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

Hi there!
Can an LLP act as a holding company of private company?
Also, can an LLP act as a holding entity of another LLP?

Sir,
If a company has appointed new auditor against casual vacancy, then is there any way to file AOC-4 without filing ADT-1 by quoting a dummy SRN Number in the AOC-4 form?
Please do the needful
Regards,
Kiran

ABC PVT LTD (Holding Company) has given guarantee to bank for loan availed by its wholly owned foreign subsidiary .in this case charge creation under section 77 of companies act 2013 is necessary ?

was it necessary under companies act 1956?

Dear All Company had 2 directors ( A & B). Company appoint one additional director (C) on 21/02/2017. Company hold EGM and altered Name & MOA filed MGT 14. On 15/04/2017 A resign. On 15/05/2017 company appointed D as additional director. 20/05/2017 B resign. Now as from 20/05/2017 onward company had only two additional director. How company can hold AGM and pass resolution at AGM as additional director holds office till date of AGM. Please advise what is the best course of action.

While preparing financial statement of private limited company, whether LC and BG outstanding at year end should be shown in contingent liability. Suppose LC opened on 28th March, 2017 for 90 days, which is paid in time and before preparing financial statement. Should it be shown contingent liability ?

Whether Section 134(3)(m) READ WITH RULE 8 of COMPANIES (ACCOUNTS) RULES, 2014, on Conservation of Energy, Research and Development and Technology Absorption and Foreign Exchange earning and outgo is applicable to all kinds of private limited company like Trading, Service and Manufacturing or to only Manufacturing Company only.

Can anyone share extracts of rule or guidance note on same ?