I want to know that as per annexure C of FTE how shall I treat the cash balance available for inoperative company since incorporation...
should i show capital at liability side and cash balance available at asset side??

Can a director take Rs.12400000 from its company to purchase personal property as per companies Act 2013??

Dear Professional ,
i have a little query that when a pvt ltd company converts into public ltd do the share certificates issued earlier conversion need to change its name.Kindly throw some light in terms of Companies Act,1956.

Sir


Summary of problem:
present name : XYZ Pvt Ltd
Previous name: ABC Ltd
orginal Charge Date & ID: 25/09/2006, 10044535
Charge Modified time to time
After last modification dated 21/06/2011, modified balance was: 1269.00 lacs
Then a portion of term loan Rs. 269 lacs was satisfied as on 19/05/2014
Instead of modification company wrongly filed satisfaction of Charge ie Form CGH 4,
Entire charge has been satisfied because system understand only charge ID not amount. but actually loan exist as on date of Rs. 1000.00 lacs
Question: procedure so that charge will be reflected on MCA portal.

Hi friends
in sec.162 two or more director can only be apointed by a single resolution if before that resolution a resolution for doing so is passed in meeting.
Now my question is resolution for that resolution is to be passed in GM or BM.

We have formed a Pvt Ltd company with two directors only who are shareholders only. Paid up share capital is 3 lakh rs only. Now we want to bring in 50 lakh rs from director (ourself) as unsecured deposit. Please give detailed procedure for the same. Is it required to file the same with ROC with complex procedure?

Dear all

what is the time limit for allotment of securities after receiving Share application money from the members for a public company?

As per co act 2013 our co (pvt ltd co) falls under the category where they need to appoint internal auditor as it has outstanding loan from PFI of more 100 crores in 2013-14 but till date we have not appointed the internal auditor. now i want to know what will be consequences as sec 138 does not provide an penalty

Is this a mandatory condition to follow while doing Private placement (in a pvt. ltd. co.)-
Allotment must be made for not less than Rs 20000/‐ of face value of the securities for
each allotee.

If yes, than where it is mentioned and what is meant by 'face value'of securities. Please reply at earliest convenience.

Dear All,
Plz suggest me a book for The Companies Act, 2013 except act. which covered act as well as rules in the simple language.