Hi..

The limit of acceptance of deposit for a non-eligible company (as per the Companies Act, 2013) is 25% of aggregate of paid-up share capital and free reserves.

Is this limit only for acceptances from members? Or is it inclusive of acceptances from directors as well?

If the specified limit is only for acceptances from members, then what about acceptances from directors? Isn't there any limit as such?

Please guide.

Thanks in advance

Dear all,

As per the Companies Act, 2013, companies are required to repay the deposits outstanding in their books within specified time.

If such repayment is not done within time limit, what is the penalty for non-compliance?

I got to know that the penalty has been revised and shall be charged with regards to the size of the companies (viz. small, medium and large).

Is that true? If yes, please let me know the revised penalty.

Dear all,

From whom is a company eligible to borrow loans and deposits?

What is the specified limit of such acceptance as per the new companies act?

What are the terms for repayment?

And what are the consequences if not repaid within time limit?

Please guide.

dear sir,
as per companies act 2013,is relative of director is eligible to take a loan from company? if yes/no please provide explanation with section.

please reply me soon....

thanking you sir.

My question is that when a sole trader turns into a company with a separate address. Is it necessary that the contracts entered by the old firm needs to be revised by the new name & Address??

Hello Sir

I am a Accountant in a Company I come to know that I had transferred the excess salary amount in our a Company Employees Bank Account when he leaved the office, now we want to refund the amount but he refused to refund the excess amount, In this Situation what can I do and how can I refund it. Please help.

Thanks & regards
Sunil K Singh

Dear Sir,

Please advice me on my issue.

I have one Firm and having 5 partners and firm now decided to give their building for lease rentals to different shops.

Now my query is while drafting lease agreement, whether we need to draft in the name of Firm and representing firm by any one active partner name is enough

or

we have to mention the Firm name and down we need to write all partners and their address in "LESSOR" column

which correct as per legally. please advice on this issue.

In addition to this, please share if any draft copy of shoppes lease rental agreement documents by Firms


Thank you very much for your help.


Regards
Roja.M

as per sec 149 (6) none of whose relatives has or had pecuniary relationship or transaction with the
company, its holding, subsidiary or associate company, or their promoters, or
directors, amounting to two per cent. or more of its gross turnover or total income or
fifty lakh rupees or such higher amount as may be prescribed, whichever is lower,
during the two immediately preceding financial years or during the current financial
year;
here 2% of turnover or total income means turnover or total income of company or relative

I will be giving my 3rd attempt in may.... in last two attempt I failed because of law..infact in both the attempts law hi mera sabse accha paper gaya tha.....plz I request u all to suggest me how to study law. am not getting what to do.

We are working in a proprietorship firm and from this april we are going for pvt ltd company so my question is for pvt ltd firm ESI/PF deduction is compulsory or not