A proxy is submitted 54 hours ago and another one is submitted 36 hours ago. Which one is valid?
Click here to view / answer Share it onDear All,
I have a small query, that 2 members collectively holding more than 20% Voting Right in the corporate Debtor can be treated as Related Party to the Corporate Debtor?
and if the same shareholders/members have given a Loan/Deposit to the Corporate Debtor, are they eligible to attend the Meeting of CoC and Vote in the meeting?
Dear Learned Members,
A Public Company holds equity shares of another Company.
Can that public Company go for Strike off, without selling off Equity Shares of another company?
Kindly suggest.
Dear Learned Members,
A Public Company holds equity shares of another Company.
Can that public Company go for Strike off, without selling off Equity Shares of another company?
Dear Friends
One of our Client Company has a huge sum lying in their General reserve Account and now they want to utilize this amount without declaring any dividend for the Current Year.So please suggest the possible ways through which they can utilize this general reserve Amount. Please refer section and rule applicability also.
Can inter corporate deposit can be made to related party worth rupees 20lakh
Click here to view / answer Share it onDear Member,
Request you to share the draft documents and procedure for the right issue on at premium value by a private limited company to other than Existing Share holders on rejection of Existing Share holders.
Thanks & Regards
Siva
Dear All,
In XYZ Private limited and PQR Private limited having common directors and XYZ provide job work to PQR in March 2019.
This transaction covered under section 188 and related party transaction as directors having substantial interest in both companies.
Does both company should approved the RPT transaction by passing board resolution in march 2019
disclosure
transactions
party
related
Dear Members,
Company having paid up capital of Rs. 1 Cr and now they want to do right issue and after that they will do buy back .
Now my query is whether can company do right issue and then immediately buy back or there is any time gap between the two we should keep ?
In anticipation of your response.
Dear Members,
Query is as related Party is being defined in the CA,2013(attached) can a Private Limited Company Put its own Clause in the AOA pertaining to Related Parties ' like Shareholders, directors (excluding Nominee Director), key employees earning more than 500000 per month ?
Plz help?
As per section 2(76) of Companies Act, 2013 the term Related party transaction means-
Related party with reference to a company means-
A director or his relative
A key managerial personnel or his relative
A firm, in which a director, manager or his relative is a partner
A private company in which a director or manager is a member or director
A public company in which a director or manager is a director or holds along with his relative more than 2% of his paid up share capital
Anybody corporate whose board of directors, managing director or manager is accustomed to act In accordance with the advice, directions or instructions of a director or manager
Any person on whose advice, directions or instructions a director or manager is accustomed to act: provided that nothing in sub-clauses (vi) and (vii) shall apply to advice, directions or instructions given in professional capacity
Any company which, is
A holding, subsidiary or an associate company of such company
A subsidiary of a holding company to which it is also a subsidiary
A director or key managerial personnel of the holding, subsidiary or associate company of such company or his relative
Any person appointed in senior management in the company or its holding, subsidiary or associate company i.e. personnel of the company or its holding, subsidiary or associate company who are core management team excluding board of directors comprising all members of management one level below the executive directors, including functional heads.
party
related
pertaining
clause
Dear Experts,
Kindly resolve the query. Private company is partner in 2 partnership firms. It has transactions such as advance receivables and payable. Any disclosures to be made in the directors report?
transactions
party
related
Dear Experts,
one unlisted public company incorporated on 19.02.19 i need to know whether company required to file
1) income tax return for fy-18-19
2) financial statement
3) ADT-1 other forms
I just want to know what are the compliances for the company incorporated on 19.02.19 .
Thanks in Advance
query
related
compliance
urgent
