Dear Friends,

Plz tell me is there any way out to avoid forfeiture of 10% upfront money deposited earlier in compliance with sebi Preferential allotment Guidelines as we are not able to convert warrants issued on preferential basis in to equity shares with in 18 months as required by sebi guidelines.

For your ready reference find below the extract of Preferential guideline:

Provision related to Currency of financial instruments

In case of warrants/ PCDs /FCDs/ or any other financial instruments with a provision of allotment of equity shares at a future date, either through conversion or otherwise, the currency of the instruments shall not exceed beyond 18 months from the date of issue of relevant instruments.
Regards

Can a Company secretary be appointed as the Whole time director of the same Company?

Company listed in BSE is require as per law head of finance is headed by CFO who is qualified chartered accountant.

can a Company appoint company secretary as General manger finance cum company secretary.

what happened if one of the dirctor dies before getting DIN No.

1. When is the subscriber to MOA liable to pay for the shares subscribed by him:
immediately on incorporation or they can pay later?

2. If a subscriber want to take less than the number of shares actually subscribed by him, Can the Company forfeit his shares and sold those share to another person?

3. As per sec 41 The subscribers of the memorandum of a company shall be deemed to have agreed to become members of a company, and on its registration, shall be entered as members in its register of members.
In the register therefore which date should be entered as the date of allotment: date of incorporation? (provided the company yet to receive payment from subscriber)

4. Based on the above case, what should be the time limit for issue of share certifcate: 3 mths from the date of incorporation or the date of receipt of payment?

1)Is any intimation is required by a 100% foreign owned company to RBI or any other authorities for any domestic loan raised from Indian directors, their relatives and other companies.
2) Pls also let us know whether a separate intimation is required to comply with FIPB norms, or ‘FCGPR’ & ‘KYC for UIN of RBI’ suffices the intimation requirements.
3) Any intimation/approvals required under Fema/ other Acts in respect of Foreign Nationals holding directorship in the company.

if a relative of a wholetime director appoints as a MD of the Company whether the provisions of sec. 314(1B) will be applicable or not????

Hi,

Can anyone give me the correct explanation of section 149(2A), 149(2B) of Companies Act, 1956?

Hi-,

What should be the date on letter of declaration u/s 274(1)(g) and 24AA. means begaing of the year, last date of previous year, last date of current financial year or after completion of current financial year.

Please advise.

Regards,
Mehul Dedhia
mehulddedhia2002@yahoo.com

Can Interim Dividend be paid after the closure of the financial year but before the finalization of the audited accounts by the statutory auditor and approval of audited results by the audit committee and by the Board of Directors