Hello, is it necessary to amend the PPM (Private Placement Memorandum) due to the dematerialization of AIF (Alternative Investment Fund) units? Given that redemptions/issues would now be processed in dematerialized form, what would be your suggestion regarding this?
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Could someone provide drafts of the documents required for the conversion of a Section 8 company to a private limited company?
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I have incorporated a private limited company that has not complied with ESI and PF regulations and has not engaged in any business activities. Now, the client wishes to close the company. Please guide on the necessary compliance steps and procedures for closure.
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I have incorporated a private limited company that has not complied with ESI and PF regulations and has not engaged in any business activities. Now, the client wishes to close the company. Please guide on the necessary compliance steps and procedures for closure.
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What is the threshold or limit for the application of Section 180 and what is the Exemption to Private Company ?
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Dear All,
What is the validity period for Private Placement Offer Letter, i.e. what should be the time period to apply for the shares under Private Placement?
Hi Everyone!
What is the offer period of private placement offer cum application letter in case shares are issued on private placement basis ?
"Shall not apply to a private company:-
(i) which is a one person company or a small company; or
(ii) which has turnover less than rupees fifty crores as per latest audited financial statement or which has aggregate borrowings from banks or financial institutions or any body corporate at any point of time during the financial year less than rupees twenty five crore.”.
With reference to Notification No. G.S.R. 583 (E) dated 13.06.2017, which granted exemptions to private companies, there is a query regarding the inclusion of specific types of borrowings.
Specifically, the question is whether secured car loans from banks and unsecured debentures from body corporates should be included in the calculation or not. Could you kindly provide clarification on whether these types of borrowings are considered for the exemption?
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What are the documents required for conversion of Private company into LLP?
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1. What is private placement under Section 42 of the Companies Act?
2. What are the key provisions and requirements of Section 42 regarding private placement?
3. Can private placement be undertaken by all types of companies, or are there any restrictions?
4. What is the maximum number of persons to whom securities can be offered through private placement?
5. Are there any eligibility criteria or qualifications for investors participating in a private placement?
6. What is the process for conducting a private placement and issuing securities under Section 42?
7. Are there any prescribed timelines or statutory compliances that need to be followed during a private placement?
8. Is it mandatory to appoint a separate compliance officer for overseeing private placement activities?
9. What are the disclosure and reporting requirements for companies undertaking private placement?
10. Are there any restrictions or conditions on the use of funds raised through private placement?
11. Can private placement be made to existing shareholders or only to new investors?
12. Are there any specific penalties or consequences for non-compliance with the provisions of Section 42?
13. Can the company engage intermediaries such as brokers or merchant bankers for facilitating private placement?
14. Are there any exemptions or relaxations available under Section 42 for certain types of transactions or companies?
15. How does private placement differ from public offerings or rights issues?
Is there any limit of amount for private company to take loan from its member?
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Can a director take advance salary from the private limited company equal to six months salary? Do we need to any specific compliance for the same in mca?
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