Hello Professionals!!
As per section 164(2)(a), no person who is or has been a director of a
company which has not filed financial statements or annual returns for any continuous period of three financial years shall be eligible to be re-appointed as a director of that company or appointed in other company for a period of five years from the date on which the said company fails to do so. Under the 1956 Act, such disqualification was with respect to non-filing of annual accounts or annual returns of a public company. In case, all the directors disqualify, how the company would function. Some time period needs to be given to regularize the default.
Hello Everyone,
Which assets shall not be used for recovery in liquidation?
liquidation
recovery
used
shall
assets
Hello Everyone
In case the subscriber to the memorandum is a foreign national
residing outside India, his signatures and address, etc. shall be
witnessed by a Notary Public/Embassy/Consulate offices of
Embassies as per the Rule 13 of the Companies (Incorporation)
Rules, 2014. In such cases, how can the DSC of such a witness
be affixed?
Hello Professionals
How many OPCs can be incorporated by a person or in how
many OPCs, he shall be eligible to be a nominee?
Under Companies Act 2013, Following class of public companies shall have at least 2
Independent Directors:
? Public company having paid?up share capital of Rs. 10 Crore or
more;
? Public company having turnover of Rs. 100 Crore or more;
? Public company having aggregate outstanding loan,
debentures and deposits exceeding Rs. 50 Crore.
In case of Private Comp[any which is WOS of limited Company that comp[any also need to be appoint the Independent Director in the Board ?
Fresh notification on MCA portal:
"CFSS-2020 Form shall be available for filing as eForm w.e.f 16th January 2021. Stakeholders may please take note and plan accordingly."
What it means?
Does it means CFSS extension??
Please clarify..
Thanks
Fresh notification on MCA portal:
"CFSS-2020 Form shall be available for filing as eForm w.e.f 16th January 2021. Stakeholders may please take note and plan accordingly."
What it means?
Does it means CFSS extension??
Please clarify..
Thanks
Who shall be LLP Liquidator if both partners and creditors nominate different LLP Liquidators?
Click here to view / answer Share it onliquidator
shall
Who shall be considered as a promoter according to the definition given in the Companies Act, 2013, and why?
Click here to view / answer Share it onpromoter
considered
shall
Ankit Ltd. is a Reporting Company, where in AFSL Ltd is holding 18% shares in reporting company.
now while checking the majority shareholding in AFSL Ltd. we found:-
Individual Holding along with PAC (through relatives) is 35% only i.e below 51%
but there is a Another company Prix ltd. holding 44% Shares in AFSL Ltd. (Note Prix Ltd is a group companies closely held by promoters of Ankit Ltd)
should we consider Indivual +PAC + PRix Ltd. holding for considering majority holding in AFSL Ltd. for considering SBO?
THROUGH THE PROVISION SAYS THAT INDIVIDUALS WHO ARE HOLDING MAJORITY SHALL BE SBO.
