Dear Members,
Kindly guide..
We are in the process of closing a Section 8 Company, We understand that it needs to be converted into a Private/Public Limited Company for closure.
For that process, we require the following clarifications:
1) While converting a section 8 company to a private company for closure..can the reason for conversion be mentioned as "closure" in the explanatory statement to EGM notice?
2) Secondly, since it's for closure, what needs to be mentioned in the revised name and objects clause?
Thanks in advance, please guide.
Dear Friends,
In case of buy-back of a private limited company, is it mandatory to attach the valuation certificate along with SH-8/ 9?
Secondly, where there are foreign shareholders taking part in the buy-back do we have to file form FC-TRS with RBI
Dear Friends,
I need your inputs on the following:
1. Existing auditors completing 5 years term on the date of AGM - 30.06.2019.
2. Total tenure of their office is more than 10 years.
3. Section 139(2) w.r.t rotation of auditors was not applicable to them.
4. Currently, there is a chance that the borrowings may exceed 50 crore anytime during the year attracting Section 139(2).
5. Can existing auditors be appointed for another 5 years? As on the date of AGM Section 139(2) is not applicable.
6. What are the implications if the Section becomes applicable after reappointment for 5 years.? Can they continue for entire tenure?
7. Can they be appointed just for one year? I do not think so.
Thanks in advance
section
applicability
Dear Members,
Please Suggest me whether the Average Net Profit under Section 135(5) is Net profit before tax or Net profit after tax
IN REFERENCE TO MERGER UNDER SECTION 233-
We have to FILE CAA-9 & CAA-10 form as an attachment with the main form GNL-1???
M I Correct??
or how we have to file CAA-9 nd CAA-10 form with RoC??
As per section 124(6) all the shares in respect of which unpaid or unclaimed dividend has been transferred to Investor Education and Protection Fund shall also be transferred by the company to Investor Education and Protection Fund. Whether a shareholder can claim back the shares and whether he can attend a general meeting and give vote thereat.
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section
companies
fund
protection
shares
transferred
investor
education
Dear Colleague,
I am Proceeding for the incorporation of section 8 Company but while uploading the form, the error at MCA Portal is being Pop-up saying that INC 32 a is also to be accompanied as a linked Form a;long with Spice form.
However there has been no form like INC-32 a in Company Forms at MCA Portal.
Further i have also tried the same with the INC 35 Agile Form, the error at MCA portal is being pop-up that INC-32 (Spice Form) is to be filed individually in case of sec 8 Company.
Kindly suggest if anyone have solution or being facing the same Issue
what is the purpose of this section or is the purpose has been accomplished on filing DIR-12 relating to change in the directors?
Kindly share views.
section
Dear Members,
Please suggest me can a micro finance Company be incorporated under Section 8 Company?
Can a company registered under Section 8 merge with another
company with dissimilar objects?
in case of a Section 8 company, which is an WOS of foreigner company, can not even receive Subscription Money from its parent company without getting FCRA Licence. And obtaining FCRA license usually took more than a year...in this case how to proceed with this eform.
pls guide.
Regards,
Siddharth Mittal,
M Siddharth & Associates
(Company Secretaries)
Dear Members,
In a Lease Deed , the area of lease is defined as 50% of the total area but which 50% is not mentioned, i.e. 50% of front or 50% of back.
Is the Deed is voidable under section 20 as a matter of mistake of fact?
Please give your comments.
