Hello everyone,

Mr.A is very simple man and he trust people very easily. He had rs.10 lacs and wanted to invest it in business. In his building Mr.B was staying for 4 years on rental basis. There used to be formal hi hello and they became friends.

Mr. A told Mr. B about his plans. Mr. B advised him to start garments business. Mr. A immediately agreed. Mr. A paid deposit of shop rs.100000 from his a/c. then Mr. B asked mr A that he also want to get involved in this business. Mr.A told him to take him as partner with 25% share but Mr. B asked for 50% share and mr. A agreed. Mr. B told that he wont bring a single penny.

I have prepared the partnership deed and showed that capital as rs.1 lacs entirely contributed by Mr.A.

within 3 months Mr.A has incurred rs.11 lacs including shop deposit for the business.

Mr. A came to me and told me that he think that he has taken the wrong decision and he may close the partnership in november/december. Mr. B is unaware about all this. He is worrying that on dissolution Mr. B might ask his share of from the assets(furniture/cloths/deposits/ac/pc etc) of the firm since most of the payments were made in cash.

He told me to prepare a documents in which Mr. B will sign that entire assets of the firm belongs to Mr. A and He does not have any right to it except share of profit.

I need the opinion of experts regarding how to preapre the same and what are the formalities required ?

If a Pvt Ltd company recieves share application money.. Is there any deadline within which the share should be alloted.


Secondly, is there any deadline to file Form 5 after allotement of shares

DSC renewal Price :
1. PFX File : Rs. 1200/-
2. PFX File with old e-Token : Rs. 1200/-
3. PFX File with new e-Token : Rs. 2100/-

is it manadatory to obtain the consent of additional director at the time of his appointment under sec 260 in the public limited co.?

thanks

Can a private company transfer shares from one individual to another after mutual consent and give effect to change in share holding pattern before ROC approval. The Company will take ROC approval later. Can the new share holding be considered as valid till ROC approval.

What could be the strong reasons to get approval of change of name by a private limited company from RoC ?

On what basis RoC refuse to approve change of name ?

please tell me about this following qus.

1. How to Determine the Net Worth of a Company both base total assets and share capital base, and do share application money include in net worth yes or no ?.

2. i think net worth means share capital(excluding share application money)+ all reserve & surplus(Excluding revaluation reserve)-accumulated losses and miscellaneous expenditure(Fictitious assets). i m right or not?
my mail id ravindra.verma56@gmail.com

Hello,

What are pre-incorporation exps and how are they different from Preliminary exps? Are pre-incororation exps allowed as per the Income Tax Act once the company is incorporated? If so, under which section and how much in the 1st year?

Can a company pay dividend out of current years' profit if it has accumulated losses?

kindly give your valuable suggestion.

WHETHER POWER OF GIVING CORPORATE GUARANTEE IN PVT. LTD. CO. VESTED WITH BOARD OR THERE SHOULD BE POWER IN AOA ?