Hi members, an urgent query...who will deposit the subscribed capital amount of 1 share held by nominee (section 187), will it be deposited by the beneficial owner or the nominee? The company is a newly incorporate company and is the wholly owned subsidiary of another company (who is the beneficial owner)
Click here to view / answer Share it onCan you please clarify that Section 186 of CA 2013 and under linked Rules are applicable ONLY with Companies and not a partnership, LLP, etc
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Unable to interpret and understand difference in 52(2) and 52(3) of Companies Act,2013. Please share your views on the same
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Kindly confirm that :
MGT 14 is not required to be filed in case of EGM held for Special Resolution for an increase in borrowing powers exceeding Share capital & free reserves
EGM can be held at any place than Regd Office of the Company
This has reference to The Companies (Amendment) Act, 2019 promulgated on July 31, 2019. Section 7 of The Companies (Amendment) Act, 2019 is amended to require as following:
“(1A) In case of such class or classes of unlisted companies as may be prescribed, the securities shall be held or transferred only in dematerialised form in the manner laid down in the Depositories Act, 1996 and the regulations made thereunder.”.
Can anyone help if UNLISTED PRIVATE COMPANY needs to get its shares DEMAT is mandate in above section ?
Dear Friends,
This has reference to The Companies (Amendment) Act, 2019 promulgated on July 31, 2019. Section 7 of The Companies (Amendment) Act, 2019 is amended to require as following:
“(1A) In case of such class or classes of unlisted companies as may be prescribed, the securities shall be held or transferred only in dematerialised form in the manner laid down in the Depositories Act, 1996 and the regulations made thereunder.”.
Can anyone help if UNLISTED PRIVATE COMPANY needs to get its shares DEMAT is mandated in above section ?
Thanks
Please guide the procedure of incorporating Section 8 Company...
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Are the requirements of Section 119 for providing digital modes (suggested by aforesaid section) are applicable to an NBFC into lending business even if they are already providing digital modes i.e RTGS/IMPS/NEFT etc ?
As these modes of payment can be provided. Extract of the notification no 105/2019 and circular no 32/2019 dt 30.12.2019 In this regard, new Rule 119AA (Modes of payment for the purpose of Section 269SU) has been inserted in the Income-tax Rules, 1962. Rule119AA provides that the specified person shall provide the facility for accepting payment through following electronic modes, in addition to the facility for other electronic modes of payment, if any, being provided by such person, namely
(i) Debit Card powered by RuPay
(ii) Uni?ed Payments Interface (UPI) (BHIM-UPI); and
(iii) Uni?ed Payments Interface Quick ResponseCode (UPI QR Code) (BHIM-UPI QR Code.
What does Section 179(3) of the companies act specify?
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What does Section 179(3) of the companies act specify?
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Section 165(1) of Companies Act (2013) states no person can be a director in more than 20 companies or else a fine of Rs. 5,000/day is levied. In spite of it, Kumar Mangalam Birla is a director in more than 20 companies. What could be the reason?
Click here to view / answer Share it onFor compounding an offence made under section 134, we need to file an application with ROC in GNL-1, so do we need to file the petition in the same form or it will be filed later.
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