We have two partnership firm and want to convert into private limited. Firm have four partners.

Section 174 of Companies Act , 2013 says that if Board Meeting can not be held for want of Quorum then that meeting shall automatically stand adjourned next week, same time & place but how much time for waiting of Quorum to present in Board Meeting or how much time directors should wait for quorum to adjourn the meeting ??

Dear CS Experts,

Can I Sell a property on which I had created charges by hyphenation agreement with lender.

Provided, I had not filed CHG-1 with MCA and 300 days already elapsed. Since the Charge amount is small paltry of amount and the procedure to follow for creation of charges after expiry 300 days is little complicated.

So, To avoid the burden of compliance, Can I Sell the property and pay in full to the Lender..?

Please be give specific answers along with Case Laws if any.

Dear Experts,

Can anyone properly interpret the below definition.

A transaction with a related party shall be considered material if
the transaction(s) to be entered into individually or taken together with
previous transactions during a financial year, exceeds ten percent of the
annual consolidated turnover of the listed entity as per the last audited
financial statements of the listed entity.

As per New guidelines we have to inform regarding Material RPT, so am confused whether that definition will be read with regard to a transaction or a related party.

Dear Sir,

My query is, whether valuation of share as on the date of conversion is required for a unlisted private company, In case of conversion of Unsecured Loans, extended by the current equity share holders. ?

Or

Conversion is possible without valuation just by giving away shares at face value plus some premium amount per share, arbitrarily.

Please note current directors and shareholders are same in whose name conversion is taking place.

Awaiting response.

Dear Experts,

I want to close a private limited company just formed 5 months back, please let me know what are the formalities, and forms to be filled.??
or we should wait for one year and then go for fast track exit.??

one of my client has desire to form one person company (OPC) but she don't have any proof of identity listed and required in e-form INC-2 but she have other identity proof such as bank statement pan card and other but don't have any four listed in e-form INC-2 i.e. AADHAAR Card, Voter ID Card, Passport, Driving Licence. i wish to know whether my client use any other proof of identity attested or notarized etc.
please guide....please.....please

Dear Expert,
Last week, I have applied for DIN for a Director for a newly incorporated company. The DIN has been allotted and approved but while i using it and do a pre-fill it shows enter valid DIN. Also, i check in MCA site verify DIN/PAN of Directors and it shows DIN has not been matched with DIN Database.
I raised a ticket query in MCA but they not able to give proper solution to me. They give a solution as the DSC for PAN is not register in MCA portal. I have tried to register a DSC for PAN of a concerned Director and it shows PAN not does not exist in system.
I contacted DIN Cell, Helpdesk of MCA all are not able to give proper solution. Kindly advise.

Once we fall in ambit of sec 135; and for fulfill the CSR obligations we build a hospital. how this hospital will be shown in books? And further in the future years if the company do not fall in ambit of 135; then how will hospital running expenses will be booked?

Company had three promoters/members, which were three different companies. One of them has transformed itself to a LLP vide court's order.

Now, we have to make changes in the shareholding registers accordingly. Since the entity has changed, would this amount as 'transfer' of shares ? Will we be required to issue new share certificates for this ??