Hi All
Can a section 8 company, if incorporated as a private limited company can avail the status of ‘small company’ with the permission of concerned ROC, after it meets the criteria of ‘turnover’ and ‘paid-up share capital’.
Hi All
Our company is looking to issue shares on a Private Placement basis.
What is the maximum number of persons to whom an offer can be made?
Please share how to do and if possible share the drafts.
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Hi All,
In the case of a private placement which is also a downstream investment as per FEMA. We have taken valuation from Regd. Valuer + CA which is 5 months old... shareholders approved the private placement basis of this valuation and the same is filed with ROC.
In RBI filing the said valuation report being old than 90 days we may expect rejection from RBI and in such case, we may take another valuation with the current date only for filing purposes.
Please let me know if there is anything wrong with this practice. In my view, we don't need to link the valuation requirements of both laws. And can have separate valuations filed with different authorities. Please advise.
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What are the process for Voluntary winding up of a small private limited Company. Please share
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Can anyone having a checklist on issuing of OCD for a private limited company then I would request to please share the same for easy reference.
As per section 180 is Exempted for private companies,
Therefore, in a private company the share holders and directors can give unsecured loan to private company ?
In annual DPT-3 filing, there is option to mention loan form directors and relatives of directors.
So in a family business (Pvt Company) father and mother are directors as well as share holders and children's are shareholders. So if children's give loan to company and father is also give loan to company, is it children's loans fall under loan from relatives of directors Or it come under loan from shareholders.
Please clarify ?
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Hello members,
A company intends to make a preferential offer to its existing
members only. Is the company required to maintain a complete record
of Private Placement Offer in Form PAS-5, in such case ?
Loan from Shareholders under Deposit Rule 73(2) is allowed subject to some conditions ? if yes please share.
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What are the process and cost for the conversion? Please suggest that what are the criteria need to fulfil before the conversion?
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As you must be knowing, the Companies (Prospectus and Allotment of Securities) Third Amendment Rules, 2018 notified by the Ministry of Corporate Affairs, on September 10, 2018 states that:
Every unlisted public company making any offer for issue of any securities or buyback of securities or issue of bonus shares or rights offer shall ensure that before making such offer, entire holding of securities of its promoters, directors, key managerial personnel has been dematerialized in accordance with provisions of the Depositories Act 1996 and regulations made there under.
Also, with the amendment in section 29 of the Companies Act, 2013 Date. 31.07.2019, the word "PUBLIC" has been omitted. Hence, Private Limited Companies may be required to get ISIN as well. Please clear when its mandatory to get ISIN for Private Companies and if yes then PAS-6 is also need to file ?
While filing Application and Statement for conversion of a private company/ unlisted public company into limited liability partnership (LLP) & to be filed along with Fillip itself ?
What will be mandatory attachment ?
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