Can any one please help me to solve this.
Case:
AB Pvt. Ltd company is owned by 2 family groups.
A & Family Group: 76% Shareholding
B & Family group: 24% shareholding
AB Pvt. Ltd company having Plastic film manufacturing business with plant, machine, workers, bank loans .
But over the time business is incurring losses because of ignorance by senior management.
Promoter & Directors of Family A and B are blaming each other for the ignorance. There is no proper control of on management.
To get rid of this Group A family (76%) wants to sell the Pvt Co. to C & family (Third party)
Third party C & family is established one and is in the same line of business for years and can very well take care of this business to safeguard interest of its employees and other stakeholders.
Third party C & family wants 100% control over company to run business smoothly with proper control.
But B family group is opposing and they are not willing to sell their 24% shares.
A & Family is a genuine and wants to handover business in proper hands.
But Family B is deliberately wants deal not to happen due to family rivalry.
What is remedy for A group to sell the Business (100% shares and other assets and liabilities) to Mr. C & Group (Third party)
Kindly advice what remedy A & Group have.
Is PAS 3 form is to file for allotment of shares to the subscribers of memorandum?? Further if yes within how many days allotment has to be done??
Dear expert,
I want to apply for director identification number(DIN)
For LLP incorporation. 1)Is DIN application require affidavit if yes then whether it is to be notarized and what will be the charges. 2)Also is DIN affidavit is to be uploaded along with din application form DIR3.
3) Is all supporting documents are to be submitted phisically to mca mumbai and 4)when approved din will be received and if provisional din is generated can it be used for llp incorporation.
ADT-1 NOT FILED FOR FY 2014-15
NOW AOC-4 ASKING FOR ADT-1 SRN
WHAT TO DO?
Dear Experts,
Private Limited Company is not required to have a CFO.
However, Board has appointed the CFO.
Will we require to file the MR-1 for such an appointment?
Will only such an CFO can sign financials, whose appointment has been intimated to the ROC, or any person designated as the CFO by company internally can sign the Financials as per Section 134.?
Dear Experts,
As per the Companies Act, 2013, there is no requirement of appointing CFO, or MD or WTD in private Cos.
Still, many companies do so, and also file the appointment in the ROC, and follow procedure under Section 196 (like term of appointment 5 years, approval by members at subsequent general meeting etc.)
Why is this done?
Please suggest the steps We need to follow on following issues:-
The Auditor has resigned from a pvt ltd company due to personal incompetence. the BOD has approached a new auditor to fill the casual vacancy & he has accepted it.
What are the compliance procedure for MCA Filings for both company & new Auditor.
Dear Experts,
As a CS of a Private Limited Company, is there any importance/ merit in keeping copy of the employment agreement of the WTD, MD, and other KMP like CFO in our custody?
This question is because an agreement is not mandated by Companies Act 2013 for Private Companies, but it is obvious that such appointments operate under some agreement only (maybe with HR Dept.).
Please advice, how to tackle this situation. I am a fresher joined as CS in a Private Limited Company.
When I tried to register DSC in MCA Portal,I click on Select Certificate but it is not opening means browsing of my digital signature not done.I done all changes as said in mca site in internet options and also installed latest version of java 8 update 66 but my problem does not solved..
Please Suggest...It;s Urgent
Dear Experts please explain me what kind of companies require to file compliance certificate under companies Act, 2013.
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Takeover of shares- pvt. ltd. company