Suppose in Limited closely held company share application money is more than paid up share capital since from last so many years due to the reason that the company stopped its business since from last so many years and making statutory compliance like audit and submitting ROC and IT Returns regularly. The holders of Share Application Money are share holders of the company and company is not in a position to return share application money and on the other hand holders of share application money are demanding shares of the company and not their money.

The Directors wanted to write off share application money by issuing shares as per demand of holders of share application money.

Please explain the procedures as per law and suggest your expert opinion.

Is there any restriction under the Company Act of 2013 that CSR expenditures (2% of the average net profit of the last three financial years) be incurred within one financial year?

HI, I NEED UR ADVISE ON A PRIVATE LIMITED COMPANY WHOSE RETURNS OF LAST 10-12 YRS i.e. since incorporation ARE NOT FILED YET. THE COMPANY WAS GONE DORMANT IN BETWEEN BUT AFTER FILING THE REQUISITE FORM ITS ACTIVE AGAIN AS ON 08.08.2017. SO MY QUERY IS WHETHER THE FORMS TO BE FILED WOULD BE FORM 23AC,23ACA, 20B, 23B OR IT WILL BE THE LATEST FORMS LIKE AOC 4 AND MGT 7, WHICH IS UPDATED AS PER COMPANIES ACT, 2013. IS THERE ANY SPECIAL REQUIREMENT OR FORM WHICH I HAVE TO TAKE CARE OR FORM TO BE FILED...
ALSO I NEED ADVICE ON SUCH MATTER THAT I WANT TO REMOVE AN ADDITIONAL DIRECTOR BUT HE REFUSES TO RESIGN FROM DIRECTORSHIP SO WHETHER AN ADDITIONAL DIRECTOR COULD BE REMOVED WITHOUT HIS CONSENT. WHATS THE PROCEDURE. PLEASE ADVISE

DEAR EXPERTS..

I WOULD LIKE TO KNOW THAT WHEN WE FILE FORM 1 FOR FORMATION OF THE LLP TO AVAIL NAME IT SAYS THAT THE ACTIVITY IS FALLING UNDER NBFC AND WE NEED TO PROVIDE RBI IN PRINCIPAL APPROVAL FOR FILING FORM 2 FURTHER.

HOW THE IN PRINCIPAL APPROVAL OF THE RBI CAN BE OBTAINED AS THE FINAL APPROVAL/REGISTRATION WITH RBI FOR NBFC CAN BE OBTAINED ONLY AFTER INCORPORATION OF THE COMPANY/LLP.

ALSO IT SAYS TO HAVE NOF OF 2.00 CRORE IN THE LATEST AUDITED BALANCE SHEET. DOES IT MEAN THAT IT IS NOT NECESSARY TO HAVE CAPITAL OF 2.00 CRORE AT THE TIME OF FILING OF THE FORMS AND INCORPORATION?

PLS ADVISE AS SOON AS POSSIBLE
THANKS IN ADVANCE

please, send attachments for voluntary appointment of MD/WTD in pvt ltd company or Filed DIR-12 for reference.
npraofca@yahoo.com

Dear Experts,
one company was not made its balance sheet of march 2016 and now auditor has resign in march 2017.
Can new auditor sign balance sheet of march 2016 on April 2017.

Is delay in getting audit, will attract any penalty.

authorities who can issue solvency certificate?

professional tax is to be collected by state its not a central tax.my head office is in bangalore and payroll processed from headoffice in bangalore.we are having branches in different regions..states...do we need to pay profesdional at statewise in that region or we can deposit in head office following the karnataka state slab rate for all employees.

In a real estate Private limited Company , a person is appointed as a non-executive independent Director.
Whether Board of Directors can authorize him for signing and execution of Sale Deed of Properties of the Company?

Whether a public ltd company engaged in manufacturing of cement having turnover of around 500 Cr. ( domestic ) is required to prepare cost sheet of cement as well as clinker also ?