Can a private company take loans in cash from outsiders and as well from directors.

Hi Members

pls tell me the company incorporation propcedure??????



Regards

Gaurav Sharma

Dear Experts,

I would like to know that whether there is any limitation of time within which Allotment of Shares is to be made from the date of application of Shares. (i.e. whether we are required to allot shares within 30 days from the date of receipt of application).
Secondly, whether List of Allotees which is submitted alongwith Form 2 is required to be certified by CA or director etc.

Can anyone tell me whether Creditors of a Company include Share Application money.

What exactly constitutes Creditors under the Companies Act, 1956.

Manjunath V

Dear Experts,

A dirctor of a Pvt Ltd Co has provided Rs50lac(interest free ) loan to its company. So is section 301 of the compnies act applicable?
And how to disclose the same in the audit report.
If section 301 is not applicable then which section is attracted.

Thanks in advance

Hi, I have a very categorical query.

My boss holds 90% share in private ltd company. He is also a full time employee holding the CEO post in this company. He took a 10 yrs housing loan of 8lacs in Feb-2009, from this company. Cheque wa directly paid to the builder. This loan is being in continuation and paid in EMI every month by cheque. Now this year company is planning for regular dividend in excess of 10 lacs.

Now, my worries are:
1> Can his loan be question as deemed dividend under 2(22)(e)?
2> As a solution should this upcoming dividend be set off against balance/due loan amount?
3> Or Should this dividend be simply paid and he can repay his loan back to the company, using this amount.

Ideally looking at the complete scenario - what is the best way to plan tax, pay less possible tax only DDT? And what are the possible outcomes/consequences?

Please guide.

thanks
Vinay

we are having pvt.ltd.company which is providng service to client.Does it mandatory to disclose Gross Revenue less service tax on face of profit & Loss Account or it would be ok if we show only net on the face of profit & Loss A/c

A private company having full time secretary wants to appoint the secretary as Director of the company too. Can the company do so ? If he is appointed as Director what will be situation with respect to remuneration from the company in which he is a director and secretary ?

Hope the experts of this forum will be bale to help me on this please.
Details:-
One party is a Public Limited Company and the other is the SBI (acting as Debenture Trustee) having full powers to sell the Mortgaged premises.
Would like to know the Stamp Duty and Registration Fee in Chennai
I have also attached and highlighted the stamp duty for Tamil Nadu advise if this is correct Art 27 highlighted would like to know which value is correct.
Also pls to guide me to on Registration Fee in Tamil Nadu

Dear Expert,
One Foreign national wans to become director in Indian Pvt Ltd Company, she is Canadian national. She has Passport and Copy of Indian Origin Card on which only her name and date of birth is given, but father name and address is not given.

1)She has PAN card and joint bank account in India for her Indian Income, Can we attach copy of PAN card as a proof of Identity and copy of bank statement as a proof of address to get DIN?
2)If the Canadian proof of Identity and address is required to be given then what documents we can enclose?
4) Can a present director of Indian company in which she wants to become director attest the photograph and documents to be enclosed. Please Guide?