ONE OF MY FRIEND RESIGNED DIRECTOR IN THE PVT. LTD COMPANY. ONLY HAVING 20% OF THE SHARE CERTIFICATE. PLEASE LET ME KNOW HIS RESPONSIBILITIES CONTINUES OR CEASES FOR CURRENT LIABILITIES AND LOAN LIABILITIES AFTER RESIGNATION AS DIRECTOR IF HE HAVING SHARE CERTIFICATE.

KINDLY INFORM ROC FORMALITIES AND ALSO ANY INTIMATION IS GIVEN TO SUPPLIERS/BANKERS.

REGARDS
S. RAVICHANDRAN

financial services pvt ltd company. business discontinued. no assets and no liabilities. only equity capital and carry forward business losses. wants to close the company. request to detail out procedure for closure.

Does reduction of share capital amount to alteration of capital clause in the MOA?

Details :
The capital clause in the MOA consists of particulars such as the authorized share capital of a company, the face value of share, the class of shares, number of shares and the subscribers to such shares.

Reduction of share capital amounts to alteration of paid up/called up share capital of a company. Such particulars do not form part of the capital clause of the MOA.

So how does this type of reduction alter the MOA?

And if not, then Sec 61 of Companies Act, 2013 states that cancellation of unsubscribed capital of a company amounts to alteration of MOA. Again, such particulars of subscribed/paid up/called up/issued capital do not form part of the capital clause of MoA, so how does it really amount to altering the MOA?

Correct me if I’m wrong in my approach here.

Dear Professional

Please provide me the AOA format of Section 8 Company.

Dear sir
Please give your valuable opinion on the following matter-

in case of resignation of director under section 168 of the Companies Act, 2013, whether it is allowed to sign e form DIR-11 by the director other than resigning director of the company by giving authorisation letter to other director who will sign this form on behalf of resigning director to the Registrar.

NOTE- Resigning director is a an Indian person.

Condonation of Delay scheme 2018 is a scheme available after a large number of representations filed by disqualified directors. This scheme is open for three months from 01 January 2018 to 31st March 2018 wherein DIN of disqualified directors will be activated to facilitate pending annual filing. In this video, learn how to take benefit of this scheme to avoid harsh penalties by the ministry in future.

https://www.youtube.com/watch?v=5psYigBgmX0&t=12s

Hello Professionals,
Actually a company want to change its name but the while going through the process it was observed that one of the director of the company is disqualified u/s 164(2) of the companies act 2013.so now my query is whether the disqualified director can sign the application for change of name of company all forms and attachments, or he can do the signing part for any form?
Is there any way to remove such disqualification?

Dear members,

For the purpose of audit requirement under LLP, whether 25 llacs limit of capital contribution includes Current capital account of partners ?


Thanks

Ca. Shivam Poddar

+91 9899898748
cashivampoddar@gmail.com

Section 140(2) says file adt-3 within 30 days of resignation....

Section 140(3) says penalty of minimum 50k for not following section 140(2).....

My question is that if a person file adt-3 after 30 days then will he still have to pay this penalty or only failure to file adt-3 will result in penalty........

Is it possible to convrt Partnership into PVT LTD Co, if yes, can PVT LTD company register in Share Market, what is the procedure