A loan has been given by a pvt. co. to another pvt. co. in whom a person is director in both companies & its repayment made within F/Y year & its not in ordinary course of business. However "No company shall, directly or indirectly, advance any loan, including any loan represented by a book debt, to any of its directors or to any other person in whom the director is interested." Please tell me contravention if any & whether repayment removes the contravention?? Also tell me what can a company do to protect himself?
If advance is shown as given for flat and later returned as deal could not mature, whether this adjustment is correct or not?
Please clarify....

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what is the procedure of conversion of llp into proprietership

Hello every one i have 2 interesting queries, i would like to know your views on them.

1. As per company act(accounts) amendment any part of rules will not be applicable to company having foreign subsidiary abroad for financial year on or after 1st April 2014.
So question is all unlisted companies will get full exemption from consolidation even if single subsidiary is outside, because if we do plain reading of the section this is what is interpretation or only foreign subsidiary is excluded.
I feel full exemption will be there.

2. Further what will happen if company is subsidiary as per company act but not as per as 21, because because paid up capital includes convertible preference shares there can be situation company holds 60% of (equity + convertible preference shares) but only 10% of equity shares. so whether consolidation will be required or not,
i feel it is not required because it will become absurd.

if asset have expire all usefull -95 % w/off by dep ,how can written of whole amt of asset resi value 5 %
if no any realise value what is acct treat mate of 5 % resi value of fixed asset as per company act 2013

One Private Company want to apply for Fast Track Exit , but subscriber to MOA and AOA and first Directors are differenct persons, pl. know me which documents I should obtained from Directors and Subscribers or Affidavit and Indeminity Bond from Directors are sufficient.
2. In this case whether Board Resolution is required or EGM resolution will require.

Can a Private Limited Company Gift an Immovable Property to another Private limited company. If yes, Please guide me about the procedure.
and also describe if any restrictions.

Dear Experts,

Is there any provision for converting a partnership firm into a private limited company as per the Companies Act 2013?
I know that there was a provision for the same as per The Companies Act 1956.
Whether for 2013 Act the procedure is same or different.
Can you please send me the procedures/steps for the same if there is any change in the two Acts.


Thanks
Regards
Dev

co. purchased a printer on 20/07/2011of Rs. 12631and its WDV as on 01/04/2014 is Rs 5843.47 what is amt.of dep. for the year 2014-2015 and the rate of dep. and remaining value of printer

Dear All,

What other formalities and documentation required while incorporation of a private limited company when one of the subscriber is a foreign company(through its representative) and one is Indian individual.

And the Directors will be, 1. Representative of Foreign co. and that Indian Individual.

Please suggest.

Thanks.
Pranay Patel

Dear All,
X Ltd issued 500 shares bearing distinctive no 01 to 500 to Mr. A later on Mr.A requested for split in to two certificate of 200 and 300 shares respectively.

Now CS of the X Ltd issued two certificate bearing distinctive no 5001 to 700 and 701 to 1000 and cancelled distinctive no.01 to 500.

Moreover, distinctive got increased but no of paid up share remained the same i.e 500.

My quarry is whether a company can allot different distinctive no in place of original distinctive no.

Please reply it is very urgent.

Regards
Amit Kumar