Dear sir,

As per Companies Act 2013, one director has to be Resident in India.If we incorporate a new company now(if both directors are foreigners),We can appoint a resident director after 6 months.So please suggest me which form to use to appoint a resident director?

Thank You

Sir,

While filing ROC Form 8 - Statement of Account and solvency for LLP disclosure regarding MSME ACT, 2006 is to be given.

But in our case LLP do not have any transaction between MICRO SMALL MEDIUM ENTERPRISE.

How to give disclosure in this case??

Please advice..

Should Paid up value of share capital be paid before filing this form?

Should be in Cash or Bank?

what should be written on Rs. 25 Stamp paper required with INC-21?

HOW MUCH DIFFERENT TYPES OF COMPANY A INDIVIDUAL CAN HOLD AS A DIRECTOR ?(DIFFERENT TYPE COMPANY= PUBLIC , PRIVATE /NPO/ UNLIMITED LIABILITY)

Dear Learned Professionals,

Please suggest me how to resolve the below case

'the company has taken huge loans from the relatives of the Directors. The company's position is not good enough to repay the loan amount. How can we clear this amount

a) Can it go for private placement of shares for clearing the loan amount.?

b) Can we show it as share application money pending for allotment.?

Please suggest if you have any other alternative solution for this.

Thank you,

Ganapati Ghatti

Sir,

Whether total monetary value of obligation of contribution in case of LLP includes Current capital accounts of the partners ??

Eg.

Authorized Contribution (total monetary value of obligation of contribution) of the LLP is Rs. 100000/-

in addition to this LLP also shown Rs. 50000/- as current capital account of partners??


whether LLP can have current capital of partners in addition to authorised contribution??

Please let me know whether a customer given a advance towards purchase of Jewelllery to a Jewellery Shop ( Pvt Ltd Co)but after one year the said customer has not taken delivery of the ornament as a result the advance is still lying in the books of company. Whether the advance will treated as deposit under new companies Act or it will treated as advance against property.

Clause 35(c) requires a company to report - "change exceeding +/-2% of the total paid-up share capital".

However, from the language of Rule 13 of Companies Management and Administration Rules it is not clear whether the change to be reported is "2% of paid up share capital" or "2% of individual shareholding of the respective promoter / top shareholder".

Request comments / guidance of experts/ senior professionals in the matter please.

if we are taking loan for purchase of a vehicle then is this bis mandatory to file the charge creation form with ROC please reply.

I have one query relating to the allotment of Right Issue of Private Limited Company:

1. Authorised Capital increased on 22.05.2014

2. Existing shareholders deposited Share Application money in Company Current account as follows

1. 1st Shareholder: Deposited cheque & cleared as on 20.05.2014 full payment

2. 2nd Shareholder Deposited money as follows:
- half application money as on 14.07.2014
-some part as on 12.08.2014
-remaining as on 22.08.2014

3. 3rd shareholder deposited money as on 14.08.2014 full payment.

So my question is how can i tackle this situation as all application money received on different date and what will be the date of allotment.
Queries:
1. Whether is it correct to show allotment in to two different date as per Application Money received by Company.
2. Whether is it correct to show only single allotment on 22.08.2014 but in that case share application money received from 1st shareholder passed 60 days criteria.