A Private Limited company is incorporated.There are three subscriber to MOA, out of which one is company holding more than 51% shares in the new company and there by becoming the holding Company of the newly incorporated.

The newly incorporated company has not open bank account....so no subscription money is deposited.It has been a year since the company is incorporated.Any solution that what steps should be taken for such type of Company

One more problem is that,in Balance Sheet of the holding Company...there is no entry of the investment made and no disclosure about the subsidary as the Company has not paid subscription money...

Also one more thing to note is that the holding and subsidary Company have same prefix, therefore a Board resolution and NOC is issued by the holding Company..

How will the unpaid subsriciptiom amount get reflected in holding Company

Kindly provide the agenda for AGM (not for Pre-AGM Board meeting)

Can any individual do the business of forex trading by taking money from people and investing in Foreign exchange and in return give them interest on such money?

Or there are some restrictions?

Please reply

Hi,

Someone may please reply, if possible:

Query 1

Whether online generated bank statement (duly signed by DIN applicant) can be used as a valid document in respect of Address Proof.

Ans : ……………..

Query 2

If the above document is accepted, should the CA also attest the document in addition to the signature by DIN Applicant. (As per DIN instructions, self-attested by applicant is sufficient).

Ans : ……………..

Query 3

Should the DIN Applicant get banker’s attestation, if the applicant uses the online generated bank statement (banker’s attestation does not apply for regular bank statement received by post or courier)?

Ans : ……………..


Thanks in advance for your replies.

Dear Friends....

As per the new Companies Act, 2013, same changes is required to be reflected on Articles of Association of the Company.

Kindly, advise till what period Articles should be modified as per new rules and please guide/ give opinion how to re-draft the Articles. Major points which I need to be kept in mind.

Regards:-
Shreya

Hi,

Someone may please guide, if possible:

Query 1

A friend of mine is a Director in a private limited company (not a subsidiary of any company).

He proposes to resign from the directorship (the process of which, I am aware) and transfer shares to the new incoming Director (who shall take the shares).

May I request someone to elaborate the practical steps from the beginning from my friend’s point of view, his responsibility and the company’s responsibility as well?

Ans : ……………

If any URL available with detailed steps on such process, please share so that I will go through the same and understand the subject.

Thanks in advance for your replies.

Dear Experts,

Our Authorized capital is Rs. 10 Lacs divided into 1,00,000 shares of Rs. 10 each, out of which 1 lakh is paid up(shares held by indian directors) now, we want to issue 50,000 fresh shares to NRI.

Please guide me whether we can issue 50,000 shares at par or we have to use DCF method as precribed by FEMA.

Thanks in advance

Sir,

1. Whether it is compulsory to open a separate dividend account for a 100% wholly owned subsidiary also,even if the ful amount of dividend is transferred to holding company bank account?

2. In calculating 5 days from the date of declaration, whether sunday or national holiday is excluded or not?

Pls reply fast

A public company has 7 directors and same are share holders also. Now 6 of them want to resign and 2 new want to join as directors. And the entire share holding needs to be divided among 3 new directors. Kindly tell the procedure to do so. Thanks.

The DIN/PAN entered for Director/Manager/Secretary upon signing of EForm does not correpond to the DSC affixed.

i have checked the DIN and affixed DSC of director whose DIN i have entered.

what is the solution ?