Corporate Law QnA - Page No 90

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Nagamani

04 March 2020 at 15:41

Charge Creation

Hi,

We have a cash credit with HDFC bank which is secured against Fixed Deposits and book debts. The HDFC has created two line items with MCA and they are stating "Charge is based on security : its different for book debts and FD . so your total charge is limited to given limits only . " But I am claming this is wrong because it is showing two times , hence it looks the limit is double.

Please let me know is the bank correct
Regards
Nagamani

ACS heena

04 March 2020 at 12:23

TRANSFER OF SHARES

A shareholder of private company want to transfer shares at face value, what will be its implication and such transfer is possible?

Sunil

03 March 2020 at 21:19

Approval in Board of directors meeting

As per companies act 2013 standalone financial statement and consolidated financial statement of company can be approved in one board of director meeting

VARUN RANJAN

03 March 2020 at 16:03

Director

A Pvt company has 2 directors A & B. Director A loaned Rs. 5 lakhs to the company which was used to purchase machinery. The company is not returning the loan to Mr. A.
Can Mr. A sell or take over the machine?

Shakthi

02 March 2020 at 18:16

CARO

Dear Experts

The CARO amendments are applicable only to companies with turnover more than 10 crroes?

Vinod

29 February 2020 at 16:53

Supplementary LLP agreement in case of Death of a Partner

CAn any one provide me a draft copy of Supplementary LLP agreement in case of Death of a Partner

MUSKAAN SEHGAL

28 February 2020 at 15:02

Depriciation method of companies

whether in case of companies depriciation charged amount of an assest willl be same or decreased every year

Pavan RN

27 February 2020 at 19:51

Amalgamation

How we can get the name of the company with whom, a particular company (whose name, we know) has been amalgamated? I need an online source for this.

Chanchal Gaur

27 February 2020 at 12:46

Alteratio of aoa and moa

I M FILING TO ADOPT NEW SET OF ARTICE AND MEMORANDUM,
IF THE AOA AND MOA ARE NOT AS PER PROVISION OF THE ACT THEN THERE IS ANY PANELTY CLAUSE OR MAY BE RECTIFY.
ROC SENT FOR RESUBMISSION OR DIRECTLY IMPOSE PENALTY?

CA VENKATASWAMY

25 February 2020 at 11:44

Conversion of Sole Proprietorship into Private Company

One of my client want convert Sole proprietorship into Private Company. He started Sole proprietorship in this year and also want to convert to private company in this year so whether it is lawful ? if yes whether expenses incurred in the business upto conversion can be carry forward to company income tax return ? please say the Conversion Process.