Is there any restriction on a company for holding all Board Meetings abroad during the year?
There is no prohibition/restriction under the Companies Act, 2013 for receiving the subscription money in cash (i.e., not through account payee cheque or other banking channel).
However, the company and/or subscriber(s) has(ve) to comply with the provisions of the Income Tax Act, 1961 with regard to cash transaction.
2. Restriction on number of layers for certain classes of holding companies.
—(1) On and from the date of commencement of these rules, no company, other than a company belonging to a class specified in sub-rule (2), shall have more than two layers of subsidiaries:
Provided that the provisions of this sub-rule shall not affect a company from acquiring a company incorporated outside India with subsidiaries beyond two layers as per the laws of such country: Provided further that for computing the number of layers under this rule, one layer which consists of one or more wholly owned subsidiary or subsidiaries shall not be taken into account.
Can anyone explain how to determine 2 layers ?
Is there any law in India which allows or does not prohibit/restrict unlimited number of paid leaves to employees of an organisation?
What restriction has been placed in Companies Act 2013 related to dealing in Securities???Click here to view / answer Share it on
Are the provisions applicable to subsidiaries incorporated outside India ?Click here to view / answer Share it on
As per MCA vide its Notification1dated September 20, 2017 notified the Companies (Restriction on Number of Layers) Rules, 2017, Are the wholly owned subsidiaries even counted in the limits of a layer?Click here to view / answer Share it on
If a stock broking company wants to give the loan to another company whether stockbroker or another type of company out of its owned fund. Then there Is any restriction under SEBI Guidelines.Click here to view / answer Share it on
Compliance Calendar LLP is Recognised as Startup by DIPP Under Ministry of Commerce & Industry, Government of India