My Query is that if a director takes loan from the company, will this loan add in the Director's income?, pls clarify it

Dear Sir,

I have to make a payment of a Special Incentive to one of the Director(not a shareholder) of the company.
If the amount is exceeding the limits provided under Section I or Section II of part II of Sch XIII of the Companies Act, 1956.
Then what are the procedures to be followed for the payments of the same.

Dear All,

Good Afternoon,

1. Can a foreign national be appointed as a director in a property related company?

2. Whether LLP can become a shareholder of the above mentioned property related company? where the foreign national is holding majority of shares in LLP

Please advice

A public listed Company wants to reward its loyal shareholders, who have held the shares for a minimum period say 5 years, and not to those who have held it for lesser period.

Which financial instruments can be used for this purpose.

Is there any concept of loyalty coupon or can it do so by issuing convertible warrants to all the shareholders now, with a right of conversion to only those who hold the shares for at least 5 yuears from now.

My query is that if a director takes loan from company, is it mandatory to pay interest on that loan? if yes than what percentage of interest should director pay.

sir,

can anybody tell me what is the exact minimum authorised capital required for using word "india " in the mid of the name of a company.

I am little confused because as per Draft of the Companies (Name Availability) Rules, 2011 it is Rs. 25 Lacs whereas everybody is telling me for Rs. 5 Lakhs.

Thanks & Regards.

I WANT TO KNOW THAT THE PROCEDURE FOR ANNUAL FILING OF SECTION 25 COMPANY IS SAME LIKE ANY OTHER PRIVATE OR PUBLIC COMPANY OR THERE IS ANY DIFFERENCE IN THAT & IF THERE IS THEN WHAT ARE THOSE DIFFERENCES IN ANNUAL FILING.

is there any case law which says that section 297 applies on Immovable property????

Reply soon

My client deposited the Incorporation fees and stamp duty to the respective accounts through NEFT. While the chalan was an offline chalan. Therefore it could not be linked. So i tried generating NEFT chalan, but when trying to link the same the system prompts that the NEFT payment date cannot be earlier than the SRN date. Now MCA says that whole amount has to be deposited again and there is no refund mechanism available for NEFT payment!!

Request our fraternity to kindly advise on this issue and also request MCA to give solution in case such error occurs without loss to budding entreprenuers.

The company has following structure regarding capital in 2003:

Authorised Capital: 1 Lac
Paid Up Capital: 1 lac

Now the company increases its Paid up capital to Rs. 3,00,000 without increasing Authorised capital!!!

Later on company filed form 5 in 2005 increasing Authorised Capital to Rs. 5,00,000.!!! (from 2005 date)


What is the impact of this????

Can we do something to rectify this???