Respected Ld. Members,

A Company is considering CSR activities as per the mandatory requirement of Sec.135. For that it want to incorporate a charitable trust in which the trustees will be the directors of the company who will carry on the activities for society in the form of providing awareness in rural areas about education, free health check up camps, giving money for the education of unprivileged children etc. the company will donate 2% of its average profit into this Trust. want to know is it valid compliance as per CA, 2013. In my personal view as per the CSR rules, it can be a duly compliance of law. Further, I also want to know what should be kept in mind while incorporating a Trust. Pls suggest your valuable thoughts.

Many Thanks

Is there any requirement for LLP to make consolidated financial statement if it is holding more than 50% shares in other company???

Dear All,

Can anybody guide me with whether Unregistered partnership firm can be converted into LLP???

Thanks,
Pooja

Dear Experts,

Mr. 'A' is a Whole Time Director of a private limited company. He also happens to be a shareholder and also an employee of the same company. Mr. 'A' provided a Loan to the company. Mr. 'A', the director gives an undertaking that the loan is not provided out of borrowed funds in order to stay out of the purview of the definition of Deposits. The Borrowing is well within the limits u/s 180(1)(c).

Now the Query:

1. Can Mr. 'A' provide loan to the company being a Director,shareholder and employee of the same company?

2. If yes, is there any Limit for the same?

3. What are the compliance requirements in this respect under the Companies Act,2013?

Experts,
As per the new notification dated 01.05.2015, the Form INC 29 requires attachment of INC 30 (MOA) and INC 31 (AOA) templates.
I tried getting it from MCA website, bt did not find it.

Pls provide editable Form inc 30 & 31


Thanks

I have read that now companies do not require to file Form MGT-14 for resolution passed to take note of form MBP-1 filed by the directors disclosing their interests in other companies/other entities vide Companies (Meetings of Board and its Powers) Amendment Rules, 2015 Dated-18th March, 2015. Is it correct?

Query: where in a company, min. No. Of directors as per AOA of a company is provided as 6 , but if it falls to 4 . Can a board meeting be conducted by that co. Or not?whether that board meeting be valid as per act?

While filing form 7 for incorporation of a Private limited Company, total of the authorized capital(Rs.100,000) was mentioned wrong(5,00,000) but details of shareholders were provided as per Rs.100,000 which is true.....due to this wrong authorised Capital is displaying at the MCA master data....Is dere any procedure to change such Authorized capital at MCA to rs.100,000??????????????

IS IT MANDATORY TO REFUND THE DEPOSIT OF RS 1 LAKH TO DIRECTOR AFTER HE GETS REGULARISED AT THE AGM. CAN THE DEPOSIT BE FORFEITED BY THE COMPANY

Can anybody clear my doubt that whether an llp can be applied for striking off within 1 year of its incorporation and also the llp agreement, i.e. the LLP Form 3 has not been filed yet. We would like to close off the LLP without following any other procedure. Kindly advice.
Kindly also consider urgency of the event.