Please Tell me in the light of provisions of New Companies Act 2013. Can a private company accept any unsecured loan from its members and/or directors? Whether the same comes under the ambit of Deposits as per clause 73-76 of New Companies Act 2013.
Reason of the Doubts.
Section 58A of companies Act 1956 specifically provides to not to include loan from directors and members. But as per me nothing contained in the current regime having clause 73-76 exclude the same.
Definition of deposits in the current regime includes loans in deposit.

as per section 171(2)(i) 'A general meeting may be called after giving shorter notice than that specified in sub- section (1), if consent is accorded thereto-
(i) in the case of an annual general meeting, by all the members entitled to vote thereat;'


Our is a public limited company, two of our shareholders are minor and holding 0.0025 % shares of the company and can't sign.

Now my query is, am i need to get the letter from their guardian to sign the form 22A on behalf of minor....
or
we have any else option?

Dear All,
One of the client want to appoint our firm as an auditor but NOC is not given by the previous auditor. the whether we can accept the appointment . plz explain the procedure.

waiting for the reply.........
thanks to all...........

Are the traveling expenses paid to non executive directors for attending AGM are covered under sitting fees??

Dear sir,
Please let me know which forms are company is entitled to fill at every year & need of thet & time limit for that.
thanking you.

Dear sir,

Can we pass a resolution for appointment of director and allotment of shares in a same board meeting.

Thanking you sir,

Best regards,

Narasimha

how many private placement / preferential allotment can a unlisted public company do in a financial year u/s 81(1A)?
maximum time period allowed between 2 different private placement / preferential allotment?

Dear All,

while converting the pvt ltd company to public limited, details of two new subscribers out of 7 subscribers has wrongly entered in the subscriber sheet and the company has converted.

Is there any legal provision or any way to change the subscriber sheet.

early reply is highly appreciated

Thanks in advance

when I upload form 1, form 18,and form18, I found error'' transaction error '' . Advise me what should I do.

Dear sir,

A Company appoints an additional director in its board meeting and files form 32 with ROC as additional director and further gets its approval in share holders meeting (AGM)as Director of the Company sir.

In this regard should the Company file one more form 32 to change the status with the ROC sir, Please suggest me sir

Best regards,

Narasimha