1.A small Trading Pvt Ltd.Co.has given in Oct.2014 ,interest free-loan of Rs.10 lacs to a whole -time Director.What are thw consequenes ?
2. Can a whole-time of a small Pvt Ltd. Co.who is the age of 73 years and drawing Rs.50000/- p.m.can still continue as such. No such period was defined at the time of appointment.Please advise.
Thanks a lot.
Sir,
If a pvt. Ltd Co. donot commence business in the same financial year in which comnpany is incorporated whether the company would be liable for company audit for the said financial year
I along with my mother had started a private limited company in the year 2010 in which we both are directors but somehow the company did not take off due to lack of funding and I did not file the balance sheet and other documents with the concerned authorities as the company is not doing any business for the last two years.I want to close the company by spending the least amount and in the easiest possible manner,if this is not possible.I want to sell or transfer my shares I hold in the company in my mothers name so as to end any kind of association with the company.Please advise.
1.In Private Limited Company MOA Authorised capital is rs.10 lacs and subscribed capital is rs.10 lacs. But the subscribers invested (paid up) only 10 % of subscribed capital i.e. Rs 1 lac. (partly paid up)
2. Later allotment of new shares made to the same shareholders rs.2 lacs.fully paid up. This allotment without knowing that subscribed shares are partly paid up.Authorised capital not increased.
3.Later allotment of shares to new shareholder rs.2 lacs.Authorised capital not increased.
issues
1.whether subscribed capital to MOA can be partly paid up?
2.whether allotment made to existing shareholders without increasing authorised capital is valid ?
3. Whether allotment made to new share holder without increasing authorised capital is valid?
Any one guide me on winding up of company as per new Companies Act
To increase the authorised capital i decided top call for an EGM for shorter notice. what are the legal requirements as per co act 2013? in the old act FORM 22A was given for the same. but no form is in coa 2013?
A is the auditor of XYZ Pvt.Ltd. For the AGM held on 30/09/2014 , no auditor was appointed by XYZ. In January XYZ Pvt.Ltd. wants to appoint B as the auditor ( as A is unable to continue because of the 20 co's limit).
How will B be appointed.
CAN A COMPANY INCORPORATE ON 01/01/2014 WILL DO FIRST AGM UP TO 30-DEC 2016
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Interest free loan to a director by pvt ltd.co.consequences