If you are issuing shares on rights basis to existing holders, then no need to go for a separate bank account but if we doing for new shareholders is it mandatory ?
section 62 (1) (a) tells us about Right issue. and valuation report/special resolution and separate bank account is not required for right issue but for public issue and private placement it is required.
section 62 (1) (c) is about private placement.
If we are triggering 62(1) (c) which speaks of issue of shares to other than existing holders.
unable to upload PDF, while doing the same, the error coming where I don't understand how to proceed. Kindly guide at the earliest.
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Whether a foreign Company can be registered as a Section
8 Company in India?
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india
section
incorporate
foreign
Format required for board Resolution for authorizing person on behalf of company(body corporate) who is subscriber to MOA and AOA
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Can a Nidhi Company appoints a body corporate as its member?
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Payment got deducted but challan not generated i have the SRN but dont know how to get a challan ? Please share and help
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The company abc is giving intercorporate loan to another company xyz in excess of the limits stated in the section 186 of the companies act 2013.
We need to conduct BM to set a threshold limit and thereafter conduct EGM. Approving the limit in excess of limit specified in section 186 with the consent of members.both the Company has same directors.
1. Now my concern is the ceiling limit of loan is 50 lacs and loan given to company is 20 lacs. Do we need to mention both the amount in mgt 14. Or only the ceiling limit need to be mentioned in Form.
1. Is board resolution sufficient for the loan given to the company amounting 20 lac. Do we need to mention about the loan portions every time we grant loan to the company within the limit I.e. 50 lac.
2. Do we need to file mgt 14 everytime for providing loan within the limit of rs. 50 lac. Or if one time approval from shareholders are sufficient?
3. Board resolution is needed for providing loan and interest rate in parts till the ceiling limit is attained while granting loan
Please clear:-
An illiterate person wants to become a subscriber, how can he sign as a subscriber to the Memorandum of Association?
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• You can file this eForm with different event dates (date of appointment, date of change in designation and date of cessation) only if these dates are within 30 days of the filing date. If any of the date(s) are beyond 30 days, then a separate form is to be filed for every such event date. For example: "Director A is appointed on 1st April, Director B is appointed on 18th April, and Director C ceases to be associated with the company w.e.f. 18th April. In such a case details of all the three changes can be filed through the same Form DIR-12 only if the Form is filed on or before 1st May, as all the events fall within 30 days. However, if the company files the eForm DIR-12 on 10th of May, then details in a separate eForm would be required to be filed in respect of Director A."
• For filing of details of two or more events (for example, appointment and cessation) relating to the same person, you are required to file separate forms. These cannot be filed through the same eForm.
• It is advised that you file the eForm in the chronological order of events. It implies that before filing this eForm you should ensure that no Form DIR-12 is pending to be filed for the particular company where the date of event is earlier than the date(s) entered in this form.
• In case of appointment of a director the person being appointed should not be associated with more than 20 companies as a Director and in case of public company, the appointment of director shall not be allowed if he is already a Director in more than 10 public companies
• If number of directors is more than 15, addendum is required to be filed with eForm DIR12. Addendum shall be allowed to be filed only for those cases where eForm DIR-12 has been filed and corresponding Form DIR-12 Addendum is required to be filed. EForm DIR-12 Addendum shall be allowed to be resubmitted only for those cases where the eForm DIR-12 Addendum is pending for resubmission eForm DIR-12.
• eForm can be filed for one company secretary in the company as company cannot have more than one person as its company secretary.
Is it right ?
Hi,
Is it 0%. If yes can you pls share any notification on same as i could not find same because under 08 HSN Code rate is 5% only
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Can a company give loan to another company having common directors?
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Does one consider profit after tax or profit before tax for applicability of CSR?
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