CS Premjith
26 March 2012 at 15:57

Extension of financial year

Frdz,

Is e. Form 61 to be filed for extension of financial year from 12 to 15 months?

what is the procedure therein?

what will be the next financial year of the company?

will just a board resolution serve for the purpose?

Ref: 210(4) states that a financial year shall not exceed 15 months.


P.C. Joshi

Dear friends,

A private limited company wants to allot shars to its promoters to the tune of Rs 15 crores against unsecured loan provided by promoter to te company on various dates since 2000. As far as I know tehre is no restriction under the Companies Act to allot the sahres against unsecured loan. Pls confirm. Also I need a clarification of the following points.

1. Whether the shares allotted against unseucred loan to a promoter is treated as allotment against cash or allotment for consideration other than cash.

2. Whether the unsecured loan should be trabsferred to share application money and then allotment of shares should be made or straightaway we can allot the shares against insecured loan.

Looking for your promot response pls.

Thanks

P.C. Joshi


Pardeep Jain
26 March 2012 at 15:16

Depreciation

Can the company charge depreciation for the full month even if the additions is done on the last day of the month. Also can the company charge the depreciation for the full month even if the assets is sold on the 1st day of the month. It has been mentioned as the accounting policy of the company.

For Example - In case company purchase computer on 28th Sept than can the company charge the depreciation from 1st sept and if company sell any vehicle on 5th oct than can the company charge the depreciation for full month of oct.


Sweta Agarwal
26 March 2012 at 13:14

Main object of trading of company

I am incorporating a company and the main object of such company is trading of any types of goods, Recently company wants to act as distributor of any telecom company and later on it may deal in FMCG.

Can we mention following object or it should be specified?

"To carry on the business of buying, selling, reselling, importing, exporting, transporting, storing, developing, promoting, marketing or supplying, trading, dealing in any manner whatsoever in ALL TYPE of goods on retail as well as on wholesale basis in India or elsewhere."



Anonymous
26 March 2012 at 12:37

Creation and satisfactionof charge

Our Company was incorporated in the year 1998.

In records of MCA, i.e. in view index of charge, there are three charges out of which two are before the date of incorporation, which are not created by our Company.

Another one charge was created by our Company and duly satisfied for which form 17 was also filed.

At present there are no charges of the Company.

Shall our Company intimate to ROC for the rectification of their records? If we inform so to ROC, is there any chances for creation of the troubles for the Company?

Please guide us in the matter.






Anonymous
26 March 2012 at 12:36

Llp formation

i want to file form 2 for real estate llp, While filing of Form 2 how can i know 'Form of Contribution'.

second one how can i search that our partner is in which llp also playing roll of partner.

pls advice me soon.


RAM LAL
26 March 2012 at 12:02

Activation of a dormant company

Dear,

We have a dormant public company. And willing to convert into a Active company.

so, what will the procedure that i have to follow for activation of a dormant public company in terms of companies act, 1956 and any other applicable act.

Please provide me the detailed procedure for this.


Abhinav
25 March 2012 at 20:34

Director remuneration

1. a private limited company running from last 3 years in profit
2. Two directors are getting remuneration of Rs. 20 lacs approx.
3. Net profit after remuneration Rs. 6 lacs
4. Now they want to convert private limited into closely held public limited company
5. Can the directors continue their remuneration of Rs. 20 lacs with net profit after remuneration of Rs.6-10 lacs in closely held public limited company.



Anonymous
25 March 2012 at 15:31

Getting annual report from roc office

if one wants the detail financial record of particular compant .hoe to approach the ROC office?

is application is require to draft?
what is the fees to payable?

i have no idea about.
olease give guidence so that i able to get financial report like up to which period they filled annual report & director report.


shreya goyal
25 March 2012 at 14:48

Agm andadoption of annual accounts

hello...plz solve my this query(CA final)
In case AGM(for the year ended 31 march,2010) held on 30 april 2010 but accounts were not adopted.and it was adjourned,it held at 5 oct 2010 and accounts were adopted. by what time the accounts are required to filed with registrar ??
30 days + 30 april 2010 OR 30 days +30sept(time at which AGM ought to be HELD)

ALSO TELL IN case adjourned meeting held at 5 sept.2010(adoption done)..then by what time???30+ original AGM or adjourned AGM)






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