a director of private limited company uses the money of the company for his personal expenses and shows it as the expenditure incurred by the company under different expenditure head. can the amount used for his personal expenses can be shown as drawings made by the directors as in the case of proprietorship concern. otherwise what would be the alternative to shown such amount used in the company account books

Dear All

Mr. X want to resign from the post of director from ABC Ltd..Can Mr. X write a letter to ROC directly related to his resign which he submitted to company as because company is not filing his form - 32, at all.

Can anybody provide what is required to be mentioned in the letter??

Please guide

Thanks

Hi....

can anyone provide me the resolution for filing of form 8 with ROC

The other details for the same is here below

CC with ABC Bank & charge is created as below....

Agreement for Hypothecation of Movable property (Amount Secured Rs1,31,00,000/-)

Can Anyone please provide me with a specimen of Board Resolution for Vehicle Loan

please send me audit acceptance letter format . please do this.

I just wanted to know if Partnerships can issue commercial paper because if i go by the RBI definition it says


Who can issue commercial paper

• Corporates, primary dealers (PDs) and satellite dealers (SDs), and the all-India financial institutions (FIs) that have been permitted to raise short-term resources under the umbrella limit fixed by Reserve Bank of India are eligible to issue CP.
• A corporate would be eligible to issue CP provided –
• the tangible net worth of the company, as per the latest audited balance sheet, is not less than Rs. 4 crore;
• company has been sanctioned working capital limit by bank/s or all-India financial institution/s; and
• the borrowal account of the company is classified as a Standard Asset by the financing bank/s/ institution/s.

A partnership meeting all these three criteria, can it issue commercial paper

Transaction between 2 Private Limited Companies.

1) Guarantee Commission for loan facility availed by one company and other company is guarantor.

2) One Director is common (becomes related party transaction)

3) The company who is taking loan is having share capital below 1 Crore and Guarantor company share capital is above 1 Crore

We have a query whether approval from RD will be required for above transaction.

Can any 1 tell me what are the Statutory & Legal requirements for opening of branch office in different State of India By an Indian Company.

Hi,
Can someone advise if it is ok for a Pvt.Ltd.Company to accept a loan(account payee cheque only) from one of its directors ?

Kindly advise ?

Thank you.

Gireesh

A Pvt. Company holds 100 % shares in its subsidiary. Except one share all the shares are held by the Company and one is held by its nominee. Subsequently the nominee changes.

Please advice whether there is need to execute transfer deed and print share certificate for the new nominee?