Dear Friends
Can a company accept an unsecured loan from a person registered under the Money Lenders Act of the State. The acceptance of money, payment of interest, tds, repayment
and every thing is through bank.
Dear All,
A Private limited company wants to apply for voluntary strike-off. Please let me know how to prepare a NIL statement of account in case of the following scenario;
1. Paid up capital- Rs. 5,00,000/-
2. Reserves- Rs. 95,00,000/-
3. Unsecured Loan- Rs. 90,00,000/-
4. Brought forward losses- Rs. 85,00,000/-
5. MAT Losses- Rs. 25,00,000/-
6. MAT Credit Entitlement- Rs. 3,00,000/-
Thanks & Regards,
Dear Members,
If a private limited company accepted an unsecured Loan in 2019 from a person who is not a shareholder/director/relative then what would be the possible consequences of the same?
Whether is it allowed to accept Unsecured Loan in indian Rupees from NRI Director through his NRO Bank Account by Indian Private Limited Company.
If yes then are there any RBI related compliance required to comply before/ after accepting loan.
Members please guide. Thank you in advance.
Dear Members, Anyone have issued unsecured non-convertible debentures for a pvt co? What is the procedure?
debentures
convertible
unsecured
issue
private
In case of pvt ltd company, is it necessary to pass special resolution in general meeting while conversion of unsecured loan into equity share capital.
equity
loan
unsecured
conversion
Kindly suggest the max limit to accept unsecured loan from members of unlisted public ltd company . whether 10% of PU+ FR+SP or 35% . DPT 1 to be attached to which form while filing with MCA
A private company as well as public company can issue secured and unsecured debenture to his existing shareholder and debenture holder on right basis through only call board meeting.
Dear Friends,
Can a Private Limited avail unsecured loan from its Director with a condition of sharing certain percentage of profit.
A pvt. ltd purchased a land from B ltd. which had Mr. D as common director.
Now instead of paying B ltd for land Mr. D (having an unsecured loan on B Ltd.) transferred his existing unsecured loan from B ltd. to A pvt. ltd. thereby paying B ltd. against the Land. this transaction is dated 26/03/2019.
Current situation is: an unsecured loan is in the books of A private ltd. by Director who is also a shareholder.
Please guide on the Compliance part being a Private Limited Company its an urgent query.
shareholder
also
director
loan
unsecured
Dear Friends
Have a query
A private company has taken unsecured loans from one of its Director and one Shareholder.
Now in this case wanted to understand the compliance process
Can anyone please guide me on the compliance and the documents needed
Thanks
Regards
CS Kavita Padia
The case is somewhat like this: 1. The Directors gave a loan to the company in an unsecured manner- 2. company bought property in its own name and in the balance sheet the loan stood as an unsecured loan from directors. 3. now the company is willing to transfer the property in the name of the directors and a corresponding effect is to write off the amount of loan to the tune of the value of the property, let suppose the value is Rs. 10/- and loan standing is Rs. 15 then Rs. 5/- be left as unsecured loan amount and property be transferred. Thanks for the valuable suggestion Curtsy: Ashutosh Sharma
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