According to Section 196 of Companies Act, 2013 Managing Director of all companies can be appointed only for a term of five years . Earlier this [provision was not applicable to private companies. in that case the period of managing director for five years will counted from 1 April 2014 ( Applicability of THIS SECTION) or before that ?

Please provide me board resolution format of sec 179, of new companies act..

thanku..

Can a Minor become member in company limited by gaurantee and an unlimited company as per new companies Act, 2013 ???

Dear sir,

If an IndIan Company(proposed company) wants to use word international in its name then what are all compliances it need to comply with?

Hiiii frndz,, plzz anybody tell me the meaning of two layer under section 186 of the Companies Act 2013 with an example of two layer.

My client wants to apply for name to start new co., In the new company name promoters' daughter's name is one alphabet. What document should I submit proof of relationship with ROC

hiiii
under companies act disclosure of interest a which type of interest is covered a directorship in other company or shareholding in other company...

Hi All,

Can any one provide me or share the excel calculation of stamp duty and other filing fees require for authorized capital.?

Do the needful.

Thanks

Company A & B are pvt. Ltd companies with common director. A is providing certain services to B for which consideration is paid to A at market rates. For the performance of contractual obligations, A is required to provide certain amount to B as interest free refundable security deposit.

Security deposit does not fall within the ambit of "deposit" as per Acceptance of deposit Rules 2014.

Deposit is defined to include Loan but there is no definition given for Loan.

In the given scenario, whether payment of security deposit will attract provision of section 185 which prohibits loan to be given to the director or to a concern in which director is interested?

Whether, section 186(7) relating to minimum interest rate will be applicable to security deposit also?

Hello sir, Greetings from Arun Shanks, Forwarding the mail from HDFC bank. Please help to understand the notice received. I spoke to the Mumbai Treasury office of the HDFC, they suggested to ask C.A to understand better as they would well aware of this. They want this certificate before 30th June. Please help, regards, Arun Shanks. Statutory Auditors Certificate. Dear sir/Madam, we find from our records that you have entered into Foreign exchange derivative contracts with our bank in FY 2013-14 against underlying exposure viz contracted exposure Extract of FEMA regulations: As per RBI guidelines A.P. (DIR Series) Circular No.32 dated December 28, 2010 issued on Comprehensive Guidelines on Over the Counter (OTC) Foreign Exchange Derivatives and Overseas Hedging of Commodity Price and Freight Risks. in the case of contracted exposure -AD Category I banks must obtain "Quarterly certificates from the statutory auditors of the users, that the contracts outstanding at any point of time with all AD Category I banks during the quarter did not exceed the value of the underlying exposures" Further, as per RBI guidelines vide A.P. (DIR Series) Circular No.2 dated 04 July 2013, while offering hedging products under the contracted exposure route to their customers may obtain an annual certificate from the statutory auditors to the effect that the contracts outstanding with all AD category I banks at any time during the year did not exceed the value of the underlying exposures at that time.