Hello,
We have a client. There are four private Companies whose directors are interested parties in all four Companies(i.e. directors in all 4). The purchase & sale transaction between two of these companies requires Board approval as per Sec 188. But since interested parties cannot participate this is not possible. There are also some other shareholders apart from these directors. But approval through general meeting is also difficult since the other shareholders are unable to attend the meeting in any case due to some reasons. So how can we comply with the section 188. Please suggest me the solution for this.

Do Audit Committee need to pass resolution for approving related party transaction or noting and approval is sufficient.

pl. provide me specimen Board resolution for arms' length transaction u/s. 188 of the Companies act, 2013

For Allotment of Shares as per Companies Act 2013, do i have to Filled MGT-14 just before Filling Form Pas-3, as i Had Already filled one MGt-14 before for Special Resolution.

Sir,

The ROC query says TM existing form to be resubmitted.I dont know what it is.I filed the form to change the name of an existing company

Kindly help

Dear Sir/Madam

When I try to file ADT - 1 for a company it shows that the designation selected is incorrect. In the form the designation that can be selected is "Director" even for a Managing Director. pls suggest a solution to resolve this problem.

Dear Sir/Madam

Does the right issue under ca 2013 requires the valuation report? Can we proceed with issuing shares at par without the valuation report?

As per new provisions of the Companies act, 2013, first AGM to be held within 9 months from the closer of financial year. is it possible for Directors to approve financial statements at Board meeting on 01st dec. and to conduct first agm on 30.12.2014.

is it allowed to finalize Balance sheet and Profit and Loss account after 6 months from the closer of financial statements.

Pl. reply me urgent and thanks in advance.

As per new provisions of the Companies act, 2013, Company can held first AGM within 9 months from the closure of financial year , a can Board approve its report and finalize financial statements on 01st Dec. i.e. after 6 months from the closure of financial year i.e after 30th Sep.

Company has given guarantee for housing loan taken by Working Directors.
What is the procedure to be followed u/s-185 of the Companies Act,2013?
Can company give guarantee u/s-185 for housing loan ??