Sir Please Help me.........

Can a company take loan of rs 110 lakh(1Crore 10 lakh) ?

the Autorised Capital of the Company 10lakh.

Actually Dis is a new Company with Authorised Capital of 10 lakh , the Company wants to purchase a Land of Value Rs 1 Crore 20 Lakh..... Can Company take loan of Rs1Crore 10 lakh From Directors . Please Suggest Me.....

If Yes then what is the procedure .?

Chandan Kumar Shaw (CA final student)

Dear Sir,
What are the procedures Should be followed if the Company fails to file the Form 17 with in Due Date?
i.e. What are procedures to be followed with CLB regarding Condonation?


Regards,
S.Jegadeesan

Dear Members

Can any one provide me the main object of Meusums, Adventure Sports , Night clubs and Amusement Parks


Regards
Neha Arora

dear sir/madam,

my co. name is rohan dyes & intermediates limited, i want to start with the business included in my other objects of moa, as far as i knw i have to do the following:
(1) pass spl resolution with explanatory statment in board meeting....&
(2)file form 23
correct me if i m wrong????&
pls provide me the format of spl resolution with exp statment its realy urgent

pls help....

regards

tanveer ahuja

Dear all experts,

We are in receipt of a Notice From MCA under section 210/220. We are in the process of Filing of our Annual Accounts. Please send me a Specimen Reply for the same.

An early to the matter is highly appreciated.


Thanks.

Dear All,

One of client (P) Ltd. Company sold one of his business to some one, is it necessary to obtain the approval of Shareholders if the Articles of Association is silent on the issue.

Please suggest, its urgent

Recently i hvae incorporated a private company. please send a formate of board minute book. My E-mail ID is cakaish@gmail.com

Dear all,

Please provide me theory and provisions regarding unlimited and guarantee company and

Are unlimited and guarantee companies more convenient vehicles for growth over limited companies. (Any Examples)


Thanking You

Co has received a sanction proposal from Bank which includes the following:

Cash Credit: 8.25 cr
LC : 7.00 cr
BG : 0.20 cr
FC/Derivative: 0.24 cr
Term Loan: 6.90 cr

Out of the Term Loan of 6.90 cr, 5.05 cr has already been availed as on 30th Sept.
The repayment of the term loan shall start from April, 2012. However, we have been paying the monthly interest for the same.

As on 30th Sept, 2011 our paid up capital is 4.98 Cr, Rev Reserve: 0.39 Cr, P/L: 2.05 Cr, all totalling to 7.42 Cr.

As on 30th Sept, The balance sheet shows Unsecured Int free loan of 2.58 Cr from promoter. Also theres a car loan of 0.04 Cr.

Please advise on the following points:
1) If i avail the facilities sanctioned, whether i count on the limits as on the last limited reviewed result i.e. as on 30th Sept, 2011, or as per last audited result i.e. 31st March, 2011 or on a current date.

2) Whether int o/s on term loan should be counted for the purpose of calulating limits under 293(1)(d) of cos act

3) whether the int free loan from promoters be treated under the above stated section? This loan is in compliance with a condition from the bank that we have to bring in a portion from promoters as our contribution to equity.

4) whether the Co. can take shelter within the limiting factor of sec 293(1)(d)?

Theres no resolution passed in the general meeting for excess borrowing.

need an early reply...

Thanks...

As section 161(2) says that There shall also be filed with the Registrar along with the return a certificate signed by the signatories of the return.

In case of resign by MD, whom to sign Annual return on e-filing ?