ayushi lavania
20 December 2022 at 15:25

Merger and Amalgamation, Takeovers

Can the transferor company (in case of merger) write its former name after the merger, amalgamation, as New entity name (name- X Limited (formed after merger, amalgamation, takeover)) formerly known as (name- Y Limited) in its financials or other important documents such as Letter head or Legal contracts?
Please guide


Prethy B
17 December 2022 at 00:36

Adhoc hikes

What is adhoc hike? When it will be given and why? Will it be given to all Or only few people and how would they select only few people on what basis?


naresh
16 December 2022 at 22:46

Mgt7a-cant fill YES/NO IN AGM FIELD

WHICH DIRECTOR ATTENDED AGM -->YES NO, WE CAN ONLY WRITE 1ST ROW , WE CANTWRITE IN 2ND ROW FOR 2ND DIRECTOR,YES NO/NOT APPLICABLE?

INCHECK FORM, ITS GIVING ERROR" PLZ WRITE YES/NO/NOT APPLICABLE AGAINST DIRECTOR2".

IS PDF FORM MGT7A CORRUPTED?


Synodic Consultants
16 December 2022 at 11:17

Re-submission Error in MCA Form

Hello Friends,
Two Months Before I Uploaded All SPICe Forms for Company Incorporation, Unfortunately now it camed for Re-submission of Current Details of Utility Bills and Other Documents , After completing all other procedures i try to uploading but it shows "one of the forms are not prescrutiny" .please help with these.. {note; there is no Cap or Special characters in newly updated form}


Hima Kaushik Sheth

Can a whole time Cs after his working hours provide consultancy or advisory on company law matters ?


NK1976
14 December 2022 at 16:00

Expenses in Books of Accounts

One of my clients is debiting legal expenses in the books of account of a Private Limited Company. They are showing an expenditure of about 5 to 6 lakhs every year. Fees are paid after deducting TDS and GST is paid on legal fees. The company has no case in court. These are paid for personal expenditure. In the computation of income tax, all these expenses are disallowed under section 37.

Now my question is whether there is any issue as per companies
act and income tax?

Please advice your valuable suggestion in above matter.

Thanks
N K


Kavita R

Dear Sir/ Mam,

In case of Pvt. Ltd. company, the statutory auditor's term has already expired in the AGM of 2022 and we have not appointed the new auditor. We were ready to replace him with another auditor through EGM. But now the earlier auditor is ready to continue the company with 1 year appointment (every year).
My query is:
1. can the earlier auditor appointed?
2. Can he be appointed with EGM or how ?
3. Can he be appointed every year as it is his request or is it mandatory to appoint him for 5 years?

Kindly urgently reply.

Thank you in advance.


Prakash Joshi

Pls share your opinion on the following query.

A foreign client made an advance payment of 2crore to an Indian co. In 2019. After that due to covid the services could be provided. During FY the Indian company completed service worth 20 lacs. The foreign client extended the period for completion of service till 31st March 2023.But still the substantial psty of service is likely to be pending. Will the advance lying as on date 31st March 2023 be treated as a loan or deposit in DPT.
What will be position if the foreign client extends the contract for further one year.

Thanks
PC Joshi


Jass Kaur Bindra SEC-C 2020

Whether a Director appointed to the Board of the company "X" can get remuneration from another Company "Y"?


Kavita R
10 December 2022 at 18:44

Transfer of property or sale of property

Kindly clarify urgently the below in case of deemed public company

1) Does transfer of property mean the same as sale of properties?
2) Will the transfer / sale of property be considered under 180(1)(a)?
3) if yes, do we have to file MGT-14 for special resolution to be passed?
4) do we have to mention the amount in the board resolution?

Thank you in advance.






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