Dear All,

What are the Pre requirements and Procedure for issuing Convertible Bond by an NBFC.

Also if its a NBFC-ND, then does it change anything?


Regards

Please tell me the procedure of converting the Public Company to LLP

A co; is engaged in the business of running cabs on hire. It wants to guarantee the loan taken by directors. can the foll.clause be included in other obj clause of MOA to allow the co; to give corporate guarantee?

To lend and advance money or give credit to such persons or companies and on such terms as may seem expedient, and to guarantee the performance of any contract or obligation and the payment of money of or by any such persons or companies, and generally to give guarantees and indemnities.”

please advice

Hello friends

Can Public profit making company having 4 directors increase its managerial remuneration beyond statutory limit u/s198 i.e. above 11%of net profit? &
What are the procedure and resolutions required?

As per CARO, the company should have an internal audit system commensurate with the size and nauture of its business.
Query : Whether it should be headed by a CA or only a proper internal audit system should exist ?

Sirs
What are the implications and procedures required if a company gives loans to its directors and receives interest on such loan?

Resp. Sir/s

Our company ha given loan of Rs. 15crores to other company for some project, the borrower company has used the money for its project purpose and after some years instead of paying back the loan it wants to issue/allot share for the loan amt. so. pls guide can it be done so & if yes under what section pls. clariy.

And also pls. provide me the resolution for the lender company giving their consent for accepting shares instead of loan amt

Thanks & Regards

I want to appoint independent director in private company in AGM. what is the procedure to be followed and please provide me draft resolution to pass in notice.

is it any information mention in the directors reports regarding appointment of director.i.e. while preparing annual accounts what are the information to be provided regarding directors appointment.

Sir,

Annual return is the only way to show the effect of share transfer in private ltd company then ,
what if the company has made 2 annual return for the same year, same date of meeting and one shows "no share transfer since last AGM" and other shows "transfer details of share since last date of AGM"

Is it a forgery?

If yes then by whom by company directors or by company C.S.?

Please reply,

DEAR SIR,

I WANT TO START A NEW PVT.LTD COMPANY WHAT IS THE MINIMUM PAID UP SHARE CAPITAL.