There are two companies XYZ Ltd. And ABC Ltd.
Director (along with his relatives) of ABC Ltd. is holding more than 20% shares of XYZ Ltd. But he is not a director of XYZ Ltd. Also ABC Ltd. is not holding any shares of XYZ LTd.

Now the question is whether XYZ LTD. & ABC Ltd. will become Associate Companies for Consolidation of Financial Statements under the New Act.

A company wants to give property on rent ( Leasing) to B company and this is related party transaction, whether special resolution is required to be passed in both companies or only to A Company

KINDLY THROW LIGHT ON THE BELOW MENTIONED POINT AND OPINION OF THE BOARD:-

PVT LTD COMPANY AND PARTNERSHIP FIRM HAVING COMMON DIRECTORS and PARTNERS,
PROPERTY OF COMPANY IS MORTGAGED WITH BANKERS OF THE FIRM,AND FIRM HAVE AVAILED THE OD FACILITY FROM THE BANK,

FORM NO 8 FILED BY THE COMPANY ON 30/03/2011, WHEN FIRST TIME LOAN WAS AVAILED BY THE FIRM.

Whether provisions of section 185/186 of companies act 2013 regarding Loans /guarantee / security etc.... are attracted in this case.

further , since the partnership firm is having OD facility against property of the company, the OD facility is renewed every year, at the time of renewal the company does not comes in picture, only firm is required to complete the routine renewal of OD facility, further the limit of OD is same that was in 2011.

thus whether in this situation provisions of section 185 / 186 is required to be complied with.

I would like to start a trading firm in Telangana State. What are the prerequisites for start up and registering my firm with all statutory authorities? My nature of business is trading intermediate drugs for pharma companies. My customers are based in Hyderabad and my suppliers are based in other states and I would like to make E1 transactions. What are the registration I have to get it done with sales tax authorities and other tax authorities.
Pl.guide me.

I have filled up the eforms and completed Pre scrutiny . But the submit button on each form is disabled. Then how can I file the particular form.

Moreover, my system is not detecting the DSC as 'Browse' button to detect DSC is not working while creating new user id for e filing.

After implementation of new companies act, statutory registers are to be converted into new format. Are they to be converted for transactions from 1.4.2014 or from the date of incorporation of the company?

Please guide.

Dear sir,

I have applied for certificate for commencement of business of a Pvt Ltd company.
Form 21 got approved from MCA website but they have not issued us certificate for commencement of business since 15 days have passed after it got approved.

My query is

1) Whether i can appoint first auditor without receiving commencement of Business certificate from MCA.
2) When i shall receive the certificate from MCA.

Thanks

Dear Sir/Madam,

1) What is the difference between Board & Management? How are their roles different from one another? Please mention the people comprising a Board & Management.

2) What is meant by "committees" in a company(with example) and the people who are part of such committees ?

Thank you.

Could you pl confirm whether to carry out CSR activity, a company can float a charitable trust as settlor and PROMOTER directors as Trustees.Can this new Trust shall carry out the CSR activities on behalf of Company only or for other companies also?

What is depreciation rate as per co act 2013 for Moulds and other machinery for oil marketing co.

2. What is Dep rate as per co act 2013 for Hardware others.

3. What is Dep rate as per co act 2013

for printers?

4. What is dep rate as per co act 2013 for Softwares?