Dear Experts

We are issuing shares to a person who is providing advisory services to the company. Since company has no funds, they are issuing shares instead of remuneration. The same shall be covered under preferential allotment u/s 61(1)(c) of Co. Act 2013 for issue of shares for consideration other than cash.
Ref to that sec says we have to follow section 42 provisions which relates to pvt.placement
One of the conditions of pvt placement being the amount should come in cheque and that it should be deposited in a separate bank account. But there is no money coming. Only in lieu of services, co. is giving shares.
How to comply with the prov of section 42?

A private company accepted deposits from partnership firm in which one of partner is shareholder and director in the company. please let me know whether company can accept deposits from a partnership firm in which a director is a partner?

Sir

A Pvt ltd Co has two directors and same are the shareholders of the co.

Now the co want to allot shares to only one director. Is it possible as per new Act ?

If yes can anyone tell me the exact procedure which should i follow ?

Thanks in anticipation

If a computer is purchased for Rs 20000 on 20.12.2014, then depreciation for this accounting year 2014-15 would be taken for the period of use.
As per schedule II useful life will be 3 years. so depreciation will be(cost -residual value)/3 years.
But what would be depreciation taken for 2014-15?
will it be (20000-0)/3=6667.
For 14-15- 6667*102/365=1863.

Please suggest main objects clauses for MOA of Online health care services/medical coding company.

as now from 01/04/2014 company cannot accept deposits/loans from shareholders.
interest accrued on unsecured loan(accepted before 01/04/2014) which is not considered as deposits is yet not paid.
does it considered as loan /deposit accepted during the year.
actually its o.s expenses payable.
please give your suggestions.

Dear Sir/Ma'am,

I would like to confirm the applicability of schedule II of Companies Act 2013.Is it mandatory for F.Y. 2014-15 or there is some relaxation?
Secondly, whether the component method to be followed in depreciation applicable in FY 2014-15?

Please anyone answer my following doubts:-

1. If address given in the incorporation form i.e. form INC-7 will be the address of register office of the newly incorporated company, in that case do we need to inform to ROC about address of register office of company in form INC-22?

2. If one of proposed director don’t have landline number then what shall be mention in field called "LANDLINE NUMBER" of proposed director in form INC-07? this field is mandatory field.

3. In clause number 7 of form INC-07 where particulars of first subscribers need to be given- In that one field called "Name of the entity" what we have to write in this field?

Thanks in advance.

what is the difference between shares and securities?

Can a private company issue unsecured debentures as per companies act 2013??