Regulation 23 (4) provides that all material related party transactions shall require approval of the shareholders through resolution and no related party shall vote to approve such resolutions whether the entity is a related party to the particular transaction or not. In this regard, whether only those related parties who are related to the concerned transaction/ contract should not vote to approve or whether related parties should altogether not vote to approve such transaction?
Click here to view / answer Share it onDear 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 ?
Hi members!
Whether it is necessary to pass Board Resolution if a transaction is
transacted at arm’s length basis with a related party?
1. Section 184(1) - Should foreign directors disclose their interest or concern in entities that are located elsewhere except India?
2. Section 184(2) - Does the wording "shall not participate in the meeting" mean to not participate in the entire meeting or only for that respective agenda?
Please clarify
Please share if any draft format in Excel for Calculation.
Click here to view / answer Share it onDear Professionals,
Following objection raised by the CRC for the Producer certificate or Khasra/ Khatauni is in regional language than It should be in translated in English & certified by the professional
Pl make the following compliances as it is final opportunity :- 1. The address mentioned in the utility bill is incomplete viz. not having vital details like House no./Flat no./Plot no./Road/Khasra/Khatauni etc. Provide precise location details to enable service of documents at the mentioned address. Attach another documentary proof with complete address along with NOC. In case of rural areas not having exact / precise location in the utility bill, start with C/o (owner of the premises) in the registered office address details. 2.Producer certificate of all subscribers certified by tehsildar/ agriculture officer/ patwari/ SDM/district administrator on their letterhead with Clear Office Name & Address, Tel. No., Email-ID and Signing officer's Name, Designation, Contact No., stamp etc. and/or Khasra/ Khatauni should also be attached. if Producer certificate or Khasra/ Khatauni is in regional language than It should be in translated in English & certified by the professional. Please highlight the names of subscribers in khasra / khatoni if attached.
What should I do?
Dear All
Is there any specific format as per Schedule III of the Companies Act 2013 for disclosure of related party transactions in financial statements?
Dear Members,
Anyone uploaded or even started filling Form 3 Etc. or even in the process of doing Form 3 and 4 of LLP.
Please let me know and share your contact details.
I have queries.
Dear Members,
Which form we have to file for FY 2019-20 annual filing, is it MGT-7 or MGT-7A?
Hi,
If Co A holds 9999 shares and Mr. B holds 1 share of Z Company.
Then what should be written on the Share Certificate of Mr. B?
Mr. B (Nominee of A), Mr. B (Authorised Representative of Mr. A) or pls suggest any other suitable title.
Hello,
I have already registered as Business User in the new MCA My Application portal. Then if enter the user name - mail id, I am getting an error as "Please enter valid username" not able to login to LLP Filings with old Login credentials also..........
Kindly resolve my query
Dear Member,
Required furnish Share certificate template in word version with the counter acknowledgement which will be tear up by the company for there internal record.