There is a partnership firm "ABC" with partners Mr.A, Mr.B and M/s.XYZ Private Limited (with 2 Directors i.e.Mr.X and Mr.Y). ABC has availed a loan with a Nationalised Bank. Since it is a partnership firm all the partners has to extend Guarantee to Bank (including XYZ Pvt Limited). Company secretary of XYZ pvt limited has informed that as per section 185 they cant extend guarantee. But as per rules of Bank, XYZ pvt ltd has to extend guarantee.

Please confirm whether XYZ pvt ltd can extend guarantee to company as per Section185 of Companies act 2013.

Other Information:
a) No Body corporate is holding any shares in XYZ Pvt ltd

b) No Borrowings from Bank for XYZ ltd (except unsecured loans from Directors)

dear sir

can you send me special resolution format for the purpose of reducing the share capital?

my email id mariappan.sarawanan@gmail.com

thanks in advance

Dear All,

To we need to give a newspaper advertisement for shifting of registered office from Jurisdiction of ROC chennai to ROC Coimbatore within the state of Tamil Nadu. The newspaper advertisement costs are too high so how can Pvt Companies afford doing the same. please confirm if the same is required.

Dear expert

thanking you for valuable sevice

my query

MCA has changed DIR-3 forms. Now it can only be filled for appointing new directors in an existing company.I have to file form-1 for name approval for LLP.Both the partners dont have DPIN.Now how we can fill Form 1 without DPIN. Please resolve.

DIR-3 KYC

What documents are required to be attached in following cases:

1. Director is non resident during FY 2017-18 and citizenship and nationality is indian.

2. Director is non resident during FY 2017-18 and citizenship and nationality is non indian

PAN, aadhaar is also available with Director.

Hi all,
Where notices, draft resolutions and agenda for board meetings are hand delivered, what would constitute as proof of sending the these documents?

Thanks and Regards,
Geetha

Hi all,
A director of a company is too sick to send the Letter of Leave of Absence for the board meeting.

How is this situation to be taken note of in the Board Meeting ?
How should this be recorded in the minutes - draft resolution required please.

Regards
Geetha

Dear Sir

please provide me the format draft of Board resolution for approving working capital projection report.

While determining the applicability of rotation of auditors what is the year that we should look into for applying the limits of Share capital (10 crores/50 crores) and Borrowings (50 crores). Also once we look into the limits and it satisfies does it mean that rotation is applicable for the lifetime of the company?

Company got strike off by registrar of companies. And directors also disqualified under sec 164(2).
My que is what is remedies to active disqualified directors???
And impact on existing company on which director already disqualified..?
How to get way out of it ?