A Private Limited company is incorporated.There are three subscriber to MOA, out of which one is company holding more than 51% shares in the new company and there by becoming the holding Company of the newly incorporated.

The newly incorporated company has not open bank account....so no subscription money is deposited.It has been a year since the company is incorporated.Any solution that what steps should be taken for such type of Company

One more problem is that,in Balance Sheet of the holding Company...there is no entry of the investment made and no disclosure about the subsidary as the Company has not paid subscription money...

Also one more thing to note is that the holding and subsidary Company have same prefix, therefore a Board resolution and NOC is issued by the holding Company..

How will the unpaid subsriciptiom amount get reflected in holding Company

Sir, can a company give dividend by hand to few shareholders and the rest by registered post / courier?

can anyone provide me draft board resolution for acquiring shares of a subsidiary Company. Both holding and subsidiary are pvt. ltd companies.

Thanks in advance!!

Dear All

please guide
a construction company constructing flats and selling it. will it be considered as goods and will it attract sec 295

Dear Members,

I have recently filed Form 5 of a private limited company for increase in authorized share capital, but there is an objection from ROC that "the attached moa is not in proper order".

Does this means that the ROC require MOA as per Companies Act, 2013. If yes please let me know what about the subscriber page, it'll be old one only or any change required in it also.

Thanks

Pranay Patel

Sir,

whether it is mandatory to maintain register of Investment for Investment Company also?

In 372A(8)(a)(ii) of CA,1956 it is written as 'nothing contained in this section shall apply -
a company whose principal business is the acquisition of shares,stocks, debt. or other securities

Whether this sub-section also apply to maintaining of registers or only to 60% clause?

Regards

In a public Ltd. company there are 5 Directors. 3 of them are executive directors. Two are non executive directors. One of non executive director wants to become an executive director. All of them are family members. They are drawing remuneration in excess of prescribed limits under Schedule xiii and company is having inadequate profits. No remuneration committee is constituted as no independent director is there in that company.

Now the problem is that Section II of Part II of Schedule XIII can not be followed as it requires remuneration committee’s approval.

Kindly guide how to comply with the provisions of Companies Act. Can shelter of Section 314 be taken in this case? Is it possible? If yes Kindly suggest the whole procedure of the same?

There is a section 25 co which running a commercial project (say a shop). Surplus generated from such project, after meeting all expenses, is given/ used by the sec 25 co for a charitable purpose for the welfare of general public. Is it workable proposition?

Dear Expert,

Plz guide me that i have a sanction letter of Loan of Rs.15 lacs for dated 25/02/2013 then laon has been enhanced to Rs.20 lacs on 10/10/2013 .A form 8 of sanction of loan of Rs.15 lacs is not filed , should i filed two seprate form 8 (one for Rs.15 lacs and one for Rs.20 lacs) or only one form 8 for Rs.20 lacs

Dear Sir

As per new Companies Act 2013, can a private limited Company :

01. Issue and allot shares to more than 50 Persons ?

02. Provisions regarding Opening of Separate Bank Account, Allotment of Share withing 60 days from the date of receipt of Application Money, Application money should be received only through Banking Channels and not in cash etc.

Above two para applicable to the Private Limited Company