Dear All,

I have one assignment if anybody can guide me on that.My query goes like this :-

1. There is one Swamiji and he wants to set up a TV channel for which nearly an amount of 20 Crores will be required .

2. His devotees are willing to contribute the amount . They may contribute ranging from 15000 to 1 lakh .

3. We will be keeping the authorized capital as 20 cr., out of which Swamiji can contribute Rs. 50 Lakh . Now we remaining with 19.5 Crores which we need to allot to his devotees . But in what manner ?

Can we allot all the remaining shares as preferential shares ? Or is there any restriction to it . Our first priority is issuing Equity or preference shares , last comes the Debentures .

The point of discussing all this is that Swamiji wants to have major control over the compant i.e, he wants to have majority of the voting rights . He is afraid of the fact that in the future the minority shareholders should not come together and take advantage of the voting rights .

Now upto what extent can we bring him out of his fear by using Company Law .

I hope i was able to explain the story . Can any body guide me on this ?

Thanks in advance.

(1)Step wise Process of Submitting the form?
(2)Late fee for delay in filing of form -8 beyond 30 days of charge creation?
(3)I have already a registered user of MCA, so whether i can upload this form from my account or i need the ID of company whose form is to file?
(4)Where can i find original charge creation ID to fill in modification form?

Dear All,

Can a director be appointed in a private Company by board resolution without appointing him as an additional director first?

There are two directors in a pvt company and both want to resign. So if we appoint two new directors both will be additional directors upto AGM date, hence we want to appoint the new directors without appointing them as additional director first.

Hence do we need to call EGM for appointment of two new directors as Promoter Director or can it be done in Board Meeting itself.

Please help

Dear all,

Mr. A is the nominee shareholder in a public Ltd. Co. Now Mr. A is no more in employment with the Company therefore he is transferring his 1 share to another employee who will become the nominee shareholder of the Company.
Whether a declaration u/s 187C needs to given and Form 22B required to be filed with ROC?
If yes, who will give declaration about the same?
In my opinion the new nominee shareholder will give declaration to the Company.

Experts view solicited.

Thanks in anticipation.

Dear sir,
Our client a Benefit company called and Received the Share Application money from Members. The main problem is they are called continuously through out the Year.
The main problem is they are not yet allotted till the Completion of the Financial Year and they are showing in their books as a Share Application money.
Is there any Consequences for Non-Filling of Form-2 with ROC?.

Sir, I had Filed Form 8 for creation of charges and it showed a delay of 109 days., and told to file the condonation for delay., i had filed the Form 24AAA and got a order to pay a Fine Of Rs.2200/-, and inform the payment to ROC.

My doubt is on which SRN no. I have to pay the penalty .. on the SRN of Form 8 or the SRN of 24AAA., and also after the payment how i have to intimate to the Regional director .. Through which Form.Please reply me sir...

Hello Friends,

I would seek your help to understand how to determine the Debentures in any company. I am a part of Pvt. Ltd Co having a paid up & Autorized capital worth Rs 100millions & 150 Mns respectively. Could anyone please suggest How the Debenture concept works and upto what exrent my company can issue the debentures. Please do let me know the process as well.

Many Thanks for all the supports.

Rgards,

Dear Sir,
I am Arpan Goenka director of ( ABC Jewellers Pvt Ltd ) name changed because of privacy purpose.
I have purchased 1350 gms gold 24 carat as a investment purpose from gold bullion in Sep 2010 at
Rs. 25,73,000/- . I have also showed in my books as investment. Now I want to sell as I think gold price is too much.
And If I sell today after 3 years, which is suppose to be long term again at Rs. 42,00,000 approx., Do I need to pay
tax ? And if yes then why ?
My CA told me few things :-
(1) I have to pay MAT which is approx 17,00,000 * 18 % = 3,00,000 approx to govt.
(2) After that also profit money I can't share amont directors. I have to pay DDT.
(3) So he is planning to transfer my company to LLP . Is it Ok. Does in long term gain we dont have to pay AMT in LLP ?
Please advice.
Thank you
Arpan Goenka

If an Indian company is using services of a USA company to get its Foreign Receipts realized into Indian Currency received from the Foreign Client in USA.

Will TDS be liable to be deducted on such commission charged by the USA based company for services provided?

Please reply.

If assessee(deductor) had filed his original return on time but due to some clerical mistake TDS of a deductee was not deducted and in turn not paid and hence, not shown in the respective TDS return.

But now, the assessee has paid the due TDS along with late payment interest and he wants to revise the TDS return showing this new deductee in it.

Will any penalty be imposed for this error?

Please reply soon.