Hi,
A private limited company has two directors in their Board and one of them is Bank's authorized signatory. Both the directors wants to resign the company but before their resignation, two new directors shall be appointed in the board to fulfill the requirement of Act as well as quorum.

Now the outgoing partner can not withdraw the power of being signatory in the Bank by himself..right ??

Board has to pass resolution for change the signatory and enclose their resignation letter and form along with it...right ??

Is there any section of the act which tells the same !!!

Hi,

Can any shareholder of private limited sale his shares to outsider ??
If yes, then in how many days consideration should be received ??
If not received within prescribed time then what will be the consequences ??

What are the provisions of companies act, 2013 related thereto ?

Dear Sir/Madam

one of my client want to register under Provident Fund in your Existing Pvt. Ltd. companies. can i have to register thorugh mca 21 site ? if yes, pls guide me about registration procedure.

thanking you.

I need advise, whether we can pay local payment in USD. Vendor registered in india and purchase invoice will be issued in USD. for contract execution outside india.

While incorporating Sec 8 Company, What should we write in Point 1(1st Point Alteration) of AOA(INC 31)

Can we use the name of a State/ UT or India in the name of a proposed Company?

Pl revert asap. urgent.

Thanks.

For a Private Limited Company having turnover of Rs.500 CR

My questions is whether Internal audit is compulsory ?
If yes then should it be conducted by Chartered Accountant only ?

A company have received amount from Mr. A's NRE Account and wants to issue NCCPS in lieu of this amount but could not issue the NCCPS due to some RBI guidelines. Now He wants that company will issue NCCPS in favour of his daughter who is already a shareholder of the Company. And that amount shown as gift given by father to his daughter.

Is it possible for company ??

or if company wants to refund the same then can company will refund that amount to his Residential account other than NRE Account ???

Kindly resolve the query as earliest.

We are in the process of updating from v2 to v3 . And the email id which is registered , is already registered for another company. So i tried changing the email id on v2 profile and then tried updating to v3. While doing so the MCA is throwing an error " Error in email id" and hence i am not receiving otp for proceeding further. Tried raising a query on mca again unable to do so.

Kindly advise how to proceed and upgrade the user id to V3.

A company's balance sheet

ESC 100 BANK 400
PSC 50
P&L (300)
G/R 50
LOAN 500

Can the company redeem it's preference share by using general reserve and kindly tell me , is it bad for creditor and members.
Kindly explain it . No one gave me
Answer .