Dear All,

Will you please guide me how we can convert a private co. to Non Banking Financial Co.

Comapny required 3 years audited balance sheet for acceptance of deposit , if company has 1 year audited balance sheet
so can comapny accept deposit form public ??????

Dear Professional Friends,
I need your valuable advice on the given case.
Case details:I have filed for a new company incorporation.
The same has been sent for re-submission.
Due to non availability of the subscriber in town,the same could not be re-submitted on or before the due date as
Per Regulation 17., and immediately we received a mail saying that the “document could not be taken on record and treated as invalid” and we need to start the procedure afresh with the required fee and additional fee.

I have already paid the stamp duty, MOA registration fee etc. which amounts to more than 25000/-.

I contact ROC also, I was told that the same is not refendable or adjustable, and I have to pay the fee again.

Please give your valuable advice/suggestion with your experience or similar case if you have ever came across.

Regards,
Manoj

Our one client company, which is also joint venture co has 72% Foreign share holding, can it treat as subsidiary of public company and if we want to appoint MD in these company can only board's resolution is sufficient or we have to get the permission of RD as like public company

Company has been converted from Private limited company to public limited company.

We have certain unsecured loans in private limited company from third parties (parties not related to director or shareholders).

Now what are the implication under section 58 A of companies Act.

Whether any sort of advertisement required or we have to pay back these loana

In case of a private limited company, the directors are foreigners. Their visa has not been converted into employment visa yet. How can they be paid salary?

If we pay the stamp duty through online for MOA, AOA and Form-1A regarding registration of a company

Then physical submission of the above said documents to ROC is to be done or not.

Can a public unlisted company accept deposits from its managing director? and if it can then what all are the requirements to be complied with under the companies act 1956? Please help

suppose in XYZ pvt Ltd there are two Directors A & B.
A is holding 98000 Equity shares and B is holding 2000 Prefrence shares.
A is C.A. having COP and desires to resign from the Directorship and want to act as an Auditor of XYZ pvt ltd.
C is appointed as director of the same company for meeting minimum requirement of director.
What procedure should be followed for appointing A as an Auditor and what is to be done of shares held by him.?

Please explain in detail procedure and requirement of form?

If a director is common in 2 Public companies and hold less than 2% of the share capital of the Company, then will his vote be counted in the Board Meeting on the matter of a contract or arrangement to be entered into with that other Company??Is he interested under section 300???


Please help me to sort out the query...need answer urgently...