Dear All,

My client, a NBFC-ND received a notice from RBI for presenting "copies of particulars relating to approval of Foreign Exchange Department in respect of FDI received."

My question are

1) What is this approval
2) Does it required even if company receiving FDI under automatic route.


Regds

Dear All,

As per RBI circular DNBS (PD).CC. No 167 /03.10.01 /2009-10 dated 4-2-2010 a NBFC with FDI has to furnish a Half yearly certificate from its statutory auditor about Compliance of minimum capitalization norms.

Can anyone pls provide me its format?

Thanks in advance.

Regds

A private limited company has registered office at X place and its books of accounts are maintained at Y place. both X and y are in the same city. the company has not passed the special resolution for this thing. Please let me know the concequences for this non compliance.

1.
Sir, MR.X is a person having an Australian nationality ( he was born in India , and is of Indian origin).he wants to set up a company in Singapore. I want to know whether he is liable to do any formalities in India in the context of companies act 1956.

2.
there is another doubt that since the person is of indian origin wether and controls the company in singapore it will be deemed as foreign company and have to file return with ROC delhi
please guide me

a llp newly incorporated as oct 2009 still the time books of accounts not closed. i would like know which year ending i have close the books of accounts as per llp law

Dear Sir,
if the paid up capital of the company is rs 1 crore or more and the company falls within the exceptions given under section 297. is it necessary to obtain central government permission for transaction with a related party?
Rgds

A new set of articles of association is adopted instead of old article. So whether in directors section only existing directors to be mentioned or the first directors to be mentioned. That is if in first AOA there were 4 directors and later on there were 3 directors. So whether names of 4 directors to be mentioned or only 3 i.e existing directors

What is the maximum limit that a listed company can accept as deposits from public including shareholders and directors???

FACTS: -
- CO. A HAS FINANCIAL YEAR FROM 01.04.2010 TO 31.03.2011.
-THE BOARD MEETING OF THE CO. IS SCHEDULED ON 31.05.2011 FOR APPROVALS OF YERALY FINANCIALS AND DECLARING INTERIM DIVIDEND FOR 2010 - 2011
-THE CO. IS IN THE PROCESS OF FINALIZING BOOKS OF ACCOUNTS AND AGM WILL BE HELD IN THE MONTH OF AUG'2011
-THERE IS A SUFFICIENT PROFITS IN 2010 - 2011 IN ORDER TO DECLARE INTERIM DIVIDEND.

QUERY:-
-CAN THE BOARD DECLARE INTERIM DIVIDEND FOR THE F.Y.2010-2011 IN MAY'2011.
-WHETHER THE DIVIDENDS DECLARED AFTER CLOSURE OF F.Y.2010 -2011 AUTOMATICALLY BECOMES INTERIM DIVIDEND FOR THE F.Y. 2011-2012.
-IF THE INTERIM DIVIDEND RELATES TO F.Y.2010 - 2011, WHAT WOULD BE THE ACCOUNTING ENTRIES.

A private ltd company provides guarantee for the loan taken by the director. Which section apply for this and what are all compliances to be complied in this regard?