Can a private limited company accept loan from relatives of director.

Also, the can the loan amount exceed the authorized capital of the company ?

Can a private limited company take an interest free loan from the Director as per the Companies Act, 2013???

Please clarify.

I had file application for incorporation of section 8 company name as ROYAL COIN MICRO FINANCE..my company is Engaged in microfinance activities,providing credit not exceeding rs.50000 for a business enterprise and rs.125000 for meeting the cost of a dwelling unit to any poor person for enabling him to raise his level of income and standard of living.so thats why section 45-IA,45-IB, 45IC of RBI ACT 1934 not applicable to micro finance & section 8 compnies.and there is no reuirement of RBI approval is required in above business activities.

ROC has reject such name by stating reason that "With reference to MCA, FAQ 10, Finance activity is under regulatory control of RBI but para 14a is not selected as Yes and decleration about approval of regulator is not filled up. Accordingly the form is not proper As per rule 8(2)(b)(XIII) read with rule 8(2)(b)(III) of Companies Incorporation rules 2014 .Proposed names and object includes finance activity and these type of names are considerable on declaration according to rule 8(2)(b)xii read with rule 8(2)(b) iii of compnies incorporation rules 2014..accordingly please resubmit.

please suggest me path for dealing with this matter

Condonation of Delay scheme 2018 is a scheme available after a large number of representations filed by disqualified directors. This scheme is open for three months from 01 January 2018 to 31st March 2018 wherein DIN of disqualified directors will be activated to facilitate pending annual filing. In this video, learn how to take benefit of this scheme to avoid harsh penalties by the ministry in future.

https://www.youtube.com/watch?v=5psYigBgmX0&t=12s

What is the responsibility of auditor for reporting director disqualification u/.s 164(1) of Companies Act 2013??

Sir, in a private limited company if there is a property (immovable property like land and building) owned by the company and the company has given its shareholders the right to use and occupy this property vide a shareholding agreement, what is the procedure if the company now wants to sell this property?

Dear Experts,

The situation is as follows: the shares of a public limited company are 100% owned by non-resident companies. The non-resident shareholders are all part of the same group, which is now implementing an internal restructuration. One of the shareholders will incorporate a new non-resident entity and contribute to its share capital in kind with the shares of the Indian public limited.

Question: how to organize under the CA 2013 the transfer of shares by one shareholder to another against shares of a newly incorporated entity? Would it be treated like a normal share transfer in India (in which case, what to put as consideration on the share transfer form?) ?

Thanks for your help and your views!

Dear Fellow,
I case of filling a Casual vacancy arising due to Resignation, what is the right time to ask for NOC from outgoing Auditor by the Incoming Auditor?

1) Before giving Consent Letter and Certificate
or
2) After 1 but before Board meeting Appointing/Recommending theNew Auditor.
or
3) After2 but before receipt of Letter of Appointment approved by members in EGM.
or
4) After receipt of Letter of Appointment approved by members in EGM.

There are 10 Private Limited Companies registered in Delhi in which father, Mother and daughter are Directors and shareholders. Father and mother wants to transfer around 10,000 shares to their daughter. They want to transfer shares via Gift deed (consideration is nil) 1. Is stamp duty 0.25 % of total consideration will be payable on Share transfer deed..? 2. What amount of stamp paper is required for making gift deed..? 3. Is we have to calculate FMV as per income tax act..? {Fair market value of 10000 shares to be transferred in all 10 companies as per income tax is coming around 40 crore} 4. Is Registration of gift deed is mandatory ...? 5. Is stamp duty is payable for gift made to relatives as per 56(2)(vii) of I-T act ...? Thanks in advance.

What if my all directors are disqualified due to non filing of returns. How to remove disqualification and revive my company