Hi,

A person moves to abroad for employment purposes, he was holding shares in Private Limited companies. Please advise for the following queries:
1. Can he continue to hold the shares in Indian Company.
2. Is there any liability on him to inform RBI regarding his holdings.
3. Do the companies, in which he held shares are required to intimate RBI on him becoming NRI. If yes, is there any requirement to file any form with RBI.
4. Out of the companies mentioned above one company also have foriegn shareholder, the company is now in process of filing RBI annual return - Assets and Liabilities, do the company required to show the shares held by NRI in "NRI" column, if yes than there will be a diiference when RBI cross checks the data with the form FC GPR already filed by the company. If it does not show the same than there will be wrong disclosure on the part of coampnay.

Please advise.

Regards,
Rashi Goyal

Hi,

Can anybody please tell me the procedure to be followed for the Trade Marks Registration for a Company.

Who is called as forgein national resident in india as per Fema Act...

the authorised capital of my company is as follows:
150000 equity sharesof Rs.2 each
100000 5% Non. cumulative Pref.Shares of Rs.2 each.

the company had issued 50000 pref. shares which was to be redeemed during march 2011.
The company doesnot have sufficient profits to redeem the same.
My query is whether the pref.shares due for redemption be converted into equity.What compliances are required for it.Also, if the above is converted into equity sh., the authorised capital of equity will increase.is reconstitution of authorised capital is possible.wat compliances are required.

We have got contributory pension scheme for our Employees where in the Employees contribute major portion to the fund. The purpose of the fund is to pay pension to Employees on retirement. Trust is created for Workers cadre and there is no trust for the Managerial cadre. The fund is managed by an Insurance Company. Now some of the Employees are demanding Loan from their Contribution to the fund as they are in urgent need of the money. The Insurance Company is not willing to pay the Loan. The issue has become an IR problem for the Company. Can any one guide us about the legal position in the matter, i.e. whether our Employees are right in demanding Loan from the Pension fund. Whether the Insurance Company is duty bound to pay the loan to our Employees from the fund since the fund is only managed by the Insurance Company on behalf of our Trust/ Company.

Dear Sir,
One of my client has availed External commercial Borrowing. Kindly send me format of Certificate to be issued by Chartered Accountants. Also, can company park the same amount in FD till the project is start or Utilisation of ECB?
Regards

Section 12 says that where the salary or wage of an employee exceeds 10000 per month,the bonus payable to such employee shall be calculated as if his salary/wage were 10000..

What i'm asking is that; Is this not contradictory to the "Eligibility for Bonus" that says- to be eligible for bonus, salary/wage of an employee should not exceed 10000 p.m ? if a person is getting sal/wage more than 10000 how can he be eligible to get bonus..please explain..

Thank you

Dear Sir,
Give me proceedure to get register home in the name of the present owner who purchase from owner who purchase home from the previous registerd owner. Still this home is registered in the name of the previous owner (registerd owner),person who purchase this home now he want to get register this home on his name but he dont know the registered person and dont know whether he may live or not on whose name this home is register.How can he get register his name.

Please give me kind reply.

waiting for your kind effort.

Thanking you,

Sir,
I want to know the existing rules on affixing revenue stamp. Is there any revenue stamp having face value of Rs.5/- and on which transactions it is to be used?

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