Dear all experts,

We are in receipt of a Notice From MCA under section 210/220. We are in the process of Filing of our Annual Accounts. Please send me a Specimen Reply for the same.

An early to the matter is highly appreciated.


Thanks.

Dear All,

One of client (P) Ltd. Company sold one of his business to some one, is it necessary to obtain the approval of Shareholders if the Articles of Association is silent on the issue.

Please suggest, its urgent

Recently i hvae incorporated a private company. please send a formate of board minute book. My E-mail ID is cakaish@gmail.com

Dear all,

Please provide me theory and provisions regarding unlimited and guarantee company and

Are unlimited and guarantee companies more convenient vehicles for growth over limited companies. (Any Examples)


Thanking You

Co has received a sanction proposal from Bank which includes the following:

Cash Credit: 8.25 cr
LC : 7.00 cr
BG : 0.20 cr
FC/Derivative: 0.24 cr
Term Loan: 6.90 cr

Out of the Term Loan of 6.90 cr, 5.05 cr has already been availed as on 30th Sept.
The repayment of the term loan shall start from April, 2012. However, we have been paying the monthly interest for the same.

As on 30th Sept, 2011 our paid up capital is 4.98 Cr, Rev Reserve: 0.39 Cr, P/L: 2.05 Cr, all totalling to 7.42 Cr.

As on 30th Sept, The balance sheet shows Unsecured Int free loan of 2.58 Cr from promoter. Also theres a car loan of 0.04 Cr.

Please advise on the following points:
1) If i avail the facilities sanctioned, whether i count on the limits as on the last limited reviewed result i.e. as on 30th Sept, 2011, or as per last audited result i.e. 31st March, 2011 or on a current date.

2) Whether int o/s on term loan should be counted for the purpose of calulating limits under 293(1)(d) of cos act

3) whether the int free loan from promoters be treated under the above stated section? This loan is in compliance with a condition from the bank that we have to bring in a portion from promoters as our contribution to equity.

4) whether the Co. can take shelter within the limiting factor of sec 293(1)(d)?

Theres no resolution passed in the general meeting for excess borrowing.

need an early reply...

Thanks...

As section 161(2) says that There shall also be filed with the Registrar along with the return a certificate signed by the signatories of the return.

In case of resign by MD, whom to sign Annual return on e-filing ?

as per section 77A of the indian companies act 1956 there is a limit of buy back 25% of paidup capital and free reserves.Free reserve means as defined in 372A. As per 372A free reserves means those reserves as per the latest audited balance sheet of the company,are free for distribution as dividend and includes balance to ther credit of the securities premium account but not include share application money.

Now the question arises what is the meaning of Latest Audited Balance Sheets.

If a company makes Interim accounts( half yearly or so ) and get them audited,will it be considered as Latest Audited Balance Sheets for this section.Please note that the company does not change its financial year which remains the same( annual).

What is the position if interim accounts are adopted by the board,audited by the statutory auditor and placed brfore the shareholders in EGM called for this purpose and also got approved by the members in the EGM.Can these results be consideredas the audited results for the purpose of section 372(A).

please give your opinion.

Whether personal guarantee issued by directors as a security to bank for working capital facility needs to be mentioned in Form 8

HELLO SIR
SIR MENE MCA KA E-CHALLAN GENERATE KAR DIYA HAI.

MANE SRN NUMBER RECEIVE KAR LIYA HAI PLEASE TELL ME MENE PAYMENT BHI KAR LIYA HAI BUT UTN KYA HOTA HAI AND HOW I SUCCESS FULL PAYMENT FOR MCA21. PLEASE GIVE ME SUGGETION

WITH REGARDS
LAXMAN DEWASI
9414546218
CPT STUDENT

Respected Experts
Is it possiable that a person can hold 100% paid up equity share Capital of a Private limited Company
Again is it possiable that a person can hold the post of a director in a private limited company without holding any equity shares into that company
Thanks
Debashis Mandal