hello friends

i want to know where Share Application Money will be presented in balance sheet as per schedule VI as per Company Act 1956?

Dear Members,

A Private Ltd., company which is a 100% subsidiary of public Company formed during Dec 2010 wants to issue some more shares to its holding Company.

In this situation what resolution need to be passed and what procedures to be followed.

Please explain.
with many thanks
K Degaleeswaran

sir,
i want 2 know abt if a co. did not file form 23 ac on due dates for year 2008-09,2009-10. how much penalty will be paid & hw to be calculate ......please reply.

What is D.T.L/ D.T.A???
What is its treatment in books of Accounts???

Company had been struck off u/s 560 under easy exit scheme and audited books shows that it has not been closed showing capital as well expenditure to the extent not written off.

Is it deemed desolved ? since no liability or assets exit in the books of accounts ?

Now company has made petition u/s560 (6) to reinstate the same. What will be legal status of share capital before application and after application u/s 560(6) ?

1. Is there a law which makes it mandatory to create current ac for proprietorship business?
2. Are there any issues if the savings account (of propr) is used instead?

Our company has made an investment of Rs 2 Crore in a pub. Co.(X) having the paid up capital of Rs 15581500/- but this company has transferred this amount of Rs 2 crore to their group company(y) .This Y co. has shown allotment of shares for Rs 2 crores but we have not signed any application form fot this allotment . Further no notice of AGM has been send to us by this Co. from the last two years .
We want to recover this money from this company but we can not force them to buyback the shares.
Tell me what procedure we should adopt and also the section under which we can force them to refund this amount of Rs 2 Crores.

Authoriesd Share Capital of Y Ltd Rs 20 Crores devided into 2 crore share of Rs 10 each
Pad up Share Capital Rs 15,58,15000/-
pls give me immediate reply for the same.

Our client had dissolved the partnership and wanted to run a proprietorship with same same name can he do so? what to do with the existing service tax no. and tan no. of partnership? where to surrender it?

As per the provisions of Companies Act, 1956 appointment of Managing Director is done by Board of Directors in the Board Meeting subject to the consent of shareholders in the General Meeting.

If Board of Directors appointed someone as Managing Director but the shareholders not given their consent and the resolution rejected by majority of shareholders then what will be the consequences of rejection by shareholders. Whether that person cease to be MD from the date of General Meeting and what will be the validity of the work done by the MD during the period from the date of Board Meeting and General Meeting.

Good Morning,

we have not filled the balance sheet of some of our client with ROC, now my question is,what we shoud do to avoid the impact of circular no. 31 & what is the process.


Thanks