One of my client going to borrow some amount from a proprietorship firm, providing finance. My client is a pvt.ltd. company. My question is that whether the company can borrow from proprietorship firm without affecting the provision 58A if yes how to comply with that.
What are the procedure for such compliance.

CAN ANY ONE HELP ME FOR MAKING MOA AND AOA OF A NEW COMPANY...

Can any one give me the detailed procedure to increase the authorised capital of a private limited co. from 10 lacs to 50 lacs..?
Which are the forms to be filed with ROC & Other Documentation required, if any?

Thanks in Advance...

Our Director's father holding shares in the company had written in his WILL that a Private Trust shall be formed after his death to hold some of the shares held by him in the comapany.

Following are my two queries:
1. Can a trust be created based on the WILL after the daeth of the testator?
2. If yes, in that case who will be the settlor of that trust?

Thank You in advance.
Lalit Soman

Which is the e-form we need for filing the Statement in lieu of prospectus in Schedule 3 form.

Can anyone give a format of resolution to be passed for making allotment to a director of the company against the share application money he has provided.



Thanks in Advance

Gk

Hi,

Is this mandatory to provide payslips. If we don't issue the payslip to the employees, will this acquire any statutory compliane.

We do issue Form 16 for the staff annually and we get signatures for the salary credit in the register wherein the employees could be aware of the calculation.

If so, is it the task of an accounts team or hr. Kindly reply.

Regards
Samrat

Please clarify me the following doubts

1. Can a Public or Private company receive share capital (application, allotment) in HARD CASH (and not through Cheque).

2. If they have done so, and alloted the shares and issued share certificates, WHAT ARE THE CONSEQUENCES? Please give me relevent sections and penalties.

GIRISH

Dear Sir,
The Sec 599 of the companies act does not specify any limit for the penalty amount to be paid in case of default in filing the accounts,
but in the ROC's fee calculator the penalty for default does not exceed 1 lakh.
So is 1 lakh the maximum penalty amount? if So, which Act prescribes it?
Please help.....

Is it necessary for a pvt. ltd. company to file return of allottment of shares with mca?

Also what is the time limit for it from the date of receipt of subscription money?

Also when shares to the subscriber to moa has been allotted against the co. formation expenses incurred by it and the amount of expense is more than the minimum paid up capital of 1 lac mentioned in M&AOA, then for the amt in excess of 1 lac is it necessary to file form 2?

Can a ubscriber to the memorandum be allotted shares against the money he spent for formation of company? Expns will be shown under misc exp in balance sheet and corresponding entry will be in share capital a/c.

Please advise.