On conversion of a Unlisted Public Limited Company into an LLP, all the shareholders of the Co. become Partners in the new LLP.
My query is that at the time of executing the LLP Agreement who need to sign the Agreement?
(Please note that here the no. of shareholders turned partners may be in hundreds.)
Further, what will happen if one of the shareholders refuse to sign the Agreement or participate in the new LLP.
Thanks & Regards
CS Rishi Vyas
cn any one provide me the format of resolution of registration of NBFC with RBI.
its urgent.tks in advance
what is the difference between shareholder, member and subscriber.
tks in advance
Can anybody please exlpain me Section 349 of Companies Act
Thank You ver much Ankur
Sir.It was of a great help to me.
But I went through the help kit of form 24A, it emphasises on annexing
the
(1)Copy of agreement containing particulars of contract.
(2) Copy of board resolution and proceedings of meeting.
(3) Detailed application should be filed as an optional attachment containing details relating to the following;
(a) Whether the terms of the contract conform to the prevailing market rates.
(b) Whether the company has entered into any contract with any other person in respect of sale, purchase or supply of the same kind of goods, materials or services and whether the terms of such contract are similar to the terms of the proposed contract(s). Reasons for variation in rates, if any should be indicated
But it is not asking for the:-
(4) Certified copy of the latest amended Memorandum and Articles of Association;
(5) Certified copy of the audited Balance Sheet and Profit & Loss Account for a last three years;
Should I still attach it to the form Sir??
Rgds
Priya Sharma
What is the procedure for filing of form 24A under sec 297(Related Party Transactions), where the paid up capital of he Company is RS. 1 crore??
Is it necessary to file form 23 also??
While uploading form 24A at MCA portal, does it gets submitted with ROC or RD??
Please advise urgently.
Thanks &Regards
Priya Sharma
Is there any limit fixed by RBI w.r.t. quantum of loan for retail loans by banks like Houisng loan to an individual not to exceed certain limit etc. Can a bank book a property loan of rs.5 crores given to an individual in retail portfolio, as per RBI guidelines? ( comment on segment reporting by a banker)
Whether bank overdraft should be disclosed under current liabilities or secured loan in balance sheet prepared under companies act 1956
What is the time limit to allot share out of share application money in the balance sheet.
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