Legal Query I have formed Newly Incorporated Private Company for software related services, I will be providing my services on basis of project fees as it is done. Point is that there are 5 of my clients who need to hire our Company as their IT departments in return of providing me 15% shareholding in each of their firm This shareholding is I am ready to accept. Now what will be Compliance Related Procedure and taxes applicable or if put in single sentence-What will happen next? is this a viable option? I'm 100% on board with it. If not possible can we do businees as a Joint Venture or Associate what will be next possible choice

Dear Friends / Experts,

Please guide me on the following, IF POSSIBLE:

A Private Limited Company having two Foreign Directors. Both are shareholders too. Their stay in India is less than the stipulated period.

Query

Is there any penalty for the company, if it's not appointing a Resident Director?

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


Thanks in advance for possible replies from all concerned.

Can a new private company issue debentures (whether secured or unsecured)?

Dear All,

Kindly clarify that if a private company has given loan to director and his relative at the time when old companies act was there, whether such director and relative have to repay that loan immediately ?

I am in process of filing GNL-4(addendum) for filing the affidavit that the co and directors shall not accept deposits unless complied with the applicable provisions of various act. I query is that in form GNL4 in point no 7 we have select the type of document from the drop down but in the drop down there is no such option for attaching affidavit can I select others and proceed? In the help kit it given that "Attachments of all the eForms shall be displayed in drop down menu having ''Others'' as one of the values.". please suggest.

EX:Declaration

authorized by the Board of Directors of the Company vide resolution number 0005
dated_______(DD/MM/YYYY.

I have doubt about form filling above mention that is resolution number 005 dated ______ which date mention in particular place. before 21 days from hold meeting, resigning etc., OR when director signed in specific letter.

is it applicable to all forms

please can anyone explain about resolution date.

Can anyone please provide a list of all the filing to be done with MCA in relation to a small private company?

Mr. A is a director in 2 private ltd companies.


He has got a plot in on which he wants to built a building and want to give the premises on rent to above two Companies. The rent has not yet been decided.


Can both companies pay rent to Mr. A? What would be the implications under the New Companies Act and under the Income Tax Act. Is there any monitory ceiling to pay rent to a related party.

Hi can any one suggest me on this:

We want to incorporate a pvt company with 2 individuals and a partnership firm (i.e., total 3). My queries are:
1. Can a firm be subscribers to memorandum.?
2. If a firm can't be a subscriber, can a power of attorney of firm can act as a subscriber to memorandum.?
Our intention is firm has to be in connection with membership.

Thank you in advance.

I have a query, that in a pvt ltd co, is it necessary that a shareholder needs to be the director. I mean that in a company there are 2 directors who hold 50% of the shares in aggregate and balance 50% is held by a NRI who is not a director.