Can Loan be taken by a Private LTd Company from a foreign Director ,Director's Relative(foreigners) and Shareholders in FOreign currency? plz let me know the relevant sections related to it too..

which book should i refer for final CA law

A holding company is situated outside india and its subsidiary company is in india and the Subsidiary company purchases immovable property/asset though the money is provided by holding company.Whether any compliances is required under FEMA or any other authority for the above transaction?

regards,
raghav ratna

Can share application money can be used pending allotment?

Hi,
I have filled form 8 (for creation of charge. The form 8 was filled by delay of 62 days. The query has been raised as under:

"FORM 8 IS FILLED BY THE DELAY OF 62 DAYS. HENCE, YOU ARE REQUESTED TO APPROACH THE COMPANY LAW BOARD FOR CONDONATION OF DELAY AND TAKE FURTHER NECESSARY STEPS."

My question is that "What would be a procedure to make an application / petition to Company Law Board for Condonation of Delay?"

Please help me in above matter

with regards
Hardik

I want to know about the clear notice required for calling a Board Meeting for Listed, Unlisted and Private Limited Companies

I am a share holder and director of the co.
is it a satutory requirement to have agreement for MD of the company

Thanks for the reply

I wish to incoporate a Pvt Ltd Company as UK Consulting Pvt Ltd. "UK" stands for my fathers name. My application under Form 1(A) is sent for resubmision with the reason that initials/abbreviations cannot be considered at the time of incorporation.

But there are 79 companies in India with their name starting with UK.

Is there any remedy to retain the name of my company as UK Consulting Pvt Ltd

My Co. had an optimum composition of BOD as per the requirement of clause 49 of the listing agreement including a nominee independent director.

However, five months ago the nominee director resigned from the Board and the financial institution is yet to nominate their official in our Board.

Listing agreement provides a timeline of 6 months for filling up the vacancy created by resignation or removal of an independent director.

Now the F .I is not clear of its intention to nominate any of their official as director and at the same time my deadline for filling up the vacancy is near by. My queries are:

1. Can i fill up the vacancy by appointing any other independent director to comply with the requirement of Listing agreement?
2. As i dont want to increase the size of my Board any further, what will happen if the F.I asks us to appoint any of their representative once i have appointed somebody else in the vacant position?
3. Can i take recourse to the fact that the F.I has failed to nominate their representative in our Board? (The agreement entered between the Company and the F.I does not contain any such clause)
4. What is the correct course of action under a circumstance where the F .I is not co-operating?
5. Can i demand a NOC from the F.I stating that they have no objection in inducting any other person as director instead of their nominee?
6. What are the rights of the F.I and the co. in this regard.

Well i know my question is quite long but i will surely appreciate your comments and opinion in this matter.

regards....