I want open a microfinance company in rajasthan where i register it
Whether ICFR is applicable to Private limited company having paid up share capital of Rs. 6,25,00,000
Please Reply ASAP.
One of the promoters have paid only 50% of the subscription he was liable to pay to the company as per MOA.
Although the shares had been transferred to his name in full despite this in good faith, later he had refused to pay this due, and he has now resigned and has been relieved of his role as promoter / director, and holds a minor residual number of shares of the company.
Is he legally liable to still owe the company the balance outstanding 50% of his subscription dues? And if so, in case he refuses to pay, what legal / criminal recourse does the company have to realize this from him?
Thanks in anticipation.
if a private company go for preferential issue of Equity shares U/s 62 (1) (c) read with Section 42 of CA 2013 to the existing 2 shareholders also a Director in the Company who jointly hold more than 30 % shares in the Company , How we can pass Special Resolution for issue of share to the existing members of the Company require voting percentage of 75% Can a interested Shareholders vote on a special resolution to whom propose share will be issue under preferential basis
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An existing proprietorship is to be converted into a Pvt Ltd Company.
What procedure should be followed?
Option 1: Float a new company and the new company take over the assets of he proprietorship , and then issue the shares to proprietor against the assets.
Option 2 : Float a company directly with the asset of proprietor and issue shares to the proprietor against those assets.
Further, existing capital of the proprietor is Rs 50 Lacs. What should be paid up capital of the company?
Is it possible to Keep the Share capital at Rs 5 Lacs and Security premium at Rs 45 Lacs?
Or is there any better alternate?
hi, is it possible to convert a society into a trust or section 8 company?
Could you please advise regarding the appointment as a Chairman. There are 3 directors in the company. One among them would like to be appoint as a Chairman, whereas the other one is not giving his consent for the same.
In this case what are the rights available to the first director who would like to be appoint as a chairman,
We are providing depreciation proportionate to usage in the year of purchase after working out the rate of dep according to the life of the asset. When we apply the same rate for the entire life of the asset under WDV method, we are getting residual value different from scrap value originally determined. So, how to adjust this differenc? Please explain.
I want to know that whether a single LLP can provide both trading and service activity and in that case how to mention the NIC code in incorporation form of the LLP
Can we point out two different NIC code OR
Need to write only one NIC code??
Thanks and regards
A PRIVATE LIMITED COMPANY RECEIVED A CHEQUE ON 28.03.2016 FROM MR. A FOR ALLOTMENT OF SHARES. BUT DUE TO OVERSIGHT THE CHEQUE COULD NOT BE DEPOSITED IN BANK SHARE APPLICATION MONEY ACCOUNT ON 28.03.2016.
THE CHEQUE IS DEPOSITED IN BANK ACCOUNT ON 22.04.2016 AND CLEARED ON THE SAME DAY.
SIR, CAN THE COMPANY ALLOT SHARES IN THE NAME OF MR. A AS ON 31.03.2016
SIR PLEASE GUIDE ME BECAUSE I AM TOO MUCH CONFUSED