dear sir,
we have a subsidiary comp in dubai in free zone. now what is the requirement of compnay law for audit and accounts of such subsidiary comp and procedure for their presentation in HO accounts.please reply clearly with no ambiguity.
sanjay gupta

A pvt ltd company say "XYZ" pvt ltd has changed into "ABC" pvt ltd on 31.08.2009. the name change process has been started after Jun.09 and completed on Aug.09. The PAN to be changed in the new name. now the query is :
1) the Balance sheet , profit & Loss a/c of 31.03.2009 is to be made in old or new name.
2) in filing of ITR whether to be filed in new name or old name
3) now, if you give the new CIN of company, it shows the new name of the company, but on 31.03.2009 if we write old name of the company , it will mismatch in ROc.
pl. advice.

Sir,
We have increased authorized share capital as on 25-Feb-2009 on Extra ordinary General Meeting from Rupees 5,00,000 (5,000 Equity Share of Rs. 50 Each) to 65,00,000 (65,000 Equity Shares of Rs. 100 each).But we have not Filled Form No 5 & Form No 23 till date.
So can you calculate the amount of Interest Payable & Calculation Technique.

In case of transfer of shares from a person outside to person in india by way of gift,is there any consideration involved???Is the person resident in India required to pay anything??

Plz suggest its very very urgent.


Rgds

Priya

hi friends,

can anybody provide me the resolution under section 212(8) of comapnies act, 1956 for the purpose of attaching the same with eform 23AAB. please ASAP as its quite urgent.

thanking you,

Shital
ACS

Prepference shares are to be redeemed either out of profit or out of fresh issue of shares. Can Prefence shares be redeemed in lieu of Preference shares i.e., by way of Journal entry in the books of accounts?

Hi,

We have a Private Ltd. Company and have few Investors in hand, who are ready to invest about Rs. 300 crores with us for a period of, say 15 to 20 Years. They are ready for even 0% OFCDs.

- We do not want to issue equity shares

- Pls. guide us on which instrument we should raise such capital

Whether we can raise 0% OFCDs (Optionally Fully Convertible Debentures) for a period of 15 to 20 years?

Suppose we issue preference shares, we have apprehension about:
1)dividend
2)maturity
3)redeemable / irredeemable

Is there any other instruments prevelant in the market to raise funds in large, scale, provided the investors are ready to place money.


Pls. consider this on priority

best regards,

Rajesh Pillai

Dear Sir / Madam

Please let me know that is it necessary to conduct EGM for taking out bonus issue.Cant we declare bonus issue in AGM which is conducted jst after balance sheet is signed i. e. ours balance sheet date is 09/09/2009. Also please let me know that cant we issue bonus shares if we havent mentioned anything in articles regarding bonus issue.

Dear Sirs / Madam,

As per section 78 of the Companies act share premium account can utilised only as per the act. but Want you to ask that Share Premium Amount lying with company can be utilised for expansion purpose or paying of day to day expenses also.

if not than what are the penalty proviosion related to them & to whom, if it is applicable.

A company is appointing its 1 new Director. This new proposed director does not own DIN. Now is it mandatory to fill DIN of the person while filing form 32 or company can first file form 32 and thereafter apply for DIN.?
Will it require some board resolution to appoint the director?