The original share certificate of shareholders lost in transit while those certificates were sent by the RTA to the Company for Remat purpose. In such a situation, what is the procedure for issuing duplicate share certificates? Please help.
hello everyone,
ABC PVT. LTD having director Mr. A & Mr. B want to open another private ltd company XYZ pvt ltd whose director would be Mr. A & mr. B.
XYZ PVT LTD would be a 100 %subsidiary company of ABC PVT LTD.
i have following questions:
1. who will hold the share capital either ABC PVT LTD or mr. A & Mr. B.
2.If ABC PVT. ltd holds entire share capital then can MR. A & Mr. B be appointed as directors without having any shares ?
3. What extra care should be taken while filing various forms because i have not seen any option such as "SUBSIDIARY CO" in Form 1A.
waiting for your reply.
thanks in advance
abhipcc@rediffmail.com
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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.
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Issue of duplicate share certificate