i would like to know if there is any time limit on receipt of share application money from subscribers, as in, any max. time period within which subscribers must pay share app.money once Co. is incorporated?? kindly advise.

I have obtained the licence under section 8, but while filling the form INC-7 it gives us the message that please fill valid SRN for INC-1 (as the INC-1 SRN has expired the period of Sixty Days). Now my question is what are the options available to us when the period given after approval of INC-1 i.e. 60 Days has expired or how to proceed further ?

A private is engaged in west water treatment. company wants to take money from their proposed clients in form of nonrefundable deposit and issue them membership certificate. and then after they will serve only to the member on a chargeable basis.
The members will only be member and not shareholder.
My question is
1. Can Private company take such nonrefundable money in any form ?
2. Can Public company do the same?

The definitions under Rule 2(c) of the Companies (Acceptance of deposits) rules, 2014 specifically excludes amount received from any company from the purview of deposits vide sub-clause (vi). Under sub-clause (xii) of Rule 2(c), any amount received as an advance for supply of goods which has not been adjusted for a period of 365 days from the receipt of such advance is covered under the definition of deposits. Now, in a case where a company gives an advance to another company for supply of goods, would such transaction get covered under sub-clause (vi) and stands outside the ambit of deposits? or should that be seen with the conditions stipulated under sub-clause (xii)?

Dear Sir'Mam
as per sec 128 of companies act. 2013 company has keep its books at its registered office. please let me know even A pvt. Ltd company has to keep its books at itd registered office or pvt. companies are exempt form this provision?

Regards
Ashish Mehra

which document required to attach with CHG-8?

Whether the statement of accounts,affidavit, indemnity bond is to be prepared after passing special resolution or whether the statement of accounts need to be presented in the EGM(so that it should be dated after BR but before SR)?

Contribution towards trust which is owned by companies directors does it amounts to CSR Activity

Dear Sir,

I am a 50% parter of a LLP and due to some issues with my another 50% partner, I resigned by sending him a signed letter which he accepted by

sending me a signed letter. Now I have several question in my mind:

1) Is it the right way of resignation and acceptance?
2) In this case will LLP not get dissolved first?
3) Partner wrote me back that he is adding a new partner taking reference of clause "The LLP shall have perpetual succession, and the death, retirement or insolvency of any Partner shall not dissolve the LLP.” Is it possible as i am alive not retired and also not insolvent.
4) Partner is forcing me to submit the premises keys without giving the assets and libiabilites list and on which ground settle will be done. And asking me that you are not suppose to enter the premises as his personal belongins are there in the premises and are at risk if you come here.

I am bit confused. Is everything going in right direction? Please help

Hi Sirs,

I have an LLP client with one resident and one non-resident partners. Non-resident partners contribution is regulated by FEMA. It has to be made to a bank account only and necessary approval is also required. (This incorporation was not done by me) . Now the issue is they havent opened bank account as of 31st March 2017. And we cannot show the contribution from NR partner.

PLease help me clarify the following doubts

1) Is it possible that one partner can choose to not contribute in the incorporating year for an LLP?
2)As of 31st March, can I show the contribution from resident partner only and show the contribution from NR partner in 2017-18?
3) In Form 11 of LLP, total obligation is Rs 10000, (Rs 5000 each), and the total contribution recd will be only Rs 5000 right? Only the contribution from resident partner? And next year, it will be 10000 once we show contribution from NR partner also.