Our company is a private limited company and had taken loan from Co-operative bank for purchase of vehicle under security . And now the company is required to purchase the shares of the Bank . Do we have to take approval from members ? And is there any compliance to be done under Companies Act, 2013 or any other provision. Kindly guide urgently.

can a private limited sold with 94% shareholding. what are the provisions under Companies Act, 2013 to sell a private limited company. Which forms we have to fill for this process?

I know that a Private Company cannot issue shares to the public or 3rd Party and one of the way is to transfer the shares of an existing member.
This includes giving notice by an existing member to company of his willingness to transfer his shares. The company giving notice to existing members to take his shares, if they want. If existing members do not respond, then the company has no choice but to transfer the shares to that 3rd party. Register Form Sh-4 and so on.
But the above method will dilute the shareholding of existing member.

To overcome this, I thought of other options on my mind, which is correct?
1. The company hires the 3rd party as a Director. Issue new shares but existing members don't take it. So company gives new shares to the Director?
2. The company hires the 3rd party as a Director. Issues new shares to only him as ESOP?

Hi Friends,

What are the possibilities to change the Mobile Number provided for the DIRECTOR IDENTIFICATION NUMBER?

The mobile number provided in DIN records is not active. could not able to use the DIN because of the said issue, not able to receive OTP.

- The DIN was obtained in the current financial year, hence it can't be updated through DIR-3 KYC.
- In DIR-6 director details can be updated except Mobile Number & Email ID. so it won't work.

Please advise any other way to update the mobile number.

Conversion of ECB, including those which are matured but unpaid, into equity is permitted subject to fulfilling certain conditions.

However I wanted to understand whether the same would be permissible under the companies act 2013 ? Companies act basically does not permit conversion of loan into equity unless there is a resolution is passed which has a provision to convert loan into equity.

Pls guide
Hemant

Dear Friends,
I am little bit confused I have the following LLP forms pending for filing

Form No FY

8 (Form of Financial Statement/solvency) 2021-21 & 2021-22
11(Annual Return 2020-21 & 2021-22

what is the last date for filing of these forms without additional fee for both 2020-21 & 2021-22.
Is there any issue like form 8 or 11 still under revision and new form/s not released by MCA.

Thanks
P.C. Joshi

Is there any restriction on purchase of shares of private limited company in cash.

Respected Sir/Madamed
Is It Mandatory to pay Dividend on Fixed percentage Redeemable preference share by Private limited Company for F Y 2021-2022?
xyz PVT. LTD. Company had not paid any dividend to its equity sahre holders during year f y 2021-2022, Company is in profit with appropirate reserves and surplus
As Per Companies Act 2013 with latest amendment applicable to Private Limited Company for F Y 2021-2022
Thanking You

Dear Sir,
I am struck with an error/warning message while uploading/filing the Form 11. The error was the DPIN entered is not approved DIN/DPIN.
-> The concern DPIN/DIN KYC was completed
-> Please suggest me any solution to resolve the issue

"Declaration of directors/ shareholders Previous name to be mentioned in Altered AAOA & AMOA with footnoting" this is the Message received on for filing Form MGT 14 and asked for Resubmission.
Is there a proper format to be uploaded