Naveen Reddy

Hi  Everyone ,

Pls advise on this. 
Is it compulsory to apppoint first auditors for Pvt Ltd Company in first board meeting by Board of Directors (within 30 dasy of incorporation) ? If not so , Can shareholders  appoint first auditors  ?  
Note : DIRECTORS AND SHAREHOLDERS ARE ONE AND THE SAME in above mentioned Pvt Ltd Company  ( There are 2 shareholders who are also directors).


MANIKA GUPTA
18 September 2018 at 19:42

Object clause for food franchisee

PLEASE PROVIDE THE OBJECT CLAUSE FOR COMPANIES WHO WANT TO START HOTEL BUSINESS & FOOD FRANCHISEE


CMA ASHISH CHAURASIA

A PVT LTD Co. has been incorporated in Aug 17 with a paid up share capital of 100000 but wrongly it was mention in RoC form as 1000000. How can it be corrected. If not how to resolve the situation. Sahreholder was not in position to introduce 10 lakhs. pls help



Anonymous
18 September 2018 at 10:50

Company incorporation

We are incorporating the new private limited company with 2 Directors (one director has already DIN and other director DIN is to applied in spice form)

One Director is associated with company which struck off by ROC in July 2018 but the status of DIN of Director is showing as approved despite it is disqualified.

Please tell the consequences for practising professional certifying spice form...?

Professional should certify form or not...?



Anonymous
18 September 2018 at 09:46

Failure to bring in subscription money

Hi
We incorporated a company in 2017 with an authorised capital of INR 5 Crores divided into a total of 50,000 shares of Rs 1000 each among 5 subscribers to the memorandum. Without good advice we proceeded by paying a huge fee as stamp duty. The subscribers have fully taken the shares ie 10,000 share per subscriber. We are not planning to bring in 5 crores as it is a new company. So far we have raised 1.75 crores as capital.
My question is, is it okay to treat the 1.75 crores as paid up and the rest as simply subscribed and not called. Will this scenario act against our favour when it comes to ROC filing.

Thanks



Anonymous
15 September 2018 at 10:04

Digital signature registration

I tried to register a DSC in MCA portal under 'authorised representative' on 13 th
September, 2018 . I need this registration to incorporate a Pvt Ltd company wherein
the two subscribers to the MOA/AOA have no DIN. But the registration failed and an
error message appeared as 'Instance belonging to object type Business Partner PS
could not be created'. Hosted grievance in MCA portal, raised query in this site as
well as in PDICAI site. No response so far.

So I tried once again this morning. Surprisingly, another message ( instead of the
one appeared on 13 th September, 2018) which reads as follows.
'Income tax PAN details do not exist in the system'

Solution sought from the members.



Anonymous
13 September 2018 at 21:02

Dir 3 kyc

DIR 3 KYC

1. what is difference between nationality and citizenship...?

2. if person is born in india, his nationality is indian even if he is holding foreign citizenship...?

3. A person having Overseas citizenship of india (OCI) card is considered as citizen of india...?

4. only in case of foreign nationals documents needs to be apostilled...? rest in all other cases self attestion is sufficient ...?



Anonymous
13 September 2018 at 17:29

Digital signature

I am trying to register a DSC in MCA portal under 'authorised representative'.
I need this registration to incorporate a Pvt Ltd company wherein the two
subscribers to the MOA/AOA have no DIN. But the registration failed and an
error message appeared as 'Instance belonging to object type Business Partner
PS could not be created'.
Please help.


S GHopalakrishnan

Pl. calculate Effective Capital of a private Limited company to fix MD remunerationbased on the following:
Paid Up Share Capital Rs. 11600000, Share Premium-1,44,00,000-Reserves & surplus excluding Revaluation Reserves: Rs. 36431768-Long Term Loans-Rs, 45,54,952


SREENATH P.
11 September 2018 at 16:23

Applicability of rule 9a

Dear Experts,

Whether recently introduced Rule 9A of Prospectus and allotment of Securities Rule, 2014 is applicable to NIDHI Companies?



Thanks in advance





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