 62(1)(a)? Are PAS 4 (Letter of Offer) and PAS 5 (Record of Offer) applicable for Rights Issue of shares?
