I could not understand the meaning of Line 3(Charge is satisfied in favour of assets reconstruction company (ARC) or Assignee) in Form 17 for statisfaction of charge. We had taken a loan from a bank and repaid the same to the bank. Now we need to file form 17 for clearance of charge. So I want to know whether line 3 should be marked as yes or no.
Please ans as it is really very urgent because we have to file the form within 3 days.

Will reimbursement of interenet connection charges at home to one of the executive whose remuneration is otherwise declared in directors report under section 217 (2A) would be considered for calculating remuneration. can it be avoided if payment is made directly to vendor.

please advice urgently

Query Regarding Form 25A : Proposal for Commission or remuneration to directors.

The public company is proposing to file Form 25A in connection with the ‘Proposal for Commission or remuneration to directors’.

As the company wishes to file Form 25A for two appointee directors :

Can we give particulars of one appointee director in the Form 25A ? and

details of second appointee director as Optional Attachment in the Form 25A ?

I noticed the following information in the ‘Instructions for filling of E-Form 25A’, which I am just reproducing (Refer Item No.8.(a)(i) to (ix)) :

Enter the details of proposed appointee (In case eForm is filed for more than one person then details of others can be provided through optional attachment)
In my case, there are two appointee directors for whom, the company is proposing to file Form 25A.

My query on the matter :

Can I provide the details of two appointee directors in one FORM 25A in the manner mentioned above ?

Looking forward to receive your early response on the matter.

Plz reply. If i want to incorporate a company with the name Sahyad Investec Pvt. Ltd. does i require approval/permission of RBI as it contains a word Investec.

Dear Members ,

Ref. to the subject , this is to inform you that I am working as a Head Operation in a HR Consulting Firm . We want to change our Old Chartered Accountant and we have already discussed with a new CA to whom we know personally .

But to start the work he( the New CA ) needs NOC from the Old Charterd Accountant .

But the Old CA is not issuing the NOC after a several request from our side. We have discussed with him , sent him mail , sent him request letter by courier also . But neither he is responding nor he is issuing .

Please advice . Its Urgent .

Thanks & Regards

B M Dash

can a limited company accept unsecured loan from its shareholders?

1)A private company can accepts loan from relative of directors but what when that relative is also an employee of the company?

2)we have to make them shareholders by transfering shares from directors to them:

(a) so transfer of shares would be from the date when company takes loan from relative of director?

(b) can shares be again transferred to directors when still that relative's loan exist and even he is in employment also??



Thanks & Regards
Vandana Kacholia

Can a public company which is not a listed company, cancel the share warrants?

Due to economic slowdown, the company worked only 3 days in a week whole of 2008-09.
1. Can the company charge proportionate depreciation?
2. Can that depreciation be less than that prescribed in the Sch XIV?
Thank you.

Mr. "X" is a director in a public listed company(Y), his wife is a director in another public limited company(Z) which is unlisted. There is a contract between these two companies. Mr."X" does not hold any shares in the other company(Z) where his wife is a director. Mrs.X(wife of X) holds shares in the company(Y) where Mr.X is a director.
Does it come under the purview of related party disclosure?
What would be the case if Z is private company?