Dear Members,

A Partnership Firm is a beneficial owner of shares of a Private Limited Co. in pursuance of section 89 of the Companies Act, 2013. Now, such Company wants to accept deposit from partnership firm.
As far as i concerned, a Co. can not accept deposit from Partnership Firm even if it is a beneficial owner of shares of such Company, because Section 2(55) does not cover the term beneficial owner.
Please clarify.

Hi,
How to obtain DIn no for designated partners of new LLP ? As DIR 3 for new din allotment is not available?

1. A private Company accepted Rs. 50,00,000/- from person A, who is neither shareholder nor Director, now wants to issue shares upto Rs.12,50,000/- under private placement , is it possible ?

2. A private company can issue shares to only one person under Private Placement.

Hello,
I was recently trying to download the Financial statement of the company for previous years while doing the same i downloaded the AOC-4 from MCA services and while extracting the Attachments which was in XML format i tried using the XBRL validation tool but it got struck at 30% without showing any error each and every time.
What can be the proper solution for the same.
Help required on urgent basis
Thank you

Hi

Have to make admission of 2 new directors in a pvt Ltd company with 60% shares transfer to new directors and make them permanent directors too.

What forms required to be filed by the pvt Ltd Co? What all docs required

Can a private limited company accept loan from relatives of director.

Also, the can the loan amount exceed the authorized capital of the company ?

Can a private limited company take an interest free loan from the Director as per the Companies Act, 2013???

Please clarify.

I had file application for incorporation of section 8 company name as ROYAL COIN MICRO FINANCE..my company is Engaged in microfinance activities,providing credit not exceeding rs.50000 for a business enterprise and rs.125000 for meeting the cost of a dwelling unit to any poor person for enabling him to raise his level of income and standard of living.so thats why section 45-IA,45-IB, 45IC of RBI ACT 1934 not applicable to micro finance & section 8 compnies.and there is no reuirement of RBI approval is required in above business activities.

ROC has reject such name by stating reason that "With reference to MCA, FAQ 10, Finance activity is under regulatory control of RBI but para 14a is not selected as Yes and decleration about approval of regulator is not filled up. Accordingly the form is not proper As per rule 8(2)(b)(XIII) read with rule 8(2)(b)(III) of Companies Incorporation rules 2014 .Proposed names and object includes finance activity and these type of names are considerable on declaration according to rule 8(2)(b)xii read with rule 8(2)(b) iii of compnies incorporation rules 2014..accordingly please resubmit.

please suggest me path for dealing with this matter

What is the responsibility of auditor for reporting director disqualification u/.s 164(1) of Companies Act 2013??

Sir, in a private limited company if there is a property (immovable property like land and building) owned by the company and the company has given its shareholders the right to use and occupy this property vide a shareholding agreement, what is the procedure if the company now wants to sell this property?