i working in pvt ltd company
there is two director
one director is not in city
A board resolution need for new bank account opening
can only one director sign BR and it is valid

is there any necessary to file with Roc regarding loan from directors from 1.4.2014.
If yes what are the consequences.

Sec 188 of the CA'13 : related parties transaction prohibits leasing of property of any kind. Which hitherto is permitted.

the question arise is wether all leave and license transactions are treated as lease. Legally speaking lease and leave & license differes with each other.

Whether Leave and License transactoins will be covered by sec. 188?

Can a pvt. ltd. co. as the license holder give on license certain premises to a public ltd. co. on L & L basis, for a period of 99 yrs. the agreement will be made before the new act come into effect. Only the compensation (rent) part will be kept open for the the parties to decided mutually, from time to time.

Can this type of arrangement valid in law? will it attract the provisions of sec. 188?

As per CODE OF ETHICS Chartered Accountants cannot pay any share out of his emoluments:

Professional Misconduct in relation to Members of the Institute in Service:
Clause (a) - Member in employment of a company, firm or person prohibited from paying or allowing or agreeing to pay or allow directly or indirectly to any person any share in his emoluments.

I want to know that, I being a CA not holding COP if goes to employment consultancy, I am required to pay a part out of my first salary as commission after I got job from that consultancy, Whether such payment by me will be considered as misconduct as per above clause?

RESPECTED SIR,
PLEASE GIVE MAIN OBJECT FOR MANUFACTURING PVC COMPOUNDS

RESPECTED SIR,
PLEASE GIVE ME THREE MAIN OBJECT FOR INCORPORATING THE COMPANY I.E.
1. MAIN OBJECT FOR HOTEL RESTAURANT, LEASING, SUBLEASING OF THE HOTEL
2. MAIN OBJECT FOR MANUFACTURING OF PLASTICS, PVC COMPOUNDS.
3.MAIN OBJECT FOR DAIRY FARMING

RESPECTED SIR,
PLEASE GIVE ME THREE MAIN OBJECT FOR INCORPORATING THE COMPANY I.E.
1. MAIN OBJECT FOR HOTEL RESTAURANT, LEASING, SUBLEASING OF THE HOTEL
2. MAIN OBJECT FOR MANUFACTURING OF PLASTICS, PVC COMPOUNDS.
3.MAIN OBJECT FOR DAIRY FARMING

Sir/mam

my query is in Companies(declaration of dividend out of reserves) rules, one of the conditions is

the balance of reserves after such drawal shall not fall below fifteen per cent of its paid-up share capital.

What if my free reserves before withdrawal are less than 15 percent of paid up? the company should not declare dividend out of reserves, right?

Respected Sir/Madam

Please tell me whether listed company is complusorly liable to submit Form-A with soft copy of annual report to stock exchange for unqualified report too for the financial year 2012-13 or may be sent soft copy of annual report with unqualified audit repot along with a forwarding letter duly signed by the compliance officer.

thanking you

Hello Experts,
Can u please help me regargind whether a Pvt ltd company can give loan to directors??
what is d procedure and is there any conditions???

Thanks in advance