Director of my company is also a director of foreign company which has a status of LLC as per US laws.Now we want to do business with that foreign company. Is section 297 applies here and is central govt approval required here.
Who can accept Public Deposits ? Where can I find complete procedure and formats for inviting public deposits by a public limited company(manufacturing)
What is the procedure to transfer shares from a non resident to a resident indian?
What are its implications on the following:
1. Companies Act, 1956
2. IncomeTax Act
3. FEMA
4. Stamp Act.
Sir,
I want to know that there is an existing Partnership Firm & another existing Company. Now the partners of the firm wants the firm to be merged with the Company so that the firm gets dissolved & there portion of Capital is invested in the Company. Can you please guide me with the procedure of the same?
Thanking you,
With Regards,
Subhendu Chakraborty.
Is it legally valid for a private limited company to accept the share application where the sum of such share application money and the paid up capital exceeds the authorised capital.
I think it is not legally valid. However I have seen many companies which have accepted share application money in excess of authorised capital of the company
I want to know the PRACTICAL procedure of voluntary liquidation of a pvt ltd co.as to what steps need to be taken. It would be better if anyone can provide me with a 'list of things to do' or a 'checklist' with comments.
Note : Please do not give theoretical views.
we have formed a pvt ltd company in india in which a company outside india is the shareholder now if we want to take loan from that company whether RBI permission is requred before bringing money or we can
inform RBI after funds are brought into india.
In one of the company, they make public issue in 1993-94. They put the application money in separate bank account in CENTRAL BANK. However, today they are a showing balance in that bank and application money refundable account eventhough more than 15 months passed.
However, as per section 205c of the companies act, it has to be transferred to INVESTOR PROTECTION FUND. The official of the company has told that CENTRAL BANK did not give any debit advise so they kept the account as it is.
However, I am not convenience with the answer and I think that amount has to be transferred to INVESTOR PROTECTION FUND. Give your valuable suggestions.
Regards,
Jigar
If any private company can take loan from the following persons is perimitted
1) Directors of the company
2) Any other persons
3) Registered Private money lenders
4) Relatives of director
If not permitted what wil be the effect of this transaction. Please advise me in detail.
Pls tell me whether it is require to pass ordinary resolution for reappointment of M.D. in private ltd.Co.? which ROC forms are required to submit for such reappointment?
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Sec-297 of company act