Dear Members,
One of the subscriber to MOA of a pvt company is having shareholding of 99.99% ie held by a public company.
My query is it necessary to have 7 subscribers to MOA in the case of deemed public company at the time of incorporation or can we incorporate with 2 members?
Any case laws supporting the views would be highly appreciated.
"No Minimum paid-up capital:"
The Companies Amendment Act, 2015 has come up with an amendment that there no minimum capital requirement for starting a public limited company. the words of five lakh rupees or such higher paid-up share capital has been removed which pertains to the minimum paid up share capital of the company. So a public limited company can start its business without any amount of minimum capital restriction.
While rule-4 (1) of NIDHI Rules, 2014 says
(1) A Nidhi 1[Omitted] shall be a public company and shall have a minimum paid up equity share capital of five lakh rupees.
MCA not allowing to Incorporate with 1 lac Capital while already some companies Incorporated with 1 Lac so not able to clear about the Applicability of Act or Rule which one supersede ?
CIN U65990MH2021PLN355452
Company Name MAHILA PARIVARTAN URBAN NIDHI LIMITED
ROC Code RoC-Mumbai
Registration Number 355452
Company Category Company limited by Shares
Company Sub Category Non-govt company
Class of Company Public
Authorised Capital(Rs) 500000
Paid up Capital(Rs) 100000
Hello,
Can a producer company allot 1000 shares of Rs.10 each to its 10 members thereby making share capital of producer company as Rs.1,00,000 ?
Dear All,
As per the MCA Circular dated 24th March, 2020, relaxation is provided in terms of the gap between two board meetings to be 180 days instead of 120 days as per Section 173 of the Companies Act, 2013. If a company makes use of this relaxation, the number of board meetings held in a year falls below the minimum number of 4 board meetings required in a year. Is that ok?
The circular doesn't expressly mention regarding the exemption given for the number of meetings to be less than 4. Request learned members to share your views on this.
Dear Members,
Are Producer Companies required to have a minimum paid up capital of Rs.5 Lakh even now?
requirement
capital
minimum
company
producer
It is not necessary to ask for a specific age to receive a PAN card. You can keep your own card on your own. Documents must be submitted to prove the parent's identity and address. The age of the youngest is required with document 2 photo proof.First you will get a pan card without a photo card. After crossing the minority, the applicant may file the amendment of the Ban Data, give her photographs and renew his signature to the Income Tax authorities, which will renew his PAN card.
There is no minimum age for receiving Pan Card. Any person who is Indian citizen is eligible to receive a PAN card. If any person is small, a pin card is printed rather than a small card.
Small, initially PAN card photo and without signature are provided. After major changes, the PAN should apply for change in the data. There are most people under the idea that the application for PAN card can only be modified by 18 persons, but this is a myth. Even if the pan card is issued, the minorities are also allocated. PAN card is also mandatory for children if they wish to nominate themselves to the investors as shares, assets or other finances.
PAN is compulsory for filing Income tax returns.No there is no requirement for apply for PAN card. But below 18 years IT will provide PAN CARD with mentioned MINOR on card. The thing to note is that the small card does not come on photo cards.
You have to be responsible for providing accounts in the income of minorities. The record in India is of a baby of 6 days old got a PAN card. I am not sure about it. I read it somewhere. No minimum age. Any aged person can get a PAN card.
VIEW MORE : https://panseva.com/date_of_birth_pan_card_proof
