A DIRECTOR WANTS TO TAKE LOAN FROM A PVT LTD COMPANY WHERE HE IS A DIRECTOR. IS THERE ANY RESTRICTION

QUESTION NO 2: CAN A DIRECTOR MAINTAIN A CURRENT A/C IN THE COMPANY WHERE IS A DIRECTOR (IE GIVING AND TAKING MONEY IN THE COMPANY)

My query is ,
(1)
Whether in the LLP, partners are agent & Principal of one another, means whether they are liable to each other for their own work in the faith of firm?
(2)
Whether LLP is liable to make their A/c's audited even if it's turnover is less than 10/40 lacs like a limited liability company?

When the company goes for preferential allotment is there any limit or percentage upto which a promoter/director of the company can subscribe to the shares

Hello,

Thanks for the reply. Can you please guide me through the procedure/ provisions of Chapter IX of companies Act 1956 whereby a partnership firm can be directly converted into a private limited company?

Thanks,

Alpa Doshi.






Hello,

I have a client which is a partnership firm. Now, they want the firm to be converted into a private limited company. This private limited company will take over the existing business of the pertnership firm and continue with the same setup.

Kindly guide me the procedure by which the exisitng partnership firm can be converted into the private limited company.

Thanking you in advance.

Regards,

Alpa Doshi.

Is the prosecution , for not filing annual accounts, B/s and Annual return applicable only to listed companies or all including unlisted and Private companies

My company is exempted from the attaching the balance sheet with the Holding company the details of and the BS and P&L of subsidiary
Is it exempted only to send the holding company balance sheet with out the subsidiary balance sheet or
even in filing with the ROC the subsidiary company balance sheets need not be filed

What is the remedy/Legal Implications for a company which has redmmed Debenturs & Pref.Shares without creation of CRR & DRR from auditor's poit of view

As per The Payment of Bonus act,1965., we have to compute gross profit and available surplus. How we have to compute it.
For computation of available surplus , we have to deduct income tax , depreciation as per income tax rule and other sums. Which amount is related to other sum.

If allocated bonus amount is mor than bonus payable , then what is rule of balance set on c/f .

Please help me asap.

A person when becomes a Director of the COmpany, though intially appointed as a Additional Director,when should din-2 and din-3 need to be filed.

Is the DIN form , formalities to be followed only by listed companies or by unlisted companies also

A pvt co. needs finance. Pvt. co. entered into a agreement with another company .

The financer will give finance to the company and he will subscribe company share capital up to amount which he has given finance.

Further, Promoter agrees to buy the shares for a specified period at a specified rate

The agreement provides that Financer will vote in AGM in favour of Promoter.

Whether this agreement is valid or not ?

Whether a pvt co. can allot his share as a security