A newly incorporated public company has issued share warrant but is not accordance with section 114 & 115 of the Company act, Actually the company has violated company Act fully. But Statutory audit was not able to find out that there is violation of the act & he gives the report in the Form 22 and shows that the company has issued Convertible warrant.
Could you clarify , how the statutory auditor resolved this mistake.
ITs URGENT

Plz guide me..

" How to alter the Articles of a private company to include a clause relating to appointment of Managing director?"

while filing Form 17, under the column of charge creation Id, which Id should be given, charge creation id or modification id because its only after giving modification id that all the columns are prefilled like that of date of creation of charge and date of last modified.

Dear Sir,

What are the steps, process & forms for incorporation of 100% foreign wholly owned pvt ltd company in India?

Moreover Sir, since the promoter is a foreign company, who will be the applicant for Form 1A (Name Approval)?

Can we form a 100% foreign wholly owned company in India with all directors and shareholders not an Indian Resident/citizen?

Is Private ltd.company required board resolution for sale of machinery? If required under which section of comapny act.

Sir,

if public company gives loan to one of its group company which is under the same management and directors hold more than 25% voting power in both the companies whether section 295 of the companies act is applicable or we need to see only section 372A as it is of exclusive proviso for inter corporate loan.

Kindly suggest me the course of action to be taken in this regard for the loan made without approval of government and kinldy suggest me the case law if any on this .

Sir,

We are a private limited company. We would like to know what are the formalities of transfer of shares under the companies act and rules thereunder along with time limits thereof.

Thanks.

can a company give loan to its director?

Hello everyone,

Mr.A is very simple man and he trust people very easily. He had rs.10 lacs and wanted to invest it in business. In his building Mr.B was staying for 4 years on rental basis. There used to be formal hi hello and they became friends.

Mr. A told Mr. B about his plans. Mr. B advised him to start garments business. Mr. A immediately agreed. Mr. A paid deposit of shop rs.100000 from his a/c. then Mr. B asked mr A that he also want to get involved in this business. Mr.A told him to take him as partner with 25% share but Mr. B asked for 50% share and mr. A agreed. Mr. B told that he wont bring a single penny.

I have prepared the partnership deed and showed that capital as rs.1 lacs entirely contributed by Mr.A.

within 3 months Mr.A has incurred rs.11 lacs including shop deposit for the business.

Mr. A came to me and told me that he think that he has taken the wrong decision and he may close the partnership in november/december. Mr. B is unaware about all this. He is worrying that on dissolution Mr. B might ask his share of from the assets(furniture/cloths/deposits/ac/pc etc) of the firm since most of the payments were made in cash.

He told me to prepare a documents in which Mr. B will sign that entire assets of the firm belongs to Mr. A and He does not have any right to it except share of profit.

I need the opinion of experts regarding how to preapre the same and what are the formalities required ?

If a Pvt Ltd company recieves share application money.. Is there any deadline within which the share should be alloted.


Secondly, is there any deadline to file Form 5 after allotement of shares