Sir
Can anyone provide main object clause for import export,trading of medical equipments

i am director in a company since Dec 2016 with stock options and salary . my company is getting closed but my compensation has not been paid since 4 years and the top management is not responding to my claims . Where and how can i claim or complaint as per the legal procedures ..

Dear my client received a notice from ROC under sec 248(1) for strike off the name of the company for he reason that the amount of subscription undertaken to be paid by the subscribers in the MOA has not been paid and the declaration for the same not filed with the RCO. The fact are
as under:

The company (Pvt td) incorporated in oct 2019 and not conducted any operations/business since incorporation and not filed the declaration under sec 10A regarding subscription.
The company wants to strike off the name. The annual return and financial statements for 2020-21 are duly filed.
Can I straight away reply the SCN stating that the company wants to strike off the name without mentioning about the reason for non filing declaration pursuant to sec 10A.. Or do I need to apply for compounding the non compliance of filing of declaration under sec 10A in this case . Please share your views. If anyone has a format of reply available on this point kindly share.

Thanks
P.C. Joshi

One of the clients due to lockdown and financial issue unable to commence the business in last couple of years not even filed Inc 20A till now, ROC issued form stk1 due to non commencement of business after 180 days from the date of incorporation, how to handle this complainces with ROC to remove the company name in ROC

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