The query is regarding deposit of authorised and paid up share capital in bank account:

One of my client - a private limited company incorporated in July 2013 - never deposited initial share capital of Rs. 100000/- in company's bank account. My question is:

1. can a company keep its share capital in the form of cash in its cash book.
2. Is it altogether mandatory to deposit the initial share capital money in bank account or the company can carry the amount in its cash book and show the utilisation in cash only.

if authorised capital of a company above 5crore in that company a PCS appoint on retainership basis?

One of my client have received a notice from Ministry of Corporate Affairs asking to upload the information of unclaimed and unpaid amount of investors lying with that company during any of the last 7 years requires under Investors Education Protection Fund(uploading of information regarding unpaid and unclaimed amounts lying with Companies)Rules,2012 dated 10.05.2012 which says that as per our Balance Sheet for F.Y. 2012-13 there is an unclaimed amount reported in the Balance Sheet which is nothing but shown as Share Application money pending for allotment as per our interpretation,because Company has neither paid the dividend nor accepted the public deposit.Moreover,Company is incorporated in the F.Y. 2012-2013 and is in existence for less than 7 years and Share application money has been received during F.Y. 2012-13 itself and pending for allotment on the date of AGM i.e. 30/09/2013. Notice also require if you wish to dispute the interpretation of non-filing of Form 5INV a ticket may be raised on MCA site under category defaulter related issues indicating the nature and reason of your contesting the interpretation.Please guide

Please help...
1) Whether the Complete Bank loan would be calculated for the purpose of computing the limit of Borrowing or exclsions are there.?

Sir,
Ours is a Private Limited Company, we have share Application money pending for allotment but not pending for refund, we don't have any unclaimed/unpaid dividend but we have received notice to file Form 5INV.Is it required to file Form 5INV ?
Please clarify at your early.


Thanks in advance
Arun

There is one public company (A)having minimum 7 members.

Another public Company (B) wants aquire 100% shares of company(A) and form company (A) as a wholly owned subsidiary company of it.

Now All 7 members will no longer member of company (A) and there will be only one member Company (B).

So what will be the status of public company (A) as it requires minimum 7 members to be continue as public company?

Is this possible?

Hello everyone,

Please tell me how to pay the fees for penalty on MCA? Its really urgent so kindly do help out asap.

Regards,
Varad Agrawal.

Hi All..
Can any one tell me whether companies act, 2013 is applicable for November 2014 ca final exams or not?

Can you plz tell what are the Declarations required to be obtained from a Director at the time of Appointment ??

Its a private limited company and the company wants to issue and allot shares to outsiders. sec 81 not applicable as per the articles this private limited company so there shall be no requirement for preferential allotment. Is there any subscription agreement which should be entered between the company and the proposed shareholder being an outsider, if yes please provide a draft agreement for this purpose.