Dear members,

Kindly claarify me on the following:

A private limited co. is to be formed for the purpose of carrying on real estate business (construction of residential premises)in India? The company is to receive funds from abroad for the share capital. What formalities are there that we have to take care of for receiving such funds in a Pvt. Co as under FEMA, RBI & Cos Act?
Is the co. restricted from obtaining FDI for carrying on the above business?

regards

Raja rajeswari S

if company increased in autorised share capital than the explanatory statement u/s are required to annexed theirto

A Public (Unlisted) Company is alloting shares to its shareholders without any premium at a face value of Rs. 10 per share.At the same time the Company is also alloting the shares to a Private Company at a premium of Rs. 10 per share and at a face value is Rs. 10 per share.

My query is whether the allotment of shares to this Private Co. at premium will amount to preferential allotment or not??



Plz guide me.

Regards

Priya Sharma

Kindly advise the full section which narrates Related Party transactions under the Companies Act.

I wanted to know the obligations for the company as well as its Directors for Related Party transactions.

Thanks in advance.

A is a director in a limited company.

A is getting 'only' commission from the company.

Can we say that A is an Executive Director or a Non-Executive Director ?

(Is it that if a director gets remuneration by way of any kind shall be obviously considered as Non-Executive Director)

Experts' response awaited.

If a director of Public Co. is a member of Co-operative society also, whether section 299 will be applicable on him or not??

Dear All,

Please let me know the meaning of Associate Company. Is it covered under company law.

If a Director is common in two companies and holds less than 2% of the paid up share capital of either of the companies, then whether exemption under section 299(6) will be available or not?

Some companies, in their P&L Account, they show separately 'Audit Fees' and 'Professional fee - paid to Auditor'.

Query :

What should we mention in the field -'Payment of Auditors in Form 23ACA' -

whether we should give only 'AUDIT FEE' in the 'field - Payment of Auditors'

and

mention 'Professional fee - paid to Auditors' in the 'field - Other Expenditure' in Form 23ACA

or

combine these two amounts and mention in the 'field - Payment of Auditors'.

Dear Experts, Please confirm the appropriate method.

Thanks for everybody.

a private company when fail to comply with restrictive clause becomes a public company by default.
now some members of the company(minority members) wanted to convert the company in to public. but majority of members has not accepted. then those minority members (eg.directors) wantedly went against the restrictive clause (eg. taking public deposit, increasing members to more than 50) with out the knowledge other members and gave a coverage that it happened accidently but not intentionally.

then is company converted into public by default. if so, can members take any action against the directors. can the members convert the company in to private if the directors are not accepting