Easy Office
LCI Learning


Meenakshi

Hi,

IF any company has passed a Board Resolution which says that the company has authorized following officials who are severally or jointly authorized to sign the documents related to loan provided by NBFC.

Then NBFC requires the KYC documents of all the persons whose names mentioned in BR or only that person who has signed the documents ??

Please clarify with reference.

Answer now

Ppk K

https://youtube.com/shorts/40Bzx00r-A8?si=s0bbDw85P_QNq77p

How can Sandeep Toshniwal hold board of 75 listed companies, when the maximum limit is 10 in case of public companies?

Answer now

Kavita R

What happens if a partner dies in a partnership firm, which is a member of the private limited company and that the partnership firm is reconstituted with new members do we have to issue a fresh certificate stating the new partners or just that replace the name of the deceased partner with the new partner. please advise urgently.

Thanks in advance.

Answer now

Jayalakshmi Ramasamy

Dear Sir/Madam,

Our Company XYZ PVT. LTD. is a private limited company having individuals, corporate body and partnership firm as members. Now one of the partners had died and we had re-consituted the new partnership firm with new partners. So how to go about for the transfer of shares in case of the company . Kindly advise if SH4 is required to be filed and the board resolution to be passed alongwith the stamp duty if any to be paid. Kindly advise with the procedure.

Thanks in advance.


Answer now

Ajani Denish
13 March 2024 at 17:59

Resubmission Query in INC 24

Respected Experts,

i have filed INC 24 and following resubmission asked by department "Certified true copy of the altered AOA & MOA duly highlighting all the alteration as proposed by the company along with proper dates and details of alterations at the footnote which is duly stamped and signed by authorized director in compliance of section 15 of the companies Act, 2013 with subscriber sheet. Make sure each page is signed by authorized director."

which doc. i need to submit to resolve this query ?
kindly guide me ASAP.
Thank you

Answer now

vijay

A Private Ltd is an Indian company of which 99.99 % shares are owned by a Singapore company name CS Pte Ltd, CS Pte Ltd wish to sell its entire holding in Indian company to its parents company GS Pte Ltd which is also registered in Singapore. Please advise the detailed procedure to be followed to achieve this transfer

Answer now

satyanarayana kothuri
06 March 2024 at 19:19

CSR LIABITY AND ITS Applicability

As our company made loss in financial year 2022-23 Rs. 2.29 crores but in financial years 2020-21 and 2021-22, company made a net profit of Rs. 7.90 crores and Rs. 9.73 crores respectively. During the previous financial year, we contributed for csr activities. Now in the current financial year, do we need to incur any amount under csr activities as per present companies act as we made average profit of more than rs. 5 crores in three previous financial years and also two times out of the last three previous financial years. pl clarify me.

Answer now

Nitesh kumar
02 March 2024 at 21:14

Branch address in ROC

There is a company whose register office if in Bihar and doing business of trading me medicine , Now they want to start a new business of event management and that also in Jharkhand. I have to alder Object clause, does I have to inform ROC for branch office? as I have apply for GST registration in Jharkhand for event management

Answer now

Neethu Therese

Can a Private Company pay Ex Gratia amounting to Rs.25 Lakhs to its director? The director is drawing salary from this company on monthly basis. What are the Income tax and Company Law implications in this case?

Answer now

Ajay S.Yadav
27 February 2024 at 13:33

CSR Non applicability.

One of My Clients had crossed the threshold limit of profits mentioned for the applicability of CSR as mentioned in sec 135 CSR, in the FY 2019-20
Hence CSR was applicable to my client for the
FY 20-21
FY 21-22
FY 22-23
And accordingly 2% of avg past 3 years profit was incurred for CSR Expenditure from FY 20-21 to FY 22-23.

Now the Client has not crossed any threshold limits as mentioned in section 135 of Companies Act 2013, from FY 20-21 , will the CSR provisions still apply to the client for the FY 23-24? Please response as per latest Law , Rules and Regulation.

Answer now