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Hello all,
I had heard that pvt company can not borrow money from individuals after introduction of companies act 2013. I want to know that is there any hurdles in raising fund through individuals for private limited company in Companies act,2013 ? If so,please elaborate the details and related sections.
Thank You.

Respected Experts,

A pvt ltd company was incorporated in the year 2013 under companies act 1956.

Due to some issues among the promoters, the business never commenced. The company was inactive since incorporation, even the bank account was not opened.

Now what will the compliance, if the promoters:

1. Commence the business

2. Make it a Dormant company

3. Windup the business

Your expertise and assistance will be highly appreciated.

Who manages company during the period when there is no director in the company i.e. when all directors of a company resign altogether before appointing any new director?

In listed company, if promoter wants to buy / acquire shares of his own company to increase his stake from open market, what is procedure required to be followed pre and post buying of shares with roc / stock exchange

Hi,
A Pvt Ltd Company was incorporated on 6th January 2014. What will be the period for which its first financial year.
Is it up to 31.03.2014 or 31.03.2015.

One Query- If a pvt limited company with paid up capital of 55 cr(which means it is covered by Rule 8A of Companies (Appointment & Remuneration of Managerial Personnel) Rules 2014 has appointment a Company Secreatry, whether that Company Secretary is a KMP under the act? Whether MGT 14 and MR 1 needs to be filed?

Request Expert opinion.

In schedule II only useful life is given. But some authors have uploaded files in file section indicating SLM and WDV rates according to useful life of Assets how they derive the rates???

As the first auditors are appointed by Board of Directors, is the company liable to communicate it with ROC? If yes, what documents are to be filed with ROC? Since minutes of the AGM is not available, can we substitute it with minutes of Board Meeting

Dear professional colleague,

Kindly confirm my understanding on procedure to appoint Independent Director:

1. Hold BM and pass resolution for appointment.
2. File DIR-12 in 30 days
3. Hold shareholders meeting for approval of appointment and pass ordinary resolution.

Correct me if i am wrong.

Thanks