As per the Fast Track Exit scheme, it requires a balance sheet with NIL aaset and liabilities. I do not understand how will their be a NIL balance sheet.. if there will be share capital atleast there should be an Asset too...
if any body have a NIL balance sheet for this scheme.. please attach here for my reference..
And if someone says that there wont even be sharecapital, then how could it be possible unless the company is striked off.

Dear Friends / Experts,

Can someone please let me know, what document / resolution is required to be attached in Form DIR-12 for ‘Vacation of Office u/s 167’?

Your reply, please..............

Thanks in advance for possible replies from all concerned.

Dear Experts,

please clear the confusion relating to table A of Schedule V of section 196 and 197 of Companies Act, 2013.
in our companies case:
in Schedule V of table A, if companies profit is inadequate, Company can give 42 lakh Remuneration to its Managing director, double the limit after shareholders approval.

my question is whether this limit applicable only to Managing director only or other Whole time director and Managing Director??

Dear Ankit Sir,


If NED is absent form consecutively Two\ four Board Meeting during the year, then also he liable to vacant the office??

In how much time company has to receive subscription money from the the subscribers as per Companies Act, 2013? I believe there is no time period for it, however company has to issue share certificates within 2 months from the date of incorporation.

I want to know the procedure and documents required for takeover of proprietary firm by existing pvt ltd company. what are the complainces required for the same. kindly reply asap.

Dear Experts,

If a Non- Executive Director of Limited Company absent form board Meetings during the year, with valid grant of Leave from Board of Director, Whether he is liable to vacate his Office??

Is there any restriction for a loss making company on issue of further right shares at face value????????.....as i know a loss making company can't issue Shares at Premium without valuation certificate...
Please revert back if know the solution.....

Dear Experts,

kindly guide on the following matter.

One Limited Company wants to donate to Federation of Industries can its come u\s 181 of Companies Act, 2013??

and another Question is if Limited Company buy milk from its one welfare Community, whom company give a donation, and Donate the milk to Other community and get valid receipt for donation from the Community??

Can Company do this as per section 181 of Companies act,2013 without limit??

My Parents holds shares worth Rs10000 (Rs5000 each) in a PRIVATE COMPANY carrying business of cotton mill. The Board of Directors without their KNOWLEDGE SOLD the mill. Whether my parents continue to be Shareholders. PLEASE provide the rights of the SHAREHOLDERS in this case.